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.

Mexico's unemployment rate eased for the fourth successive month in November to its lowest level since the end of last year, figures from the statistical office INEGI showed Friday.

The unadjusted jobless rate fell to 4.53 percent from 4.78 percent in October. Economists had expected a figure of 4.60 percent.

It was the lowest rate since December last year, when the figure was 4.27 percent.

On a seasonally adjusted basis, the jobless rate dropped to 4.71 percent from 4.73 percent in the previous month. Economists were looking for a figure of 4.66 percent.

by RTT Staff Writer

...
Continue reading

Brazil's unemployment unexpectedly rose in November after easing in the previous two months, figures from the statistical office IBGE showed Friday.

The jobless rate climbed to 4.8 percent from a 10-month low of 4.7 percent in October. Economists had expected the rate to ease further to 4.5 percent. The rate was 4.6 percent a year ago.

The number of unemployed was 1.2 million in November in the six metropolitan areas surveyed, the IBGE said. There was no significant variation from the previous month as well as a year ago, the agency added.

Average earnings increased 2.7 percent annually and 0.7 percent monthly in November.

by RTT Staff Writer

...
Continue reading

Hourly wages in Italy rose for the second straight month in November, figures from the statistical office ISTAT showed Friday.

Wages edged up 0.1 percent month-on-month in November, same as in the previous month, after remaining unchanged in the previous three months.

On a yearly basis, hourly wages climbed 1.1 percent in November, slightly faster than 1.0 percent rise in October.

Among the main macro sectors, wages in the private sector increased 1.4 percent during the month, while wages in the government sector remained flat.

In the January to November period, hourly wages grew 1.2 percent compared to the same period last year

...
Continue reading

The U.K. budget deficit narrowed in November, yet a considerable improvement is required to meet the government's fiscal target for 2014/15.

Public sector net borrowing excluding interventions declined by GBP 1.6 billion from last year to GBP 14.1 billion in November, the Office for National Statistics reported Friday. Economists had forecast the shortfall to total GBP 15.1 billion.

During April to November, public sector net borrowing excluding public sector banks decreased GBP 0.5 billion to GBP 75.8 billion.

Income tax related payments increased by 4.1 percent in November. Due to the slowdown in the housing market, stamp duties rose by a less-than-expected 5 percent.

In the Autumn Statement, Chancellor George Osborne estimated borrowing to fall to GBP 91.3 billion in 2014/15 from about GBP 97.3 billion in 2013/14. Osborne is set to deliver the final budget of this parliament on March 18.

...
Continue reading

Ireland's factory-gate prices increased for the second straight month in November, figures from the Central Statistics Office showed Friday.

The output price index in the manufacturing industry, excluding VAT, climbed 0.6 percent year-on-year in November, faster than 0.3 percent rise in the previous month. In September, prices fell 0.6 percent.

On a monthly basis, factory-gate prices rose 0.3 percent during the month, following a 0.5 percent increase in October. It was the fourth successive monthly rise in a row.

Domestic market prices dropped 1.5 percent monthly in November, much faster than the modest 0.1 percent decline registered in the prior month. At the same time, export market prices climbed at a steady rate of 0.6 percent, which was the fourth consecutive monthly rise.

by RTT Staff Writer

...
Continue reading

Latvia's producer prices remained unchanged in November, after falling in the previous month, figures from the Central Bureau of Statistics showed Friday.

The producer price index remained unchanged annually in November, after a 0.1 percent decline in October. In September, prices climbed 0.3 percent.

Domestic market producer prices fell 0.2 percent year-on-year in November, while export market prices rose 0.1 percent.

On a monthly basis, producer prices dropped 0.1 percent during the month, slower than 0.5 percent decline in October. It was the second successive monthly decrease. Domestic market prices fell 0.5 percent, while foreign market prices rose by 0.3 percent.

by RTT Staff Writer

...
Continue reading

Asia Pacific investors are concerned about geopolitical tension upsetting the regional markets and feel that Abenomics will not deliver markedly higher economic growth for Japan, Fitch Ratings said on Friday, citing results of a survey.

The Fitch Ratings' Asia-Pacific fixed income investor survey found that 79 percent of the respondents saw geopolitical risk as a high risk to credit markets.

This was similar to Fitch's latest European survey where 85 percent of the respondents flagged geopolitical risk as a high risk.

Investor concern over high-profile global sources of risk such as the protracted crises in Ukraine, Iraq and Syria, rather than regional Asian issues may have driven the results, the agency said.

That said, domestic political risks were highlighted in Thailand following the military takeover of the government in May, and by the outbreak of protests in Hong Kong, Fitch noted.

...
Continue reading

British retail sales growth accelerated at its fastest pace in almost 26 years in December largely driven by "Black Friday" price cuts, survey data from the Confederation of British Industry showed Friday.

About 71 percent of retailers said sales volume increased from a year ago, while 9 percent said sales were down, giving a balance of 61 percent, the Distributive Trades Survey revealed. This was the highest score since January 1988.

Though sales are expected to rise more slowly in the year to January, robust growth is still anticipated resulting in the strongest growth in orders placed with suppliers for a year, it said.

A balance of 35 percent of retailers expect overall sales volumes to grow again next month. The survey was conducted among 122 firms.

"The strongest sales growth for a quarter of a century is a big boost for retailers as they head towards the climax of the crucial pre-Christmas trading period," Barry Williams, CBI Distributive Trades Survey Chairman said.

...
Continue reading

Iceland's consumer price inflation slowed for the second straight month in December, figures from Statistics Iceland showed Friday.

The consumer price index rose 0.8 percent year-on-year in December, slower than 1.0 percent rise in the previous month.

On a monthly basis, consumer prices climbed 0.3 percent in December, reversing a 0.5 percent fall in November.

Separately, the statistical office released wages data for the month of November. The wage index increased 6.6 percent annually for a second consecutive month.

Month-on-month, wages rose 0.2 percent in November, which was slower than the 0.6 percent rise in the previous month.

...
Continue reading

Slovenia's output prices remained unchanged for the second straight month in November, figures from the Statistical Office of the Republic of Slovenia showed Friday.

Output prices remained unchanged year-on-year in November, same as in the previous month. Prices had fallen continuously since September 2013.

Output prices in the domestic market fell 0.9 percent annually in November, while foreign market prices climbed by 0.8 percent.

Month-on-month, output prices slid 0.2 percent in November, in contrast to a 0.1 percent rise in October. It was the first decline in seven months. Domestic market prices and export market prices declined 0.1 percent and 0.4 percent, respectively.

by RTT Staff Writer

...
Continue reading

Italy's industrial orders increased in October, after declining in the previous month, figures from the statistical office Istat showed Friday.

Total orders rose a seasonally adjusted 0.1 percent month-on-month in October, reversing a 1.5 percent fall in the previous month. In August, orders climbed 1.5 percent.

Domestic market orders climbed 1.5 percent in October, while foreign market orders fell by 1.9 percent.

On a year-on-year basis, industrial orders dropped 0.2 percent in October, slower than 0.4 percent fall logged in September.

Industrial turnover increased a seasonally adjusted 0.4 percent monthly in October, reversing a 0.4 percent decline in the previous month. Both domestic and foreign market sales grew 0.4 percent and 0.3 percent, respectively.

...
Continue reading

Commercial vehicle registrations in the European Union declined in November after increasing in the previous months, a report from the European Automobile Manufacturers Association, or ACEA, showed Friday.

Demand for commercial vehicles in the European Union decreased 0.2 percent year-on-year to 152,744 units in November. This was in contrast to the 10.8 percent surge in October.

Commercial vehicle registrations in Germany and France dropped 9.1 percent and 2.9 percent, respectively. Meanwhile, registrations in Spain, Italy and the U.K. rose 13.3 percent, 6.5 percent and 4 percent, respectively.

Registrations for heavy vehicles and medium and heavy vehicles tumbled 20.7 percent and 21.6 percent, respectively. However, vehicle registrations of light vehicles climbed 4.8 percent and 3.8 percent in November.

For the January to November period, commercial vehicle registrations rose 8.8 percent year-on-year to 1.68 million units.

...
Continue reading

Slovakia's producer prices continued to decline in November, but at a slower pace, figures from the Statistical Office of the Slovak Republic showed Friday.

Industrial producer prices dropped 2.9 percent year-on-year in November, slower than 3.8 percent decline in October. Producer prices have been falling since February 2013 and the latest decline was the slowest since the start of this year.

Domestic market producer prices also dropped 2.9 percent annually in November, following a 3.9 percent fall in the prior month.

Producer prices in the manufacturing sector fell 1.2 percent, while mining and quarrying prices advanced by 3.1 percent.

Month-on-month, producer prices rose 0.3 percent during the month, in contrast to a 0.1 percent fall in October. It was the first increase in six months.

...
Continue reading

The unemployment rate in Norway increased as expected in December after hitting a 12-month low in November, figures from the Norway Labor and Welfare Administration, or NAV, showed Friday.

The jobless rate rose to 2.7 percent in December from the 1-year low of 2.6 percent in the previous month. This was in line with the consensus estimate.

The number of unemployed people fell to a seasonally adjusted 71,734 from 71,008 in November.

Occupations within the engineering and ICT subjects, professionals and brokers and consultants had the largest increase in unemployment, the NAV said.

Unemployment, measured in number of persons, fell the most for construction workers, followed by people without stated occupational backgrounds and industrial workers.

...
Continue reading

Hungary's employee earnings growth quickened for the second straight month in October to its fastest rate in four months, figures from the Hungarian Central Statistical Office showed Friday.

Average monthly gross earnings climbed 3.3 percent year-on-year in October, faster than 2.4 percent growth in the previous month. It was the fastest rate of increase since June, when wages rose 3.7 percent.

Excluding family tax benefit, net earnings also increased 3.3 percent annually in October.

In the January to October period, average gross earnings rose 2.9 percent compared to the same period last year.

by RTT Staff Writer

...
Continue reading

German consumer confidence is set to improve to an eight-year high at the start of the year on strong gains in economic expectations and willingness-to-buy as the current economic weakness is expected to be temporary, the market research group GfK said Friday.

The forward-looking consumer confidence index climbed to 9 for January, the highest since December 2006, from 8.7 in December. The index was forecast to rise marginally to 8.8 points.

Economic expectations and willingness-to-buy strengthened in December, while income expectations declined from the prior month.

Ending a downward trend lasting five months, the economic expectations index rose by 12.9 points to 14.5 in December.

There continues to be some uncertainty among German consumers largely due to the ongoing international crises in Iraq, Syria and Ukraine, the GfK noted. However, consumers expect the economy to recover relatively quickly and return to growth by spring.

...
Continue reading

Fitch Ratings said on Thursday that modest economic growth, competition for deposits and moderate asset quality deterioration will increase pressure on the country's banks in 2015.

However, solid capital and profitability buffers mean the outlook remains stable, the rating agency said. Turkish banks' increased dependence on short-term, foreign-currency funding poses the biggest risk to the outlook, it added.

The country's economic growth over the medium term is expected to remain below recent highs, with ongoing but manageable interest- and exchange-rate volatility and continued access to international funding, Fitch said.

The agency also expects asset quality to deteriorate due to seasoning of loan portfolios, increased consumer indebtedness and the depreciation of the lira, which may weaken the debt servicing capacity of foreign-currency borrowers.

Fitch expects high interest rates and competition for deposits to push up funding costs, but sees margin pressure to be only moderate as Turkish banks have successfully re-priced loans in the past.

...
Continue reading

The total value of orders received by the German building industry dropped in October from a year ago, figures from Destatis showed Friday.

The total price-adjusted value of orders received by building construction and civil and underground engineering enterprises fell 4.5 percent year-on-year in October.

Demand in the building construction sector alone dropped 1.0 percent annually and orders for civil and underground engineering work plunged by 8.9 percent.

The number of employees in the construction sector was 419,000 in October, down by 500 persons compared with the same month last year.

Germany's construction sector grew at the fastest rate in nine months in November, as activity rose in all three broad categories, results of a survey from Markit Economics showed in November. Civil engineering projects rose at the fastest rate in nine months.

...
Continue reading

French business confidence among manufacturers remained unchanged in December, survey data from the statistical office Insee showed Friday.

The business sentiment index held steady at 99 in December. The score came in line with economists' expectations.

According to the business managers surveyed, the balance of opinion on personal production expectations weakened in December. The indicator fell to 4 from 7 in November.

At the same time, the balance on general production expectations, which represents business managers' opinion on French industry as a whole, remained stable at -16 in December.

Confidence in the service sector also remained stable in December. The index came in at 93. The overall business confidence index covering all sectors also stood unchanged at 94 in December.

...
Continue reading

Majority of the households in the U.K. perceived that the value of their houses increased in December, results of a survey by Knight Frank and Markit Economics showed Friday.

The house price sentiment index, or HPSI, rose to 59.1 in December from 58.4 in November. This marked the twenty first consecutive month of the index remaining above 50.

A reading above 50 signals a rise in house prices, while a figure below 50 indicates a fall.

Meanwhile, the future HPSI, a measure of expectations on house prices, decreased to 70.5 in December from 71.1 in the previous month.

"Heightened political and economic uncertainty may be dragging on households' expectations for their property values over the course of 2015," Tim Moore, senior economist at Markit, said.

...
Continue reading