Результатов: 9

Australia Retail Sales Post Surprise Fall


Australia's retail sales unexpectedly declined in November amid sharp reduction in sales at department stores and in household goods category, the latest figures from the Australian Bureau of Statistics showed Wednesday.



Retail sales fell 0.1 percent month-on-month to A$21.5 billion on a seasonally adjusted basis in November against expectations for a 0.3 percent growth. This followed a flat reading in October.



Sales of household goods declined 0.9 percent month-on-month in November and trade at department stores slipped 0.4 percent. There was zero growth in food retailing and 0.6 percent drop in clothing, footwear and personal accessory retailing.



Retail sales in Australia continue to disappoint, following on from a soft report in October, Tom Kennedy, an economist at J. P. Morgan Australia, said. "What little strength that we have seen in the retail report over the past few months has largely been generated by food retailing, which is likely being driven by an increase in prices, rather than a surge in demand."



The economists said real consumption has been very soft during the final three months of the year.



Separately, the statistical office reported that job vacancies in Australia fell to 166,800 in September-November from 179,200 in the three months through August after adjusting for seasonal variations. This was the lowest level since May 2010.



In a report today, the Housing Industry Association (HIA) said that new home sales posted a second consecutive monthly improvement in November driven by higher demand for detached houses.



Home sales rose 4.7 percent in November. However, HIA said that sales still remained at quite low levels. In the three months to November, the volume of sales was 15.7 percent lower than in the same period in 2011.





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2013-1-9 09:09

U.K. Nov Budget Deficit Widens


The U.K. budget deficit widened to GBP 17.5 billion in November from GBP 16.3 billion a year ago, the Office for National Statistics said Friday. Economists had forecast a surplus of GBP 16 billion.



For April to November period, public sector net borrowing, excluding interventions, totaled GBP 64.7 billion, which was below last year's GBP 84.4 billion deficit.



The central government net cash requirement was GBP 12.4 billion, which was GBP 1.9 billion higher than in November 2011.





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2012-12-21 13:42

U.K. Inflation Steady At 2.7%


U.K. annual inflation held steady in November at the highest level since May on increases in food and energy bills, official data showed Tuesday.



Consumer price inflation stabilized at 2.7 percent in November, figures from the Office for National Statistics revealed Tuesday. Inflation was at a 34-month low of 2.2 percent in September.



The November rate came in line with economists' expectations, but continues to hover above the 2 percent target. The highest upward impact on inflation was from food prices and utility charges, while fuel prices exerted downward pressure.



Core inflation that excludes energy, food, alcoholic beverages and tobacco, also remained unchanged at 2.6 percent in November. The rate was forecast to rise marginally to 2.7 percent.



As inflation is set to stay between 2.5 percent and 3 percent for the best part of the next year due to increases in utility and food prices, the squeeze on households' spending power looks likely to persist throughout 2013, said Samuel Tombs at Capital Economics. Nonetheless, inflation will eventually fall to a very low rate.



IHS Global Insight's Chief UK economist Howard Archer said he expects consumer price inflation to fall to 2.2 percent by the end of 2013 and finally below 2 percent in 2014.



Month-on-month, consumer prices increased at a pace of 0.2 percent, in line with forecast, but slower than a 0.5 percent rise in October, data showed.



Retail price inflation, at the same time, slowed to 3 percent from 3.2 percent in October. Mortgage interest payments had a downward impact on the annual change.



Excluding mortgage interest payments, retail prices climbed 2.9 percent annually, down from 3.1 percent a month ago. Economists had forecast the annual rate to remain at 3.1 percent.



In a separate communique, the statistical office said factory-gate inflation slowed in November. Output price inflation fell to 2.2 percent in November from 2.6 percent a month ago. It was forecast to ease to 2.5 percent.



Meanwhile, core output price inflation that strips out food, beverages, tobacco and petroleum, held steady at 1.4 percent.



Annually, input prices slipped 0.3 percent in November after staying flat in October. On a monthly basis, the input price index edged up 0.1 percent, the same rate as seen in September and October.





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2012-12-18 15:42

Eurozone Downturn Slows On German Recovery


The downturn in Eurozone slowed in December as the German private sector returned to growth, while contractions in the rest of the region remain worrying, survey results from Markit Economics showed Friday.



The composite Purchasing Managers' Index rose to a nine-month high of 47.3 in December from 46.5 in November. A reading below 50 suggests contraction.



"The survey is still consistent with euro area GDP falling for the third successive quarter," said Chris Williamson, chief economist at Markit.



The flash services PMI climbed more-than-expected to 47.8 from 46.7 in November. The index was forecast to rise to 47 in December. The manufacturing PMI, at the same time, edged up to 46.3 from 46.2 last month. The expected reading was 46.6.



Output continued to fall in manufacturing and services, though in both cases the rate of decline showed signs of moderating. The pace of decline of new business moderated, but the easing was only marginal.



The rate of job losses, at the same time, slowed in December, hitting the lowest since August. A stabilization of headcounts in Germany contrasted with falling employment in France and elsewhere across the Eurozone on average.



In the face of broad-based weakness in demand, inflationary pressures remained muted in December. Input prices rose at a slightly stronger rate, but the rate of increase has shown little overall change over the past four months.



Final data from Eurozone confirmed an easing in inflation to 2.2 percent in November. The decrease largely reflected a slowdown in energy price growth to 5.7 percent from 8 percent.



Germany's private sector expanded after contracting for eight straight months, underpinned by service sector recovery. The flash composite output index came in at 50.5 in December, an improvement on November's 49.2.



The German services PMI rose to 52.1 from 49.7 in November. Economists had forecast the index to rise to no-change level of 50. On the other hand, the manufacturing PMI fell unexpectedly to 46.3 from 46.8 in the prior month.



Meanwhile, the Ifo institute on Thursday trimmed its 2013 GDP growth forecast to 0.7 percent from 1.3 percent. The think tank forecast the economy to contract in the fourth quarter of 2012, before staging a modest recovery in 2013.



Data today showed that the downturn in the French private sector output continued in December, but the rate of contraction slowed. The flash composite output index rose to 45, a 4-month high, from 44.3 in November.



The French services PMI climbed to 46, in line with expectations, from 45.8 a month ago. Likewise, the manufacturing PMI rose to 44.6 in December from 44.5 in November. The manufacturing PMI stayed slightly below the consensus forecast of 44.9.



Ernst & Young on Thursday said the Eurozone will shrink 0.2 percent next year. The firm expects euro area to enter 2013 with a brighter outlook than twelve months ago.





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2012-12-14 15:42

Germany Nov. HICP Inflation Revised Down


Germany's harmonized index of consumer prices rose less than estimated in the preliminary report in November, final figures published by the Federal Statistical Office showed Wednesday.



The HICP inflation was 1.9 percent in November, a tad below 2 percent reported initially. On a monthly basis, HICP fell 0.2 percent compared with 0.1 percent fall reported earlier.



The CPI rose 1.9 percent year-on-year and fell 0.1 percent on a monthly basis in November. The figures matched the preliminary estimates.



In October, CPI inflation was 2 percent. The slight decrease of the inflation rate in November is largely due to energy prices.



Energy prices rose 3.8 percent year-on-year in November, which is a smaller increase than in the months before. Not considering energy prices, the rate of inflation has remained constant at 1.6 percent.





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2012-12-12 11:21