Tag: narrow

Northern Rock losses narrow

Northern Rock losses narrow

Nationalised lender Northern Rock Plc has today unveiled its results for the half-year. The crisis-torn bank, which was the first victim of the credit crunch, said pre-tax profits for the six months to 30 June totalled £68.5 million, against a loss of £142.6 million in the same period a year ago. However, lending was lower [...]

August 3, 2011 | 0 Comments More
US trade deficit narrows in April

US trade deficit narrows in April

The US trade deficit narrowed sharply in April, figures showed today, due to a record increase in exports. According to the Commerce Department, the trade deficit narrowed to $43.7 billion from March’s figure of $46.8 billion – surprising analysts who had expected a rise to $48.7 billion. Exports rose 1.3% on a monthly basis to [...]

June 9, 2011 | 0 Comments More
Australian retail sales recover in April

Australian retail sales recover in April

Australia’s Bureau of Statistics today revealed retail sales recovered in April, hitting a 17-month high. Sales grew 1.1% in April on a monthly basis – the biggest rise since November 2009 and nearly three times more than expected. The figures come just a day after the Bureau revealed the economy contracted in the first quarter [...]

June 2, 2011 | 0 Comments More
UK trade deficit narrows in February

UK trade deficit narrows in February

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed in February. According to the ONS, the global goods trade gap narrowed to £6.8 billion in the month from £7.8 billion in January. Analysts had expected a widening in the deficit to £8.1 million. Stripping out oil and erratic items, the [...]

April 12, 2011 | 0 Comments More
UK trade gap narrows more than expected in January

UK trade gap narrows more than expected in January

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed more than expected in January, as exports surged. According to the ONS, the global goods trade gap narrowed to £7.09 billion in the month from £9.69 billion in December. The deficit represents the smallest in almost a year and economists had [...]

March 9, 2011 | 0 Comments More
China’s trade surplus narrows in December

China’s trade surplus narrows in December

Figures today from the customs authorities revealed Chinese exports surged 17.9% in December to $154.15 billion on an annual basis. However, this was much slower than the 34.9% rise reported in November. Imports, meanwhile, also rose, by 25.6% on a yearly basis to $141.07 billion, narrowing the country’s controversial trade surplus to $13.1 billion in [...]

January 10, 2011 | 0 Comments More
US trade deficit narrows sharply

US trade deficit narrows sharply

December 13, 2010 | 0 Comments More
US trade deficit narrows in September

US trade deficit narrows in September

The Commerce Department today announced the US trade deficit narrowed by 5.3% in September to $44 billion - slightly less than the $45 billion expected by analysts. The figures led to a politically sensitive gap with China of $27.8 billion – hovering near a record high. The previous record trade deficit with China was $27.9 [...]

November 10, 2010 | 0 Comments More
UK trade deficit narrows in September

UK trade deficit narrows in September

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed slightly in September as exports outpaced imports. According to the ONS, the goods trade gap narrowed to £8.2 billion in September, down from the £8.5 billion reported in August and July. Analysts had expected a deficit of £8 billion. The ONS [...]

November 9, 2010 | 0 Comments More
China’s trade surplus narrows further in September

China’s trade surplus narrows further in September

October 13, 2010 | 0 Comments More
UK trade deficit narrows in August

UK trade deficit narrows in August

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed slightly in August, after reaching a five-year high the previous month. According to the ONS, the goods trade gap widened to £8.2 billion in August, down from the £8.7 billion reported in July. Analysts had expected a deficit of £8.05 billion. [...]

October 12, 2010 | 0 Comments More
China’s trade surplus narrows in August

China’s trade surplus narrows in August

China’s trade surplus narrowed to $20 billion (£13 billion) last month as imports surged ahead. However, August still represented the third consecutive month in which China’s trade surplus exceeding $20 billion. Imports soared 35.2% on an annual basis - far exceeding the 26.1% expected by analysts. Meanwhile, exports slowed to 34.4% on an annual basis, [...]

September 10, 2010 | 0 Comments More
US trade deficit narrows in July

US trade deficit narrows in July

The Commerce Department today announced the US trade deficit narrowed in July by 14% to $42.8 billion (£27.8 billion) from $49.90 billion the previous month. The figure is much improved from June’s figure when the trade gap reached a 20-month high. According to the Commerce Department, the narrowing in the trade deficit was primarily due [...]

September 9, 2010 | 0 Comments More
UK trade deficit narrows in June

UK trade deficit narrows in June

The Office for National Statistics (ONS) has today revealed the UK’s trade gap narrowed in June, due to a surge in exports. According to the ONS, exports of goods to non-EU countries were at an all-time high at £10.750 billion, while exports to the rest of the world were the highest in almost two years [...]

August 10, 2010 | 0 Comments More
UK trade deficit narrows in February

UK trade deficit narrows in February

The Office for National Statistics (ONS) has today revealed the UK’s trade gap narrowed in February, due to a recovery in exports. According to the ONS, goods exports surged 9.5% in February, following on from a wintry January which affected trade. The ONS said the February deficit on goods trade narrowed to £6.17 billion, down [...]

April 13, 2010 | 0 Comments More
Northern Rock sees losses narrow

Northern Rock sees losses narrow

State-owned bank Northern Rock has today announced losses for the 2009 year fell to £258 million, compared with £1.36 billion in the previous year. Despite the loss, the Newcastle-based bank said it is awarding staff £14.9m in bonuses but Gary Hoffman, the chief executive of Northern Rock, is waiving his payout. Northern Rock said Mr [...]

March 10, 2010 | 0 Comments More
Further hopes of recovery as UK exports rise

Further hopes of recovery as UK exports rise

The Office for National Statistics (ONS) has today reported that British exports rose at their fastest monthly pace in July, bringing further hopes of a recovery. According to the ONS, exports rose 5% on the month to £19.187 billion - the fastest rise since January 2008, while the value of imports grew by 3.5% to [...]

September 9, 2009 | 0 Comments More