Retailers set for best Xmas sales since pre-crisis October 14, 2013 BRITISH retailers are set to enjoy their best growth in Christmas sales since the financial crisis, according to a report published yesterday that forecast consumers would spend at least £2bn more than in 2012. Market research specialist Verdict predicted that spending in the fourth quarter would rise 2.2 per cent from the same period in [...]
Inflation hits highest point for half a year in India and China October 14, 2013 INFLATION in the world’s two most populous countries reached seven-month highs in September, according to official statistics released by the Indian and Chinese governments yesterday. The effect of poor weather on food prices has been blamed for the rise in Chinese consumer inflation, which stood at 3.1 per cent in the year to last month. [...]
Chinese exports down as September sees strong demand and inflation October 14, 2013 (National Bureau of Statistics of China) With Chinese trade data coming in overnight, optimistic economic expectations continue to be reflected in results, with September imports rising to 7.4 per cent, exceeding expectations of 7.0 per cent. Despite healthy demand, however, export growth dropped sharply by 0.3 per cent from August's 7.2 per cent. Inflation for September rose, with the [...]
Analyst Views: Is Cranswick well placed to handle rising prices? October 7, 2013 DAMIAN MCNEELA PANMURE GORDON Cranswick delivered an acceleration in second quarter sales growth…But continued high pig prices during the period has weighed on margins…We would expect the company to make good progress in recovering the inflation in the second half. NICOLA MALLARD INVESTEC The two things to note are that the top line growth in [...]
Lowest inflation since 2010 for euro economies September 30, 2013 BELOW target inflation is still being recorded in the Eurozone despite a nascent recovery, with the lowest consumer price index (CPI) growth in three and a half years revealed. Figures released yesterday showed CPI at only 1.1 per cent in the 12 months to September, indicating the smallest rise in prices since the first quarter [...]
Eurozone inflation falls with marked CPI decrease for Italy September 30, 2013 Inflation softens for the Eurozone as the consumer price index misses expectations of 1.2 per cent for September, coming in at 1.1 per cent, year-on-year. This is down from the previous figure of 1.3 per cent. The core figure, which excludes volatile components like food, energy, alcohol and tobacco, was at 1.0 per cent year-on-year; [...]
Retailers record unexpected dip in August sales September 19, 2013 RETAILERS failed to match July’s strong activity last month, with a 0.9 per cent month-on-month drop in sales revealed by the Office for National Statistics (ONS) yesterday. However, sales were still up in comparison to August 2012, rising by 2.1 per cent over the 12-month period. August’s drop was driven by a decline in food [...]
Price rises still soaring above wages in August September 17, 2013 INFLATION continued to stay well above target as the summer came to a close, with retail prices still steaming well ahead of feeble increases to salaries this August. Last month, consumer price index (CPI) inflation was up by 2.7 per cent on August 2012, according to figures released by the Office for National Statistics (ONS) [...]
Stable inflation fuels taper talk in the States September 17, 2013 INFLATION readings in the US barely rose in August, but gains in rents and medical care costs pointed to a stabilisation in underlying inflation that could allow the Federal Reserve to start trimming its bond purchases. The Labor Department said yesterday its consumer price index (CPI) edged up 0.1 per cent last month after rising [...]
US inflation pressures ease in August with Fed unlikely to postpone tapering September 17, 2013 The US consumer price index (CPI) has climbed just 0.1 per cent month-on-month following predictions to stay flat at 0.2 per cent. The year-on-year figure for August is 1.5 per cent, down from 1.6 per cent inflation in the year to July. A breakdown of components, month-on-month: Food: 0.1 per cent Housing: 0.1 per cent [...]