Welcome Visitor! Register with us to review, join our growing community and use our broker search.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.

House prices in the England and Wales continued to rise at a faster rate in July, latest data from the Land Registry revealed Friday.

House prices rose 7.2 percent annually following 6.9 percent increase in June. The latest rise was the biggest since June 2010, when prices climbed 7.7 percent.

Month-on-month, house prices grew 1.7 percent in July, after a 0.5 percent climb in June. That equaled the increase in house prices seen in July 2009.

The average house price in England and Wales was GBP 175,653 during July.

House prices in London jumped 19.3 percent annually, making the property market in the capital considerably expensive than other regions. That was the biggest increase since February 2003, when prices surged 20.3 percent.

...
Continue reading

Reflecting an upward revision from a preliminary reading, Thomson Reuters and the University of Michigan released a report on Friday showing that consumer sentiment unexpectedly improved in the month of August.

The final August reading on the consumer-sentiment index rose to 82.5 from a final July level of 81.8

Economists expected the Reuters/University of Michigan final sentiment index for August to hit 80.2, a bit better than the preliminary result of 79.2.

"Consumer confidence rebounded in late August due to a positive reassessment of prospects for the national economy,'' survey director Richard Curtin said in a statement.

However, "A weakened trend in equity and home prices in the absence of resurgent wages would threaten the modest pace of consumer spending that is now expected.''

...
Continue reading

Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving.

Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.

Statistics issued by the U.S. Commerce Department showed that personal spending declined 0.1 percent in July. That followed an increase of 0.4 percent in the previous month. Economists had expected the figure to rise by 0.2 percent.

Personal income rose for the month, though at a slower pace than economists had projected. The figure climbed 0.2 percent in the period, following an increase of 0.5 percent in June. Experts had projected a rise of 0.3 percent.

The personal savings rate rose to 5.7 percent, compared with 5.4 percent in June.

...
Continue reading

India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday.

Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months.

All main economic sectors recorded growth during the quarter with the services sector logging the biggest increase of 10.4 percent. That was followed by 10.2 percent growth in output in the utilities sector.

The crucial manufacturing and mining sectors rebounded during the June quarter, marking gains of 3.5 percent and 2.1 percent, respectively. Construction sector output rose 4.8 percent. Farm output increased 3.8 percent.

The Reserve Bank of India expects that economic growth in the range of 5-6 percent can be sustained in 2014-15.

...
Continue reading

Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs.

The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.

Inflation eased to 0.3 percent from 0.4 percent in July, flash report from Eurostat revealed Friday. The rate came in line with economists' expectations. It was the lowest inflation rate after prices started rising since November 2009.

Inflation has moved further down from the European Central Bank's target of 'below but close to 2 percent.'

Meanwhile, core inflation that excludes prices of energy, food, alcohol and tobacco, rose marginally to 0.9 percent in August from 0.8 percent in July.

...
Continue reading

Latvia's retail sales growth accelerated for the second straight month in July, figures from the Central Statistical Bureau showed Friday.

Retail sales rose a calender-adjusted 3.9 percent year-on-year in July, faster than June's 2.8 percent increase. In May, sales rose 2.4 percent.

Sale of food products grew 4.7 percent annually in July and those of non food products rose by 3.3 percent.

On a monthly basis, retail sales rose a seasonally-adjusted 2.2 percent in July, in contrast to a 0.4 percent fall in the previous month. It was the first decline in three months.

In the January to July period, total retail sales rose a calender adjusted 3.8 percent compared to the same period last year.

...
Continue reading

Lithuania's second quarter economic growth equaled the pace of expansion in the first three months of the year, revised figures from the statistical office showed Friday.

Gross domestic product grew a seasonally-and-working day adjusted 3.1 percent year-on-year, same as in the first quarter. Initially, the second quarter growth was reported as 3 percent.

Quarter-on-quarter, GDP rose 0.8 percent in the second quarter, faster than the first quarter's 0.7 percent in the previous three months. The second quarter expansion was revised from 0.7 percent.

by RTT Staff Writer

For comments and feedback: This email address is being protected from spambots. You need JavaScript enabled to view it.

...
Continue reading

Slovenia's economy grew at a faster pace in the second quarter, figures from the Statistical Office Of the Republic Of Slovenia showed Friday.

Gross domestic product grew an unadjusted 2.9 percent year-on-year, after a revised 2.1 percent expansion in the first quarter of this year. It was third consecutive quarter of growth.

Gross capital formation climbed 8.0 percent in the current quarter, much faster than a 2.5 percent growth in the preceding three-month period.

Imports grew at a stable rate, by 3.3 percent, while exports rose 5.2 percent in the second quarter.

After seasonal adjustments, GDP grew 2.8 percent year-on-year in the second quarter, following a 1.9 percent gain in the first quarter of this year.

...
Continue reading

Slovenia's retail sales rose in July, preliminary figures from the Statistical Office of the Republic of Slovenia showed Friday.

Retail sales volume moved up 2.3 percent year-on-year in July. Sales, except automotive fuel, edged up 0.1 percent annually in July. Sale of food, beverages and tobacco dropped by 2.7 percent.

On a monthly basis, retail sales rose 1.5 percent in July.

by RTT Staff Writer

For comments and feedback: This email address is being protected from spambots. You need JavaScript enabled to view it.

...
Continue reading

Czech gross domestic product growth stagnated in the second quarter as estimated earlier, final data from the Czech Statistical Office showed Friday.

On a quarter-over-quarter basis, GDP was unchanged in the second quarter, confirming the flash estimate. In the previous quarter, GDP had risen 0.8 percent.

GDP rose 2.7 percent year-on-year in the second quarter, faster than the 2.6 percent flash estimate. In the first quarter, GDP had risen 2.9 percent.

On the expenditure side, final consumption rose 2 percent annually. Exports grew 8.9 percent and imports climbed 11.3 percent.

by RTT Staff Writer

...
Continue reading

Bulgaria's producer prices in July dropped from a year ago, data from the National Statistical Institute showed Friday.

The producer price index dropped 0.4 percent year-on-year in July. Producer prices in the mining and quarrying sector declined by 4.8 percent and those in the utility sector fell by 2.3 percent. At the same time, prices in the manufacturing sector went up by 0.5 percent.

On a monthly basis, producer prices edged up 0.2 percent in July.

Producer prices in the domestic market also declined 0.6 percent annually in August and dipped by 0.1 percent from the previous month.

by RTT Staff Writer

...
Continue reading

Slovenia's consumer prices dropped in August, after remaining unchanged in the previous month, figures from the Statistical Office of the Republic of Slovenia showed Friday.

The consumer price index fell 0.3 percent year-on-year in August, after remaining flat in the previous month.

Prices of food and non-alcoholic beverages dropped 1.5 percent annually in August and those of utility services went down by 0.5 percent. At the same time, prices of clothing and footwear rose by 1.7 percent.

On a monthly basis, consumer prices remained flat in August, after a 1.1 percent fall registered in the previous month.

The EU measure of inflation remained flat in August. The harmonized index of consumer prices remained unchanged year-on-year in during the month, after a 0.3 percent rise in July.

...
Continue reading

Poland's economy grew faster-than-estimated in the second quarter, led by strong improvement in domestic demand, revised data from the statistical office showed Friday.

Gross domestic product grew a non-seasonally adjusted 3.3 percent year-on-year, revised up from 3.2 percent reported initially. In the first quarter, the economy grew 3.4 percent.

Domestic demand surged 5.1 percent annually versus 3 percent in the first quarter, adding 4.9 percentage points to growth. The growth was driven by a 19.7 percent jump in gross capital formation. Private consumption grew 2.8 percent.

Meanwhile, net exports made a negative impact on growth for the first time since the fourth quarter of 2010, deducting 1.6 percentage points.

Sequentially, the economy expanded a seasonally adjusted 0.6 percent in the second quarter, which was unrevised. In the first quarter, the economy expanded 1.1 percent.

...
Continue reading

The Eurocoin indicator, a measure of the current economic situation in the euro area, continued to decline in August, a survey by the Bank of Italy and the Centre for Economic Policy Research showed Friday.

The Eurocoin indicator dropped to 0.19 in August from 0.27 in July. In June, the indicator was at 0.31.

This reflects the weakening of economic activity in the second quarter and the recent decrease of consumer and business confidence. However, the flattening of the interest rate curve made a slight positive contribution, the survey said.

The Eurocoin indicator, which is an estimate of quarterly GDP growth excluding the most erratic components, has been in the positive territory since September 2013.

by RTT Staff Writer

...
Continue reading

Norway's retail sales declined more than expected in July, after rising in July, figures from Statistics Norway showed Friday.

Retail sales volume, excluding sales of motor vehicles, fell 1.5 percent month-over-month in July, more than the 0.3 percent drop expected by economists. In June, retail sales had risen 1.2 percent.

Annually, retail sales volume grew 1 percent in July. In June, retail sales had increased 2.3 percent.

by RTT Staff Writer

For comments and feedback: This email address is being protected from spambots. You need JavaScript enabled to view it.

...
Continue reading

A leading indicator for Switzerland increased unexpectedly in August, figures from economic institute KOF showed Friday.

The KOF leading indicator rose to 99.5 in August from a revised 97.9 in July. Economists had expected the index to decrease to 97.8.

This marked a rebound towards the 100-point mark after the decline in July.

The increases in manufacturing and consumption related indicators contributed positively to the overall index.

The indicators for banking sector and hotel and catering industry also improved marginally, signaling stable development.

...
Continue reading

Austria's producer prices declined at a faster pace in July, after easing in the previous three months, preliminary figures from Statistics Austria showed Friday.

The producer price index fell 0.8 percent year-on-year in July, faster than June's 0.6 percent drop. Producer prices have been falling since February last year.

Producer prices in the energy sector dropped 2.7 percent year-on-year in July and those of intermediate goods fell by 1.0 percent.

On a monthly basis, producer prices dropped 0.1 percent in July, in contrast to a 0.1 percent increase in the previous month.

In the second quarter of this year, producer prices dropped 0.2 percent, slower than a 0.5 percent fall in the previous quarter.

...
Continue reading

Denmark's economy unexpectedly contracted in the second quarter, after expanding in the previous three months, data from Statistics Denmark showed Friday.

Gross domestic product declined 0.3 percent from the first quarter, when it grew 0.6 percent, which was revised from 0.8 percent. Economists were looking for 0.3 percent expansion for the second quarter.

A 1.6 percent fall in exports largely influenced the GDP outcome. Imports, meanwhile, grew 0. percent. Private consumption growth eased to 0.3 percent. Investments declined 1.1 percent.

Year-on-year, GDP decreased 0.1 percent in the second quarter, defying expectations for 1 percent growth.

During the first half of the year, the economy grew 0.5 percent from a year ago.

...
Continue reading

Turkey's foreign trade deficit in July narrowed from a year ago, preliminary figures from the Turkish Statistical Institute showed Friday.

The foreign trade deficit decreased to $6.4 billion in July from $9.9 billion in the same month last year. Economists had forecast a $7.6 billion deficit for July. In June, the shortfall was $7.9 billion.

Exports of the country grew 2.6 percent year-on-year in July, after a 4.1 percent rise in the previous month. Shipments to EU countries surged by 11.1 percent.

At the same time, imports dropped 13.5 percent annually in July, much faster than June's 1.1 percent decline.

In the January to June period, total trade deficit of the country narrowed to $46.01 billion from $60.6 billion in the same period last year.

...
Continue reading

French producer prices dropped unexpectedly in July, data from the statistical office INSEE showed Friday.

Producer prices in the domestic market fell 0.6 percent year-over-year in July. Economists had expected producer prices to increase 0.4 percent.

In June, producer prices had risen 0.4 percent.

On a month-over-month basis, producer prices slid 0.3 percent in July. Economists had expected producer prices to remain unchanged, the same as in June.

Producer prices in the mining and quarrying, energy and water sector decreased 0.9 percent year-over-year in July. Individually, prices of electricity and gas dropped sharply. Prices in the manufacturing sector fell 0.8 percent.

...
Continue reading