Tag: quarter one

Ireland’s economy grows in Q1

Ireland’s economy grows in Q1

Figures today have revealed Ireland’s economy returned to growth in the January to March period, following a 1.4% contraction in the final quarter of last year. According to the Central Statistics Office, the economy grew by 1.3%, partly attributed to net exports, which grew 20% on an annual basis. However, consumer demand continues to be [...]

June 23, 2011 | 0 Comments More
UK Q1 economic growth figures remain unchanged

UK Q1 economic growth figures remain unchanged

The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.5% in the January to March period – unchanged from the first estimate last month. The figure is in line with market forecasts but is behind Chancellor George Osborne’s forecast of 0.8%. The reading suggests the recovery of the UK economy [...]

May 25, 2011 | 0 Comments More
HSBC reports rise in net profit

HSBC reports rise in net profit

Banking giant HSBC has today said net profits grew 58% to $4.153 billion in the three months to 31 March on lower taxes and bad debt charges. However, the bank, which is Europe’s largest, said the group’s pre-tax gains were driven down by rises in other exceptional costs – such as the £269 million it [...]

May 9, 2011 | 0 Comments More
Scotland’s economy stalls in Q1

Scotland’s economy stalls in Q1

April 14, 2011 | 0 Comments More
Australia’s unemployment rate holds steady at 5%

Australia’s unemployment rate holds steady at 5%

Figures today revealed Australia’s unemployment rate held steady at the 5% mark in January - despite the recent flooding which has affected farming and mining. According to the Australian Bureau of Statistics, the economy created 24,000 jobs in January. The Bureau comments: “Due to flooding in Queensland, operational difficulties were experienced in conducting the Labour [...]

February 10, 2011 | 0 Comments More
S&P affirms “AAA” rating for UK

S&P affirms “AAA” rating for UK

Rating agency Standard & Poor’s (S&P) today affirmed its “AAA” long-term rating on Britain but maintained its negative outlook on the long-term rating. Following the news, the pound fell to $1.5017 from $1.5068. Commenting on its announcement, S&P analysts Trevor Cullinan and David Beers, said: “The coalition government has set out what we view as [...]

July 12, 2010 | 0 Comments More
UK Q1 economic growth figures remain unchanged

UK Q1 economic growth figures remain unchanged

The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.3% in the January to March period – unchanged from the previously estimated figure, but marginally higher than the first estimate of 0.2%. Analysts had expected GDP to remain unchanged in the first quarter but many economists believe that economic growth [...]

July 12, 2010 | 0 Comments More
ONS to issue final estimate of Q1 growth tomorrow

ONS to issue final estimate of Q1 growth tomorrow

The Office for National Statistics (ONS) is tomorrow expected to leave its estimate of GDP in the January to March unchanged at 0.3%. Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by economists as an indication of the health of the economy. The figures were due to be released last [...]

July 11, 2010 | 0 Comments More
Q1 sales growth slows at M&S

Q1 sales growth slows at M&S

British retailing giant, Marks and Spencer (M&S), has today announced UK same-store sales grew in its first quarter (13 weeks to 3 July), while food sales rose 1.5% and general merchandise was 6% higher. While the figures represented the third quarter of sales growth in a row, it was slower than the 5.1% increase in [...]

July 7, 2010 | 0 Comments More
UK services sector growth slows

UK services sector growth slows

Growth in the UK’s closely-watched service sector slowed in June and hit its lowest level in 10 months. The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 54.4 in June, down from 55.4 in May. Not only did this represent the lowest level since August last year, [...]

July 5, 2010 | 0 Comments More
UK manufacturing activity drops from 15-year high in June

UK manufacturing activity drops from 15-year high in June

The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed from its 15-year high in June. The closely-watched CIPS/Markit manufacturing PMI dipped from 58 in May to 57.5 in June. The dip suggests the sector’s recovery may have peaked but it is still above the crucial 50 mark, which represents growth, [...]

July 1, 2010 | 0 Comments More
Turkey’s economic growth soars in Q1

Turkey’s economic growth soars in Q1

The Turkish Statistics Institute (TurkStat) has today revealed the Turkish economy expanded at a rate of 11.7% in the first quarter of 2010 on an annual basis. The figures indicate a strong recovery from a profound recession, which hit the wider global economy. Turkey’s economy emerged from recession in the final quarter of 2009, experiencing [...]

June 30, 2010 | 0 Comments More
US Q1 economic growth figures revised downwards

US Q1 economic growth figures revised downwards

The Commerce Department has today revealed the US economy grew by an annualised 2.7% in the January to March period – slightly lower than the 3.2% previously estimated. This figure is the third and final estimate and the downward revision was due to a slower rate of business investment and consumer spending. However, it still [...]

June 25, 2010 | 0 Comments More
Brazil’s economy expands 9% on year

Brazil’s economy expands 9% on year

Brazil’s economy, which is the biggest in Latin America, has posted growth of 9% in the first three months of 2010, compared with the same period a year earlier. The annual growth, which grew at the fastest rate since 1996, was boosted by capital spending and industrial growth, according to official figures from the Government’s [...]

June 8, 2010 | 0 Comments More
UK manufacturing activity maintains 15-year high

UK manufacturing activity maintains 15-year high

The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity growth held steady in May, at the 15-year high. The closely-watched CIPS/Markit manufacturing PMI remained unchanged at 58 last month. The index has exceeded the crucial 50 mark, which represents growth, since July 2009 and May’s figure just exceeded analysts’ expectations of [...]

June 1, 2010 | 0 Comments More
Canadian economy sees growth of 6.1% in Q1

Canadian economy sees growth of 6.1% in Q1

Statistics Canada announced today that the Canadian economy expanded by an annualised 6.1% in the first three months of 2010. The figure was slightly better than the 6% analysts had expected and comes after a 4.9% expansion in the final three months of 2009. The growth has led economists to believe that the Bank of [...]

May 31, 2010 | 0 Comments More
Indian economy continues to see high growth

Indian economy continues to see high growth

The Indian economy continues to perform strongly after figures showed annualised growth of 8.6% in the three months to March - primarily due to growth in manufacturing. The economy for the year ending March 2010 grew by 7.4% - slightly exceeding the Reserve Bank of India’s (RBI) forecast of 7.2%. Indian Finance Minister, Pranab Mukherjee, [...]

May 31, 2010 | 0 Comments More
Japanese economy surges 1.2% in Q1

Japanese economy surges 1.2% in Q1

The Cabinet Office has today announced that the world’s second largest economy expanded by 1.2% between January and March compared with the previous quarter - marking the fourth straight quarter of expansion. The growth was boosted by exports, while on an annual basis, growth was 4.9% - however, analysts had expected growth of between 5.4% [...]

May 20, 2010 | 0 Comments More
HSBC shares up on Q1 profit

HSBC shares up on Q1 profit

Europe’s largest bank HSBC has today announced underlying pre-tax profits for the first quarter of 2010 were well ahead on the same period a year ago. The bank, which does not report full quarterly results, said bad debts fell to their lowest level in two years, while its struggling US business made its first profit [...]

May 7, 2010 | 0 Comments More
Freddie Mac seeks further $10.6bn bailout

Freddie Mac seeks further $10.6bn bailout

US mortgage giant Freddie Mac, which was taken over by regulators at the height of the financial crisis, has asked for a further $10.6 billion in state aid. The company, which announced a $6.7 billion dollar loss in the first quarter, said it would need the new funding by the end of June. The latest [...]

May 6, 2010 | 0 Comments More