Tag: May

US trade deficit widens as oil imports surge

US trade deficit widens as oil imports surge

The US trade deficit swelled in May to $50.2 billion (£31.7 billion) from $43.6 billion the previous month, as oil imports surged. According to the Commerce Department, the trade deficit rose to the highest level since October 2008. Exports fell by 0.5% on a monthly basis to $174.9 billion, while imports rose by 2.6% on [...]

July 13, 2011 | 0 Comments More
UK trade deficit widens in May

UK trade deficit widens in May

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit widened in May to £8.48 billion from a revised £7.6 billion in April. The figures surprised economists who had expected the trade gap to narrow to £7.3 billion. Meanwhile, the ONS said exports rose by 4.2% on a monthly basis to £25.4 [...]

July 12, 2011 | 0 Comments More
CML: Mortgage approvals higher in May

CML: Mortgage approvals higher in May

The Council of Mortgage Lenders (CML) has reported that the number of loans for house purchase rose in May. According to the Council, there were 41,500 loans worth £5.9 billion advanced for house purchase in the month, up from 40,800 in April. However, the figure remains lower than the 43,800 loans advanced in May 2010. [...]

July 12, 2011 | 0 Comments More
German exports recover in May

German exports recover in May

Statistics office Destatis has today revealed German exports and imports recovered in May, giving a trade balance of €14.8 billion from €10.8 billion the previous month. According to Destatis, exports were 4.3% higher on the month at €92.1 billion (£82 billion), higher than forecasts of a 1.5% rise and recovering from April’s fall of 5.6%. [...]

July 8, 2011 | 0 Comments More
Japan’s current account surplus down 52% in May

Japan’s current account surplus down 52% in May

July 8, 2011 | 0 Comments More
UK manufacturing output recovers in May

UK manufacturing output recovers in May

The Office for National Statistics (ONS) has today revealed UK industrial output grew at its fastest rate since March 2010 last month after plunging in April due to the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain. April’s fall represented the biggest since August 2009. However, output rose [...]

July 7, 2011 | 0 Comments More
Euro zone retail sales fall in May

Euro zone retail sales fall in May

Retail sales in the 17-member euro zone fell in May as consumers cut back on spending in the face of higher inflation and rising unemployment. According to the European Union’s statistics, Eurostat, sales in the euro zone fell 1.1% in May on a monthly basis – the biggest fall since April 2010 – with the [...]

July 5, 2011 | 0 Comments More
UK service sector growth sees slight rise in June

UK service sector growth sees slight rise in June

Growth in the UK’s closely-watched service sector rose slightly last month, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) edged higher to 53.9 in June from May’s three-month low of 53.8. The result confounded analysts’ expectations of a fall to 53.5. The index continues to remain above [...]

July 5, 2011 | 0 Comments More
Australian retail sales in surprise fall in May

Australian retail sales in surprise fall in May

Australia’s Bureau of Statistics today revealed retail sales showed a surprise fall in May sending the dollar and shares down after the announcement. Sales suffered the largest fall in seven months, declining by 0.6% on a monthly basis, confounding analysts’ expectations of a 0.3% rise. According to analysts, today’s figures will lead the Reserve Bank [...]

July 4, 2011 | 0 Comments More
Japan CPI rises for second consecutive month

Japan CPI rises for second consecutive month

The Statistics Bureau has today revealed Japan’s core consumer price index (CPI) rose by 0.6% in May on an annual basis – the second consecutive monthly rise due to higher commodity prices. The rise was higher than forecasts of a 0.5% gain and comes after the 0.6% rise in April – which represented the first [...]

July 1, 2011 | 0 Comments More
BoE: Mortgage approvals remain weak in May

BoE: Mortgage approvals remain weak in May

The Bank of England has today revealed mortgage approvals remained weak in May. According to the Bank, there were 45,940 loans approved in the month – slightly higher than April’s 45,447 but lower than forecasts of a level of 46,100. Furthermore, May’s figure was lower than the average for the previous six months. Today’s figures [...]

June 29, 2011 | 0 Comments More
Japan’s industrial output recovers further in May

Japan’s industrial output recovers further in May

Japan’s industrial output recovered further last month after a record drop in March due to the earthquake and tsunami. Disruptions caused by the twin disasters resulted in carmakers being forced to halt production as a result of parts shortages. However, it looks as if the situation is improving for manufacturers after output rose at a [...]

June 29, 2011 | 0 Comments More
Japan’s retail sales fall in May

Japan’s retail sales fall in May

June 28, 2011 | 0 Comments More
US consumer spending unchanged in May

US consumer spending unchanged in May

The Commerce Department has today reported consumer spending in the US was flat in May. This was the first month since September 2009 that there was no growth, surprising analysts who had expected a 0.1% rise. Consumer spending is closely monitored as it accounts for approximately 70% of total economic output. However, many analysts said [...]

June 27, 2011 | 0 Comments More
US new home sales fall in May

US new home sales fall in May

The Commerce Department has today revealed sales of new homes in the US fell, suggesting the housing market remains depressed. According to the Commerce Department, new single-family home sales fell by 2.1% in May on a monthly basis to an annual rate of 319,000 units, after two consecutive months of gains. However, despite the fall, [...]

June 23, 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
HMRC: House sales continue to fall in May

HMRC: House sales continue to fall in May

HM Revenue & Customs (HMRC) has today revealed a further fall in the number of homes sold in May in the UK. According to HMRC, 68,000 homes worth at least £40,000 or more were sold in the month – 2,000 lower than the revised total of April and 3,000 lower when compared with May 2010. [...]

June 21, 2011 | 0 Comments More
China property prices ease in May

China property prices ease in May

Official figures today revealed China house prices slowed in May, suggesting the Government’s attempts to cool house prices is taking effect. The Government has launched several initiatives to avoid a property bubble. It recently announced plans to introduce a property tax, while making it more expensive to buy second homes, by lifting the minimum down [...]

June 20, 2011 | 0 Comments More
CML: Mortgage lending rebounds in May

CML: Mortgage lending rebounds in May

The Council of Mortgage Lenders (CML) today reported a rise in mortgage lending for the month of May. According to the Council, mortgage lending rose 12% in May compared with April as demand was boosted by the public bank holidays. Gross mortgage lending in the month totalled £11.3 billion, said the CML. The figure was [...]

June 20, 2011 | 0 Comments More
Survey reveals rents continue to surge

Survey reveals rents continue to surge

A survey by LSL Property Services has revealed rents in England and Wales continue to rise, with the average rent hitting almost £700 last month. May represented the fourth consecutive month that the average rental cost rose. According to LSL, the average rent stands at £696 – 4.4% higher than this time last year. However, [...]

June 17, 2011 | 0 Comments More