|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Friday 11th of February 2011

News Tag: slowdown

January 28, 2011

John Lewis sees further slowdown in weekly sales

by Kay Murchie
”John
There is further evidence today of a slowdown in consumer spending after the John Lewis Partnership, which is regarded as a barometer of British retailing, reported a further fall in weekly sales. The renowned employee-owned department store said department store sales fell 2.2% to £50.1 million in the week to 22 January. In the week to 15 January, the department store ...



January 26, 2011

South Korea economic growth slows in Q4

by Kay Murchie
”South
South Korea‘s economy, which is Asia’s fourth-largest, saw growth slow to 0.5% in the October to December period. Last year, the economy expanded strongly - boosted by exports and increasing consumption and facilities investment. However, retail spending and manufacturing and construction slowed, which was attributed to the slowdown. The Bank of Korea were optimistic about the figures, however, and said growth will pick ...



January 12, 2011

BoE not expected to make a move on interest rates or QE

by Kay Murchie
’BoE
According to economists, the Bank of England is widely expected to keep interest rates on hold this month. The Monetary Policy Committee (MPC) commences its two-day meeting today and interest rates are expected to be kept at the historic low of 0.5% – where they have been for almost two years. In addition, analysts expect no movement ...



December 20, 2010

Bad weather could hurt UK economy

by Kay Murchie
Bad weather could hurt UK economy
Economists have today warned that the big freeze could hit the UK economy, impacting negatively on growth. In particular, retailers have been badly affected this weekend by a lack of shoppers, who opted to stay home due to the snow and ice. This weekend should have been the busiest of the year for retailers but the big freeze has meant consumers have struggled ...



December 7, 2010

BRC reveals slowdown in November retail sales

by Kay Murchie
”BRC
Falling temperatures led to a slowdown in retail sales in November, the British Retail Consortium (BRC) revealed today. According to the BRC, values were just 0.7% higher compared with November 2009 as consumers are cautious about the uncertainty surrounding the economy and are fearful of spending cuts and rising taxes. The cold weather and snowfall that swept much of the country late ...



November 26, 2010

Japanese deflation worries persist

by Kay Murchie
”Japanese
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 surprised analysts but the Bank’s measures reflected its concern about ...



November 24, 2010

HMRC: House sales down in October

by Kay Murchie
HMRC: House sales down in October
HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in October in the UK. According to HMRC, 79,000 homes worth at least £40,000 or more were sold in the month, a fall of 11% on an annual basis. While it was 1,000 higher from September’s figure, it is evident that the housing market is in ...



UK Q3 economic growth figures remain unchanged

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.8% in the July to September period – unrevised from its initial estimate last month. Today’s estimate is the second reading, a third and final estimate will be available next month. The ONS also confirmed that the economy grew by 2.8% on an annual basis. According to the ONS, ...



November 17, 2010

Barratt hit as buyer demand continues to weaken

by Kay Murchie
Barratt hit as buyer demand continues to weaken
Barratt Developments is the latest housebuilder to report a slowdown in the housing market as buyer demand continues to fall. The group’s chief executive, Mark Clare, said the traditional autumn period has been “weaker than anticipated”. Government spending cuts, and the uncertainty surrounding the economy, have also had a major impact as buyers adopt a “wait and see” approach. Barratt, which is ...



November 16, 2010

Taylor Wimpey sees trading in line with expectations

by Kay Murchie
Taylor Wimpey sees trading in line with expectations
Housebuilder Taylor Wimpey today said it had experienced a homebuyer slowdown, as a result of the Government’s spending cuts, which has deterred potential buyers. Its comments echo those of Persimmon who yesterday said there was little evidence of the traditional autumn period which usually sees families flock to new housing developments as the school summer holidays end. However, Taylor Wimpey, which ...



November 15, 2010

Rightmove: Vendors show eagerness to move before Christmas

by Kay Murchie
Rightmove: Vendors show eagerness to move before Christmas
Property website, Rightmove, has today reported a major fall in asking prices in November - as vendors cut their prices amid desperation to sell their property before the Christmas slowdown. According to Rightmove, asking prices for residential property in England and Wales fell 3.2% in the month - the biggest drop since December 2007. The property website also noted that ...



November 12, 2010

Italian growth slows in Q3

by Kay Murchie
Italian growth slows in Q3
Official figures today showed Italian economic growth slowed in the July to September period. Italy’s statistics office, Istat, said the economy expanded by 0.2% in the third quarter, slowing from the 0.5% growth recorded in the second quarter. The growth rate was half the 0.4% expected by analysts. On an annual basis, meanwhile, the economy grew by 1% - again missing expectations of a ...



October 7, 2010

UK manufacturing output continues recovery in August

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed UK manufacturing output grew by 0.3% in August compared with July - the highest gain since November 2008. Not only was this better than the 0.2% rise expected by analysts, it follows the revised 0.4% gain in July. Out of 13 categories of manufacturing, nine grew and four declined, with positive contributions from ...



September 28, 2010

UK Q2 GDP final estimate due today

by Kay Murchie
”UK
The Office for National Statistics (ONS) will today issue its final reading for UK quarter two economic growth. However, there is expected to be no revision to 1.2% growth for the April to June period. Growth in the second quarter exceeded many expectations but growth in the second half of the year is expected to be slow, due to massive spending cuts ...



September 9, 2010

Double-dip recession unlikely, says OECD

by Kay Murchie
”Double-dip
Influential think tank, the Organisation for Economic Co-operation and Development (OECD), has today said the global economic recovery is slowing faster and has therefore revised its growth forecast downwards for the G7 leading economies. However, the think tank has said a return to recession is unlikely but "great uncertainty" remains. It has therefore slightly revised its growth forecast for 2010 for the G7 nations ...



September 8, 2010

Canada raises interest rates to 1%

by Kay Murchie
”Canada
The Bank of Canada has elected to raise interest rates for the third time in as many months, despite a slowdown in economic growth. The Bank raised rates from 0.75% to 1% but explained that further rate hikes would need to be carefully considered because of an uncertain outlook. The rise comes just a week after it emerged that economic growth slowed ...



August 19, 2010

Canadian economic growth eases

by Kay Murchie
”Canadian
A report by Statistics Canada has today revealed the economy slowed, due to a slowdown in the housing market. The Statistics Canada leading economic indicator index (a monthly gauge of where the economy appears headed in the coming months) eased to 0.4% in July, following a rise of 0.7% in June. The slowdown in growth was attributed to a decline in the housing market, after ...



August 3, 2010

US consumer spending flat in June

by Kay Murchie
”US
According to the Commerce Department, consumer spending in the US remained flat in June. Households in the US continue to be squeezed amid higher unemployment. Consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was unchanged from May. Meanwhile, incomes failed to increase for the first time since September. Last week, official figures revealed the US economy ...



August 2, 2010

Chinese manufacturing sees further slowdown in July

by Kay Murchie
”Chinese
There is further evidence today that China’s economy is cooling after two official independent surveys revealed a slowdown in manufacturing activity. Firstly, the HSBC China Manufacturing purchasing managers index (PMI), fell to 49.4 in July from 50.4 in June. As a result, manufacturing contracted for the first time in 16 months as any reading below the crucial 50 mark means the sector ...



July 15, 2010

Chinese economic growth slows in Q2

by Kay Murchie
”Chinese
It appears the world’s third largest economy is cooling after official figures revealed Chinese annual GDP slowed from 11.9% in the first quarter to 10.3% in the March to June period, the National Bureau of Statistics (NBS) said today. The reading was marginally lower than the 10.5% expected by analysts. China’s economy has been growing at an alarming rate and analysts recently ...



Next Page »