Tag: forecasts

UK public sector borrowing lower than forecasts in July

UK public sector borrowing lower than forecasts in July

The Office for National Statistics (ONS) has today revealed UK public sector net borrowing fell last month. According to the ONS, public sector net borrowing came in at £20 million in July – down from £3.5 billion in the same month a year ago. The figure was much lower than analysts’ expectations and was boosted [...]

August 19, 2011 | 0 Comments More
Japanese exports fall more than expected

Japanese exports fall more than expected

Official figures today revealed Japan’s exports fell more than expected last month resulting in the country’s second consecutive month of trade surplus. According to the Ministry of Finance, exports were 3.3% lower on an annual basis in July – the fifth consecutive monthly fall – and lower than forecasts of a 2.4% fall. The figures [...]

August 18, 2011 | 0 Comments More
UK unemployment rate and claimant count up

UK unemployment rate and claimant count up

The Office for National Statistics (ONS) has today revealed UK unemployment rose in the three months to June. The ONS said unemployment rose by 38,000 in the three month period to 2.49 million. The latest figures take the unemployment rate from 7.7% to 7.9%. Economists had expected the rate to stay flat at 7.7% Meanwhile, [...]

August 17, 2011 | 0 Comments More
UK inflation jumps to 4.4% in July

UK inflation jumps to 4.4% in July

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.4% last month after easing to 4.2% in June. Analysts had expected the figure to rise slightly to 4.3%. Higher inflation continues to be led by rising food costs – which grew by 6.2% in July, while clothes [...]

August 16, 2011 | 0 Comments More
US unemployment rate dips in July

US unemployment rate dips in July

The Labor Department has revealed the unemployment rate in the US dipped in July to 9.1%, down from 9.2% in June. The world’s largest economy created 117,000 jobs last month – much better than forecasts. Analysts had been expecting an increase of 85,000, while the unemployment rate was expected to remain at 9.2%. Manufacturing, retail, [...]

August 8, 2011 | 0 Comments More
Credit Suisse to reduce headcount by 2,000

Credit Suisse to reduce headcount by 2,000

Credit Suisse, which is Switzerland’s largest bank, has today revealed it will axe 2,000 jobs after unveiling poor results in the second quarter. The job cuts represent approximately 4% of its 50,700-strong global workforce. The Swiss banking giant has been hit by weak trading activity and the strong Swiss franc. Net profits dived to SwFr [...]

July 28, 2011 | 0 Comments More
Morgan Stanley shares rise after strong Q2 results

Morgan Stanley shares rise after strong Q2 results

Wall Street banking giant Morgan Stanley has today reported a rise in quarter two revenues – beating forecasts. The US bank reported a 17% rise in revenues for the three months to the end of June totalling $9.3 billion (£5.7 billion) - up from $8 billion in the same period a year ago. However, the [...]

July 21, 2011 | 0 Comments More
US existing home sales down in May

US existing home sales down in May

The US housing market remains depressed after figures today revealed sales of previously owned homes plunged 15% on an annual basis last month, according to the National Association of Realtors (NAR). The industry body also said sales were down 3.8% on the previous month to a seasonally adjusted annual rate of 4.81 million units – [...]

June 21, 2011 | 0 Comments More
Sainsbury’s reports strong sales despite challenging environment

Sainsbury’s reports strong sales despite challenging environment

June 15, 2011 | 0 Comments More
BCC revises growth prospects for UK economy

BCC revises growth prospects for UK economy

Leading business group, the British Chambers of Commerce (BCC), has downgraded its growth prospects for the UK economy. The BCC now expects the economy to grow by 1.3% this year, slightly lower than a previous forecast of 1.4%. The figures are much lower than the 1.7% expected by the Office of Budget Responsibility but are [...]

May 30, 2011 | 0 Comments More
OECD revises growth prospects for global economy

OECD revises growth prospects for global economy

The Paris-based Organisation for Economic Cooperation and Development (OECD) has revised its growth forecasts for the global economy. The US, which is the world’s largest economy, is expected to see growth this year of 2.6% - revised upwards from a previous estimate of 2.2%. It maintained its 2012 growth forecast at 3.1%. “Growth in the [...]

May 25, 2011 | 0 Comments More
M&S reports better than expected sales

M&S reports better than expected sales

British retailing giant Marks and Spencer (M&S) has today reported like-for-like sales, which strip out new store openings, grew 0.1% in the 13 week period to 2 April. The figures were marginally better than expected and sent shares up 13.3p today to 353.5p. The 127-year-old retailer which sells clothes, food and homewares said general merchandise [...]

April 6, 2011 | 0 Comments More
ONS: UK retail sales fall in February

ONS: UK retail sales fall in February

Retail sales fell last month - by a bigger than expected 0.8% on a monthly basis, the Office for National Statistics (ONS) has reported today. The fall followed a downwardly revised gain of 1.5% in January. Sales growth for January was attributed to heavy discounts and a rush to beat the VAT hike, which came [...]

March 24, 2011 | 0 Comments More
Japan core machinery orders surge in January

Japan core machinery orders surge in January

Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending – rose 4.2% in January on a monthly basis - easily beating expectations of a 3.1% increase. The increase in orders represented the second consecutive monthly rise, according to the Cabinet Office, and follows December’s 1.7% rise and [...]

March 9, 2011 | 0 Comments More
Airline profits will be hit by higher oil costs

Airline profits will be hit by higher oil costs

The International Air Transport Association (IATA) has again revised its forecasts for the airline industry. However, the forecasts have been revised on the back of surging oil prices, according to the industry body. IATA said global airlines will make a profit of $8.6 billion (£5.3 billion) for 2011 - down from the $9.1 billion it [...]

March 2, 2011 | 0 Comments More
Euro zone sentiment rises more than expected

Euro zone sentiment rises more than expected

A monthly survey by the European Commission has reported a rise in euro zone economic sentiment in February. The Indicator rose to 107.8 in February, up from 106.8 in January and exceeded forecasts of a reading of 106.8. In a statement, the Commission said: “The ESI (Economic Sentiment Indicator) is now above its long-term average [...]

February 24, 2011 | 0 Comments More
NAR reports rise in US homes sales in January

NAR reports rise in US homes sales in January

The National Association of Realtors (NAR) has revealed sales of previously owned homes in the US rose in January. The industry body said sales grew 2.7% in January to a seasonally adjusted annual rate of 5.36 million units – beating forecasts of 5.23 million units. Sales were also up 5.3% compared with January 2010 levels. [...]

February 24, 2011 | 0 Comments More
Germany sees 3.6% growth in 2010

Germany sees 3.6% growth in 2010

Germany, which is Europe’s largest economy, posted growth of 3.6% in 2010 - the strongest pace since German reunification in 1990, the Federal Statistical Office said today. Export demand helped to bring Germany out of recession in the second quarter of 2009 – much sooner than many of its counterparts throughout the world. “We grew [...]

January 12, 2011 | 0 Comments More
IATA continues to lift forecast for airline industry

IATA continues to lift forecast for airline industry

The International Air Transport Association (IATA) has again revised its forecasts for the airline industry. According to the industry body, global airlines will make a profit of $15.1 billion (£9.5 billion) this year. The figure is 70% higher than its previous forecast made in September and significantly better than its anticipated loss of $2.8 billion [...]

December 14, 2010 | 0 Comments More
US Fed unveils November minutes

US Fed unveils November minutes

November 24, 2010 | 0 Comments More