News Tag: third
November 23, 2010
The International Monetary Fund (IMF) has today announced that Greece has met the conditions of its loan and will therefore receive the third instalment of its bailout loan.
In May, the EU and the IMF agreed to loan €110 billion. The three-year rescue deal comprises €80 billion from the EU, with the rest coming from the IMF.
However, the crisis-torn ...
Greece set to receive third instalment of rescue loan
by Kay Murchie
October 13, 2010
Japanese core private-sector machinery orders – a highly volatile series seen as an indicator of corporate spending - surged 10.1% in August - confounding expectations of a 4.5% fall.
The increase in orders represented the third consecutive monthly rise, according to the Cabinet Office, and follows June’s 1.6% increase and July’s 8.8% growth.
The surprise figures boosted shares with Tokyo’s Nikkei ...
Japan core machinery orders in surprise rise
by Kay Murchie
September 30, 2010
The Commerce Department has today revealed the US economy grew by an annualised 1.7% in the April to June period – slightly higher than the previous estimate of 1.6%.
This figure is the third and final estimate for the second quarter and the upward revision was due to a higher rate of consumer spending, which was revised upwards to 2.2% - ...
US Q2 economic growth figures revised upwards
by Kay Murchie
Japanese industrial output falls for third straight month
by Kay Murchie
September 20, 2010
It appears the housing market is headed for a double dip after property website, Rightmove, reported a further fall in asking prices in September.
According to Rightmove, asking prices for residential property in England and Wales fell by 1.1% in the 5 weeks to 11 September - the third consecutively monthly fall.
It follows falls of 1.7% in August and ...
Asking prices down for 3rd straight month, say Rightmove
by Kay Murchie
August 3, 2010
The Reserve Bank of Australia (RBA) has again elected to leave interest rates on hold at 4.5% after a series of aggressive rate hikes since October.
It is the third consecutive month in which rates have been at this level but economists say the central bank will only leave rates on hold for the short-term.
Australia was the first economy ...
Australia continues to put brakes on rate hikes
by Kay Murchie
July 20, 2010
Official data from the Labor Department has today revealed that US consumer prices fell for the third consecutive month in June, by 0.1% on a monthly basis.
The fall was attributed to declines in energy prices, which were down 2.9%, food prices remained flat.
The fall in June followed declines of 0.1% and 0.2% in April and May respectively.
However, last month’s fall ...
US consumer prices fall further in June
by Kay Murchie
July 14, 2010
Industrial production in the euro zone increased for the third month in a row in May.
Industrial output rose by 0.9% from April and was 9.4% higher than in May 2009, according to European Union statistics agency Eurostat.
However, the figures missed forecasts of a 1.3% monthly rise and an 11.3% annual gain.
"May's euro zone industrial production data ...
Euro zone industrial production increases for third straight month
by Kay Murchie
July 11, 2010
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 month but due to a ...
ONS to issue final estimate of Q1 growth tomorrow
by Kay Murchie
June 2, 2010
The National Association of Realtors (NAR) today said its Pending Home Sales Index rose for the third consecutive month in April boosted by the expiration of a Government tax credit.
The NAR said the index rose 6% in April - far exceeding the 4.3% rise which many analysts had predicted.
However, the index is 22.4% higher than in ...
US Pending Home Sales Index rises for third straight month
by Kay Murchie
March 30, 2010
The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.4% in the October to December period - slightly higher than the 0.1% and the 0.3% previously estimated.
Today’s figures represent the third and final figures for growth in the fourth quarter and the ONS is scheduled release its first estimate of first quarter 2010 growth on ...
UK Q4 economic growth figures revised upwards
by Kay Murchie
March 23, 2010
The National Association of Realtors (NAR) has today revealed a further fall in sales of previously owned homes in the US for the month of February.
The industry body said sales fell 0.6% in the month to an annual rate of 5.02 million units (an eight-month low), down from 5.05 million the previous month.
February’s fall was the third consecutive month ...
NAR reports fall in US home sales
by Kay Murchie
March 11, 2010
Crisis-hit Greece has come to a standstill again today after workers staged the third general strike in as many weeks.
The further strike comes after austerity measures to rescue Greece’s debt-stricken economy angered Greek trade unions.
Greece is currently taking action to reduce its public deficit from 12% to 8% of GDP this year.
The country currently has the highest debt ...
Greece at standstill again in third general strike
by Kay Murchie
February 24, 2010
The Commerce Department has today revealed a fall in sales of new homes in the US for the month of January - the third consecutive month that sales have fallen.
According to the Commerce Department, new single-family home sales dived by 11.2% to a seasonally adjusted annual rate of 306,000 units - the lowest since records commenced in 1963.
The ...
US new home sales in third consecutive monthly fall
by Kay Murchie
February 5, 2010
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 15.6% to £50 million in the week to 30 January compared with the same period a year ago.
The renowned employee-owned department store said it was the third consecutive week of increased sales and ended a "cracking" January.
According to Managing Director, ...
John Lewis posts third straight week of growing sales
by Kay Murchie
January 8, 2010
Germany, which is Europe’s largest economy, saw exports rise for the third consecutive month in November.
Exports, on a seasonally adjusted basis, totalled €70.6 billion (£63 billion) during the month - an increase of 1.6% compared with the previous month.
The monthly gain was double economists' forecasts of a 0.8% rise and followed gains of 1.9% in October and 3.% in September.
The ...
German exports rise 1.6% in November
by Kay Murchie
December 1, 2009
Australia, which is one of the few developed economies not to have fallen into recession like its counterparts throughout the world, has increased interest rates from 3.5% to 3.75%.
It is the third month in a row that interest rates have increased and the move was not unexpected.
The Australian economy has benefited from an increase in commodity prices, while ...
Australia raises interest rates for third consecutive month
by Kay Murchie
October 16, 2009
There are signs of recovery within the US manufacturing sector after the Federal Reserve reported a rise in industrial production for the month of September.
The US central bank said output at the nation's factories, mines and utilities grew 0.7% during the month - higher than the 0.2% rise expected by analysts and follows the rise of 1.2% in August.
However, ...
US industrial production sees third straight monthly gain
by Kay Murchie
‘Worst of recession over’ as Google exceeds expectations
by Kay Murchie
April 6, 2009
Japan has today announced a fiscal stimulus plan of 10 trillion yen (£66 billion, $99 billion) in an attempt to drag the country out of recession.
The export-dependent economy, which was once seen as relatively unscathed by the global financial crisis, is being hit by a slump in demand for its products overseas.
Many economists believe the economy is heading ...
Japan announces further stimulus package to tackle recession
by Kay Murchie
Economy News
