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12/11/2001
Output prices indicate further fall in interest rates
Interest rates could be heading for a cut as figures reveal that UK output prices have fallen by the biggest level since records began.
The cost of goods leaving UK factories during October has fallen by 0.6 per cent compared to the same time last year. The drop can be attributed to cheaper crude oil prices, which will enable the manufacturing sector to pass on savings made in energy costs to consumers, potentially paving the way for an easing of interest rates.
Monday’s news spearheads a week in which a variety of key reports will be released, including retail price inflation and retail sales. It is thought that both figures will register a fall, as adverse economic conditions close in, but that the level of slowdown will give no immediate cause for concern.
In addition, research body Oxford Economic Forecasting has defied negative predictions by outlining only a one in six chance of a possible nationwide recession kicking in over the next twelve months. (CL)
The cost of goods leaving UK factories during October has fallen by 0.6 per cent compared to the same time last year. The drop can be attributed to cheaper crude oil prices, which will enable the manufacturing sector to pass on savings made in energy costs to consumers, potentially paving the way for an easing of interest rates.
Monday’s news spearheads a week in which a variety of key reports will be released, including retail price inflation and retail sales. It is thought that both figures will register a fall, as adverse economic conditions close in, but that the level of slowdown will give no immediate cause for concern.
In addition, research body Oxford Economic Forecasting has defied negative predictions by outlining only a one in six chance of a possible nationwide recession kicking in over the next twelve months. (CL)
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10 December 2001
Further falls in price of UK manufactured goods
The Office of National Statistics have produced a report which shows that the price of goods manufactured in the UK have fallen in the last month. Between October and November the UK producer prices fell by 0.4 per cent, compared with a fall of 0.2 per cent between September and October.
Further falls in price of UK manufactured goods
The Office of National Statistics have produced a report which shows that the price of goods manufactured in the UK have fallen in the last month. Between October and November the UK producer prices fell by 0.4 per cent, compared with a fall of 0.2 per cent between September and October.
04 December 2001
Nationwide reports brief UK housing recovery
The Nationwide building society has reported a brief recovery of the UK housing market after it faltered slightly in October. In its latest monthly survey the Nationwide revealed that UK house prices rose by 0.7 per cent on average during November, while the average price of a house, at £92,262, was 12.8 per cent higher than one year earlier.
Nationwide reports brief UK housing recovery
The Nationwide building society has reported a brief recovery of the UK housing market after it faltered slightly in October. In its latest monthly survey the Nationwide revealed that UK house prices rose by 0.7 per cent on average during November, while the average price of a house, at £92,262, was 12.8 per cent higher than one year earlier.
03 October 2001
Mixed signals from UK economy indicators
With the CBI reporting that retail sales in September grew at their fastest rate for five years in addition to other important indicators revealing a fall in activity in the service sector, the UK economy is showing signs of further fragmentation.
Mixed signals from UK economy indicators
With the CBI reporting that retail sales in September grew at their fastest rate for five years in addition to other important indicators revealing a fall in activity in the service sector, the UK economy is showing signs of further fragmentation.
07 March 2002
UK interest rates remain unchanged
Interest rates are to remain unchanged at 4 per cent for a further month amid signs that the UK manufacturing sector may at last be on its way to recovery.
UK interest rates remain unchanged
Interest rates are to remain unchanged at 4 per cent for a further month amid signs that the UK manufacturing sector may at last be on its way to recovery.
07 March 2002
Halifax report continuing rise in house prices
House prices in the UK have risen by almost 17 per cent according to the latest survey figures released by the Halifax. The report, published on Thursday 7 March, has shown that in February, property prices rose by more than one-sixth on the same time a year earlier – representing the fastest annual rate of growth in 12 years.
Halifax report continuing rise in house prices
House prices in the UK have risen by almost 17 per cent according to the latest survey figures released by the Halifax. The report, published on Thursday 7 March, has shown that in February, property prices rose by more than one-sixth on the same time a year earlier – representing the fastest annual rate of growth in 12 years.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
