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UK trade deficit widens in October
The Office for National Statistics (ONS) has today revealed the UK’s trade deficit unexpectedly widened in October. According to the ONS, the goods trade gap widened to £8.5 billion in October, up...
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Mortgage lending to remain “stable but small”
New mortgage lending showed a month-on-month fall of 4% in October, with 46,000 loans for house purchases advanced, according to the Council of Mortgage Lenders (CML). At £6.7 billion, the value of...
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US trade deficit narrows sharply
The US trade deficit unexpectedly narrowed in October to $38.7 billion – economists had expected a deficit of $43.6 billion. The unexpected narrowing arose as imports fell by 0.5% on the month, while...
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DCLG: House prices down 0.1% in October
Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices fell by 0.1% in October compared with September, with the average UK home costing £209,466....
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Euro zone industrial output up 0.7% in October
The EU statistics office Eurostat has today revealed euro zone industrial output gained 0.7% in October, recovering from a 0.7% decline the previous month. On an annual basis, meanwhile, industrial...
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Minimum wage to rise 15p an hour from October
It has been announced that the UK minimum wage will rise by 15p (2.5%) to £6.08 an hour from October 1, 2011 and is set to benefit almost 900,000 people. The 15p an hour rise applies to workers aged...
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Rightmove: Asking prices up in October
Property website, Rightmove, has today reported a further rise in asking prices for the month of October. According to Rightmove, asking prices for residential property in England and Wales surged...
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US consumer confidence slumps in October
US consumer confidence slumped in October, the Conference Board has reported. The closely-monitored Consumer Confidence Index from the Conference Board dived to 39.8 this month from September’s...
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UK manufacturing activity contracts in October
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity contracted last month. The closely-watched...
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Nationwide: House prices rise 0.4% in October
The latest house price index from the Nationwide Building Society has revealed prices rose by 0.4% in October on a monthly basis. On an annual basis, house prices are now 0.8% higher than this time...
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