Tag: monthly

Bank of England: Home repossessions to stay low

Bank of England: Home repossessions to stay low

According to Sir Mervyn King, the Governor of the Bank of England, a surge in home repossessions is unlikely as UK interest rates are set to remain low. Repossessions have fallen over recent times and many experts have previously argued that homeowners have been saved from repossession because of historically low interest rates, which has [...]

June 28, 2011 | 0 Comments More
UK car sales continue downward trend

UK car sales continue downward trend

The Society of Motor Manufacturers and Traders (SMMT) has revealed UK car sales fell by 7.7% in February compared with the same month in 2010. However, traditionally February is a quiet month for the car industry, with many waiting for the new number plate in March. The continuous fall in sales was expected due to [...]

March 10, 2011 | 0 Comments More
US consumer spending up in December

US consumer spending up in December

The Commerce Department has reported a further rise in consumer spending in the US for the month of December. Spending grew 0.7% in the month after rising by 0.3% in November, the sixth consecutive monthly rise. The ongoing rise in consumer spending suggest a sustainable recovery is underway in the world‘s largest economy. Consumer spending [...]

January 31, 2011 | 0 Comments More
UK car sales continue downward trend in November

UK car sales continue downward trend in November

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales fell by 11.5% in November compared with the same month in 2009. It represents the fifth consecutive monthly fall and came despite the forthcoming VAT hike, which was expected to boost sales towards the end of the year. The SMMT said [...]

December 6, 2010 | 0 Comments More
Japanese deflation worries persist

Japanese deflation worries persist

Official figures today showed the Japanese economy continues to battle with deflation. Figures revealed Japanese core consumer prices fell 0.6% in October compared with a year ago – representing the 20th consecutive monthly decline that the economy has been in deflation. Last month, the Bank of Japan cut interest rates to almost zero. The move [...]

November 26, 2010 | 0 Comments More
Survey reveals rise in mortgage struggles

Survey reveals rise in mortgage struggles

According to housing charity, Shelter, there has been an increase in the number of mortgage holders who are struggling to meet their monthly repayments. A survey carried out by YouGov shows that three million people are struggling each month with their mortgage repayments - a staggering increase of 80% compared with a year ago. Worryingly, [...]

November 11, 2010 | 0 Comments More
UK car sales continue downward trend

UK car sales continue downward trend

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales fell by 22.2% in October compared with the same month in 2009. It represents the fourth consecutive monthly fall but was expected due to the withdrawal of the scrappage scheme. The SMMT said the number of new cars sold in the [...]

November 4, 2010 | 0 Comments More
Official: annual house price inflation 5.2%

Official: annual house price inflation 5.2%

The Land Registry has reported annual house price growth of 5.2% across England and Wales in September, marking the eleventh consecutive month in which annual property price inflation has remained above zero. However, the value of the typical home was at its lowest since December 2009 and the monthly change of -0.2% was the first [...]

October 29, 2010 | 0 Comments More
Retail sales in surprise fall in September

Retail sales in surprise fall in September

The Office for National Statistics (ONS) has today reported a decline in UK retail sales for the month of September - the second monthly fall. According to the ONS, retail sales dipped 0.2% last month and followed a downwardly revised fall of 0.7% in August. The fall was attributed to weak demand for clothing and [...]

October 21, 2010 | 0 Comments More
European car sales fall in September

European car sales fall in September

The European Automobile Manufacturers Association (ACEA) has revealed registrations of new cars in Europe fell in September on year. According to the ACEA, 1.26 million cars were registered, a fall of 9.2% on last year’s levels. September represents the sixth consecutive monthly fall as incentive schemes to boost the ailing car industry have expired. In [...]

October 17, 2010 | 0 Comments More
Manufacturing outlook positive as exports rebound

Manufacturing outlook positive as exports rebound

The Confederation of British Industry’s (CBI) monthly industrial trends survey has today provided a positive outlook for the manufacturing sector. The CBI’s order book balance rose to -14 this month from -16 in July. While this indicates that orders are still declining, it represented the slowest pace in two years. Meanwhile, the export order book [...]

August 19, 2010 | 0 Comments More
Error raises mortgage payments for Clydesdale and Yorkshire customers

Error raises mortgage payments for Clydesdale and Yorkshire customers

Some Clydesdale and Yorkshire Bank customers are facing increased mortgage costs because of a systems error. According to reports, around 18,000 variable rate borrowers can expect their repayments to rise by between just few pounds and hundreds of pounds a month. However, for half of those affected the monthly penalty should be below £25. Clydesdale’s [...]

July 21, 2010 | 0 Comments More
CBI: Consumers stock up on food and TVs for World Cup

CBI: Consumers stock up on food and TVs for World Cup

A survey by the Confederation of British Industry (CBI) today revealed a mixed June for retail sales with footwear stores hit but food and electrical retailers experienced good growth. According to the CBI’s monthly distributive trades survey, over one third of retailers reported a rise in the volume of sales during the first two weeks [...]

June 23, 2010 | 0 Comments More
Official annual house price inflation at 7.5%

Official annual house price inflation at 7.5%

The Land Registry has published house price data for March showing a positive annual change of 7.5% and marking the fifth consecutive month of growth. However, the monthly change stood at minus 0.6%, taking the average house price in England and Wales down slightly, to £164,288. The East Midlands was the region with the most [...]

April 30, 2010 | 0 Comments More
February house prices show 7% annual gain

February house prices show 7% annual gain

In February, the value of the average home in England and Wales rose 7% year-on-year, to £164,455, according to new figures from the Land Registry. The increase points towards a “strengthening in the housing market”, although the monthly house price change was negative, at -0.3%. On a regional basis, Wales was the region with the [...]

March 28, 2010 | 0 Comments More
Weak manufacturing data sends FTSE down

Weak manufacturing data sends FTSE down

The Chartered Institute of Purchasing & Supply’s monthly index of manufacturing fell to 49.7 in August from 50.2 in July - a figure below 50 indicates contraction. Today’s figures have surprised many analysts who predicted a rise to 51.5, after growth was reported in July for the first time since April last year. Meanwhile, the [...]

September 1, 2009 | 0 Comments More
Official figures show house price slide easing to 0.2%

Official figures show house price slide easing to 0.2%

Latest figures from the Land Registry show house prices in England and Wales declining by 0.2% in May, with the average property worth £152,497. While the monthly change remained negative, the rate of fall eased from 0.3% in April and the annual rate of decline fell back to 15.9% compared with 16.2% in April. In [...]

June 26, 2009 | 0 Comments More
Nationwide house price index down an annual 17.6%

Nationwide house price index down an annual 17.6%

Nationwide has reported a 1.8% fall in UK house prices, in February. The lender’s monthly index puts the average cost of home at £147,746, or 17.6% less than a year ago (£179,358). The building society’s chief economist, Fionnuala Earley, suggests that a combination of falling prices and interest rates could mean that when confidence returns [...]

February 26, 2009 | 0 Comments More
Land Registry detects 12.2% slide in house prices

Land Registry detects 12.2% slide in house prices

The official record of the collapse of the housing market in England and Wales has been updated by latest figures from the Land Registry. In November, the Registry noted a 1.9% fall in the average cost of a home, taking the annual decline to 12.2%. The pace of decline accelerated in October when prices fell [...]

December 30, 2008 | 0 Comments More