Tag: June

US house prices stabilising, consumer confidence dives

US house prices stabilising, consumer confidence dives

The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas fell in June on an annual basis, by 4.5% - albeit slower than the 4.6% drop in May. The figure was slightly better than the 4.6% decline expected by the market. The US housing market has remained subdued for some time now and many have [...]

August 31, 2011 | 0 Comments More
US trade deficit widens as exports slump

US trade deficit widens as exports slump

The US trade deficit swelled in June to $53.1 billion (£32.9 billion) from an upwardly revised $50.8 billion the previous month, as exports slumped. The deficit was much higher than the $48 billion expected by analysts. According to the Commerce Department, the trade deficit rose to the highest level since October 2008. Exports fell by [...]

August 11, 2011 | 0 Comments More
CML: Mortgage lending up in June

CML: Mortgage lending up in June

The Council of Mortgage Lenders (CML) has today reported the number of loans for house purchase rose in June. According to the Council, there were 46,700 loans advanced for house purchase in the month – a rise of 22% compared with the previous month but 11% lower on an annual basis. However, despite the annual [...]

August 10, 2011 | 0 Comments More
UK trade deficit widens in June

UK trade deficit widens in June

The Office for National Statistics (ONS) has today revealed the UK trade gap widened to £8.8 billion in June – the biggest deficit since December 2010 and higher than expectations of £8.1 billion. The figures come on the same day the ONS revealed UK factory output fell by 0.4% in June after rising by 1.8% [...]

August 9, 2011 | 0 Comments More
UK factory output falls in June

UK factory output falls in June

The Office for National Statistics (ONS) has today revealed UK factory output fell by 0.4% in June after rising by 1.8% in May. The reading surprised economists who had expected a 0.2% rise. Meanwhile, the ONS said out of 13 categories in manufacturing, five increased and eight fell with the biggest falls in transport equipment, [...]

August 9, 2011 | 0 Comments More
US consumer spending down in June

US consumer spending down in June

The Commerce Department has today reported an unexpected fall in consumer spending in the US for the month of June. Spending fell 0.2% on the month – the first fall in almost two years – suggesting the economic recovery is losing momentum. Furthermore, the figures confounded analysts’ expectations for a 0.1% increase. Consumer spending is [...]

August 2, 2011 | 0 Comments More
Japan’s economy continues recovery from earthquake and tsunami

Japan’s economy continues recovery from earthquake and tsunami

July 29, 2011 | 0 Comments More
Japan’s retail sales recover in June

Japan’s retail sales recover in June

July 28, 2011 | 0 Comments More
Weak mortgage lending continues

Weak mortgage lending continues

Annual growth in banks’ gross mortgage lending stood at £7.6 billion in June, with the figure 11% lower than a year earlier, according to the British Bankers’ Association (BBA). Early signs of growth in the buy-to-let market were evident but both house purchase and remortgaging approvals continued to be weak, and with repayments still at [...]

July 27, 2011 | 0 Comments More
HMRC: House sales see slight rise in June

HMRC: House sales see slight rise in June

HM Revenue & Customs (HMRC) has today revealed a marginal rise in the number of homes sold in June in the UK. According to HMRC, 73,000 homes worth at least £40,000 or more were sold in the month – 5,000 higher than May’s level of 68,000. However, it is 12,000 lower than June 2010’s figure. [...]

July 22, 2011 | 0 Comments More
UK public sector borrowing higher than forecasts in June

UK public sector borrowing higher than forecasts in June

The Office for National Statistics (ONS) has today revealed UK public sector borrowing rose last month. According to the ONS, public sector net borrowing rose to £14 billion last month compared with £13.6 billion June 2010. The figure was higher than analysts’ expectations and was attributed to a fall in income tax receipts. The figure [...]

July 21, 2011 | 0 Comments More
Nationwide: UK consumer confidence down in June

Nationwide: UK consumer confidence down in June

The latest survey from the Nationwide Building Society has revealed a fall in UK consumer confidence for the month of June. The building society’s consumer confidence index lost 4 points to 51 last month, which reverses some of the 11 point rise seen in May, which represented one of the largest gains on record. The [...]

July 21, 2011 | 0 Comments More
ONS: UK retail sales post modest rise in June

ONS: UK retail sales post modest rise in June

Early summer sales on the High Street have led to a modest rise in retail sales, the Office for National Statistics (ONS) said today. According to the ONS, like-for-like sales excluding petrol rose 0.8% in May, while they were 0.2% higher on an annual basis due to heavy discounting. The figures were broadly in line [...]

July 21, 2011 | 0 Comments More
Japan’s exports recover in June

Japan’s exports recover in June

Official figures today revealed Japan’s exports recovered last month as the economy starts to rebound from the devastating earthquake and tsunami, which hit on 11 March. Exports rose by 5.4% on a monthly basis but were 1.6% lower on an annual basis – but this represented the slowest fall in four months. Analysts had forecast [...]

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

US existing home sales down in June

The US housing market remains depressed after figures have revealed sales of previously owned homes fell 0.8% on a monthly basis to a 7-month low, according to the National Association of Realtors (NAR). The industry body said the fall in sales was attributed to contract cancellations with sales running at an annual rate of 4.77 [...]

July 21, 2011 | 0 Comments More
CML: Mortgage lending up 16% month-on-month

CML: Mortgage lending up 16% month-on-month

The Council of Mortgage Lenders (CML) has today reported a pick up in mortgage lending for the month of June. According to the Council, gross mortgage lending last month totalled £12.9 billion – this represented a 16% rise on a monthly basis but was 3% lower compared with June 2010. Meanwhile, the CML said mortgage [...]

July 20, 2011 | 0 Comments More
US consumer prices fall in June

US consumer prices fall in June

The Labor Department has revealed the US Consumer Price Index, the core rate of inflation, fell 0.2% in June. The fall was attributed to a drop in energy costs and was the first monthly fall in a year. Meanwhile, the annual inflation rate remained steady at 3.6%. However, the gain in core inflation (which strips [...]

July 18, 2011 | 0 Comments More
BRC: Retail sales down 0.6% in June

BRC: Retail sales down 0.6% in June

Retail sales fell in June as households continue to be squeezed by higher inflation and rising unemployment. According to the British Retail Consortium (BRC)/KPMG retail sales monitor, sales fell by 0.6% on an underlying basis last month, while total sales (including VAT) rose 1.5%. Food sales growth eased a little last month but a strong [...]

July 12, 2011 | 0 Comments More
UK inflation eases to 4.2% in June

UK inflation eases to 4.2% in June

The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) unexpected fell to annual rate of 4.2% last month from May’s 2½-year high of 4.5%. Analysts had expected the figure to remain at 4.5%. However, the figure remains more than double the target of 2% and has been above this level since December [...]

July 12, 2011 | 0 Comments More