Posts Tagged ‘November’
Japanese factory output exceeds expectations
Official figures published yesterday revealed Japan’s factory output rose for the ninth consecutive month in November.
Factory output was up by 2.6% in the month and was slightly above analysts expectations of a 2.5% rise.
The rise extended the longest unbroken growth since a 12-month rise to March 1997 and was attributed to growing overseas demand [...]
US consumer spending up 0.5% in November
According to the Commerce Department, US consumer spending rose 0.5% in November after a 0.6% rise in October.
The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was slightly under analysts expectations of 0.7%.
Analysts had expected a higher jump in spending amid the Thanksgiving holiday and [...]
US new home sales fall in November
There were concerns over a recovery in the US housing market today after the Commerce Department revealed a fall in sales of new homes for the month of November.
According to the Commerce Department, new single-family home sales dived by 11.3% to a seasonally adjusted annual rate of 355,000 units, down from a revised 400,000 in [...]
New mortgage lending continues recovery
Gross mortgage lending in November showed a slight monthly rise, according to the British Bankers’ Association (BBA).
The figure stood £9.2 billion but was still 12% down on a year earlier.
However, banks approved £6.6 billion in house purchase loans, up from £6.1 billion in October and a 200% increase on November of last year.
In terms of [...]
House sales hold steady as RICS forecasts 2010 price rises
New figures from HM Revenue & Customs (HMRC) show the number of homes sold in the UK falling to 87,000 in November, compared with 90,000 in October.
However, last month’s total for properties worth £40,000 and above is the second-highest so far in 2009, and the dip still leaves completed transactions at over twice the 41,000 [...]