Industry output dive means GDP could go down November 6, 2012 OUTPUT IN the production industries dived in September, data showed yesterday, driven by a collapse in mining and quarrying, which analysts suggested might lead to downward GDP revisions. Manufacturing output rose 0.1 per cent into October, according to the Office for National Statistics, but overall production was dragged down 1.7 per cent by a 15.3 [...]
Output in the Eurozone drops even further November 6, 2012 THE EUROZONE came in for even more pain in October, according to a prominent business survey out yesterday. But it was Germany that dragged the bloc down this month – outweighing slight improvements in Italian, French and Spanish indices. The composite Eurozone purchasing managers’ index (PMI) sagged to 45.7 in October, Markit said yesterday, from [...]
Knight Frank says house prices may not return to peak till 2019 November 6, 2012 THE DOWNWARD correction to house prices gathered pace in October, according to data out yesterday, while one estate agent today predicted prices would not reach their pre-recession peak until 2019. The UK’s average house price slid 0.7 per cent into October, according to the Halifax house price index, meaning prices are some 1.7 per cent [...]
British Airways helps boost IAG traffic by 3.2 per cent in October November 6, 2012 INTERNATIONAL Airlines Group yesterday posted a strong rise in October traffic, as a robust performance from British Airways made up for weakness at Spanish sister firm Iberia. Traffic, measured in revenue passenger kilometres, rose by 3.2 per cent versus October 2011, while passenger load factor – a measure of how well it fills its planes [...]
Low cost airlines Aer Lingus and EasyJet deliver passenger gains November 6, 2012 LOW COST carriers EasyJet and Aer Lingus posted passenger growth for October yesterday, though both showed signs of slowing momentum. EasyJet said passenger traffic rose 6.2 per cent to 5.25m in October, but this growth is lower than the seven per cent increase seen over the past year. The carrier’s load factor, a measure of [...]
China row drags on Nissan sales as it cuts its full-year forecasts November 6, 2012 COUNTING the cost of anti-Japanese protests in a territorial dispute with China, Nissan Motors yesterday cut its full-year net profit forecast by a fifth to $3.99bn, and said it had lost share in its biggest market. July to September net profit rose 7.7 per cent to ¥106bn, Nissan said, despite lower than expected car sales [...]
UK house prices fall in October November 6, 2012 UK house prices fell 0.7 per cent in October, Halifax said today. On an annual basis, property values fell 1.7 per cent. In the three months to October, prices were 1.2 per cent lower than in the previous quarter, the fifth successive decline, Halifax said. Martin Ellis, housing economist at the lender, today said: “The [...]
Slowdown for growth in US service sector November 5, 2012 THE PACE of expansion in the US services sector slowed in October, figures revealed yesterday, depriving President Barack Obama of a timely boost to his campaign for re-election. The Institute of Supply Management (ISM) non-manufacturing report’s headline index came in at 54.2 last month compared to 55.1 in September, disappointing economists. With any reading above [...]
Unemployment in Spain edges towards the five million mark November 5, 2012 THE NUMBER of officially unemployed people in Spain rose by 2.7 per cent in October from a month earlier, data revealed yesterday, reflecting the country’s ongoing economic crisis. Labour ministry figures showed an extra 128,242 people being out of work, with the total number reaching 4.8m. This was the third straight month the jobless figures [...]
Toyota profit outlook raised amid China hit November 5, 2012 TOYOTA Motors nudged its full-year net profit forecast up to $9.7bn yesterday, even as it put the cost of recent anti-Japanese protests and a slowing economy in China at lost sales of 200,000 cars. Sales at Toyota and its two Chinese joint ventures almost halved in September and October amid often violent protests in a [...]