Posts Tagged ‘Outlook’

An expert explores the outlook for soft commodities in 2013.
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www.weforum.org 28.01.2012 Global Economic Outlook 2012 What trends and issues will shape the global economic order in 2012? • Ali Babacan, Deputy Prime Minister for Economic and Financial Affairs of Turkey • Mark J. Carney, Governor of the Bank of Canada; Foundation Board Member; Global Agenda Council on Systemic Financial Resilience • Motohisa Furukawa, Minister for National Policy, Economic and Fiscal Policy, Science and Technology Policy of Japan; Global Agenda Council on Japan • Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC; Foundation Board Member • George Osborne, Chancellor of the Exchequer of the United Kingdom • Donald Tsang, Chief Executive of Hong Kong Special Administrative Region • Robert B. Zoellick, President, The World Bank Group, Washington DC Chaired by • Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom
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Following the Federal Reserve’s latest round of quantitative easing, The Economist’s Buttonwood columnist Philip Coggan explains how easing monetary policy works
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Mind the (age) gap: House price sentiment deteriorates in July as over and under-45s diverge on outlook for prices











Knight Frank


London, UK (PRWEB UK) 20 July 2012

The Knight Frank/Markit’s House Price Sentiment Index signals that average house prices fell again in June.

Around 17% of households said the price of their home declined, while 8% said the value of their property rose.

The resulting HPSI figure is 45.6, down from 46.3 in June, and marking the 25th consecutive month that households perceive the value of their property has fallen.

Any figure under 50 indicates that prices are falling, and the lower the figure, the steeper the decline. Any figure over 50 indicates that prices are rising.

The survey of 1,500 households across the UK showed that London (51.0) was the only region where households felt the value of their home had risen over the past month, albeit very slightly.

In contrast, households in the other ten regions all reported house price falls. However the North-South divide was less clear-cut, with households in the East Midlands (41.6) reporting the biggest falls in prices, in comparison to less pronounced declines in the North West (44.8). However the price falls were more modest in the East of England (48.4).

A lead indicator

Since the inception of the HPSI, the index has been a clear lead indicator for house price trends.

Figure 3 (see attached PDF) shows that the index moves ahead of mainstream house price indices, confirming the advantage of an opinion-based survey which provides a current view on household sentiment, rather than historic evidence from transactions or mortgage market evidence.

Outlook for house prices

The future HPSI (figure 2), which measures what households think will happen to the value of their property over the next year, fell in July, although it remained in positive territory. Around 29% of households anticipate a rise in the value of their home over the next 12 months, compared with 25% expecting a decline. The resulting index reading is 51.9, down from June’s reading of 53.1 and marking the third decline in the last four months.

Regional outlook

Expectations for house price rises were recorded in only six of the 11 regions in June, the lowest count since March. Respondents in London remain the most upbeat, with the measure of expectations in the capital rising from 60.2 to 63.5. This was the only region where expectations that house prices would rise gained momentum apart from Wales, where the measure also rose from 54.3 to 56.2. But expectations reversed sharply in Yorkshire and the Humber (from 52.0 to 37.9), hitting the lowest level since March 2009.

Mirroring the fall in sentiment about current house prices in the East Midlands, the outlook for house prices also dropped from 52.6 to 48.5 in this region.

Household variations

There is a marked difference in outlook for house prices among those who are under and over 45 years old.

All age-groups under 45 expect house prices to rise over the next 12 months, while all of those aged over 45 expect prices to fall. This indicates broadly that established homeowners are more downbeat than recent purchasers and renters about the future movement of property prices.

But this assumption is blurred slightly by additional data which shows that while those who own their home outright expect house prices to fall over the next year (46.6), mortgage borrowers, who are benefitting from low repayments, tip prices to rise (53.1) albeit at a slower pace than in June (56.9).

Those in private rented property and living rent-free at home (54.8, 54.3) also expect price rises over the next year, perhaps reflecting the difficulties they face to climb on to the housing ladder.

Gráinne Gilmore, head of UK residential research at Knight Frank, said: “There has been a marked decline in sentiment about current and future house prices in July. This coincides with worsening data from the UK and Eurozone economies, which has weighed on confidence in all corners of the country. ”

“The age ‘gap’ between those over and under 45 is perhaps some reflection of how the economic developments are affecting those at different times of their life. It is typically older homeowners who own their house outright or who have paid off a significant chunk of their mortgage.

“These households seem to be preparing themselves for an erosion of the value of their asset as house prices fall. In contrast, younger families and individuals face an uphill battle to move home or get on to the housing ladder, and if prices rise as they expect, this will exacerbate their problems.

“It seems all age groups are pessimistic about house price movements working in their favour.”

Tim Moore, senior economist at Markit, said: “Twice as many households reported a drop in their property value as those that saw a rise in July, and the national balance would have been far lower without the positivity recorded in London.

“Looking ahead, the survey shows that house price expectations in the capital have long been detached from the rest of the UK. However, perhaps the most notable development in July was a split between sentiment across the older and younger age groups, with only the latter forecasting price rises.

“Given the on-going squeeze on mortgage finance available to first time buyers and those with low housing equity, older households are especially dominant in the property market at present.

“The survey indicates that this cohort were ‘ahead of the game’ in seeing the end of the property rebound during 2010.

Older households are traditionally viewed as mainly driving parts of the market affected by downsizing trends but, with their overrepresentation in current transactions and the shortage of new mortgage lending, it will be interesting to see if their expectations translate into a useful bellwether for the wider property sector.”

Ends

For further information, please contact:

Knight Frank

Rosie Cade, PR Manager

rosie.cade(at)knightfrank.com

020 7861 1068

Gráinne Gilmore, Head of UK Residential Research

grainne.gilmore(at)knightfrank.com

020 7861 5102

07785 527 145

Markit

Caroline Lumley, Director, Corporate Communications

Caroline.Lumley(at)markit.com

020 7260 2047

Chris Williamson, Chief Economist

chris.williamson(at)markit.com

0779 5555061

Notes to editors

About the HPSI

The Knight Frank/Markit House Price Sentiment Index (HPSI) survey was first conducted in February 2009 and is compiled each month by Markit.

The survey is based on monthly responses from approximately 1,500 individuals in Great Britain, with data collected by Ipsos MORI from its panel of respondents aged 18-64. The survey sample is structured according to gender, region and age to ensure the survey results accurately reflect the true composition of the population. Results are also weighted to further improve representativeness.

Prior to September 2010, the Household Finance Index was jointly compiled by YouGov and Markit based on monthly responses from over 2,000 UK households, with data collected online by YouGovplc from its representative panel of respondents aged 18 and above. The panel was structured according to income, region and age to ensure the survey results accurately reflected the true composition of the UK population. Results were also weighted to further improve representativeness.

Index numbers

Index numbers are calculated from the percentages of respondents reporting an improvement, no change or decline. These indices vary between 0 and 100 with readings of exactly 50.0 signalling no change on the previous month. Readings above 50.0 signal an increase or improvement; readings below 50.0 signal a decline or deterioration.

IpsosMORI technical details (July survey)

Ipsos MORI interviewed 1500 adults aged 18-64 across Great Britain from its online panel of respondents. Interviews were conducted online between 13th – 16thJuly 2012. A representative sample of adults was interviewed with quota controls set by gender, age and region and the resultant survey data weighted to the known GB profile of this audience by gender, age, region and household income. Ipsos MORI was responsible for the fieldwork and data collection only and not responsible for the analysis, reporting or interpretation of the survey results.

About Knight Frank

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York based global partner, Newmark Knight Frank, operate from 209 offices, in 47 countries, across six continents. More than 6,840 professionals handle in excess of US$ 755 billion (£521 billion) worth of commercial, agricultural and residential real estate annually, advising clients ranging from individual owners and buyers to major developers, investors and corporate tenants.

For further information about the Company, please visit http://www.knightfrank.com. For the latest news, views and analysis on the world of prime property visit Knight Frank’s new website Global Briefing. And follow us on twitter @kfglobalbrief and @knightfrank.

About Markit

Markit is a leading, global financial information services company with over 2,000 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial market place. For more information please see http://www.markit.com

The intellectual property rights to the HPSI provided herein is owned by Markit Economics Limited. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without Markit’s prior consent. Markit shall not have any liability, duty or obligation for or relating to the content or information (“data”) contained herein, any errors, inaccuracies, omissions or delays in the data, or for any actions taken in reliance thereon. In no event shall Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. Markit and the Markit logo are registered trade marks of Markit Group Limited.











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2006 New York Business and Market Outlook Report Now Available










Bath, ME (PRWEB) December 12, 2005

The 2006 edition of New York Industry &amp Market Outlook is published and available for buy. The 2006 New York Business &amp Marketplace Outlook features over 120 key New York industries and 500+ minor industries.

With over 250 pages, the 2006 New York Industry &amp Market Outlook features:

-20 new industries added to 2006 edition

-2006 establishments, employment and sales totals for each business

-2007 forecast establishments, employment and sales totals for every industry

-five-year trend establishments and sales totals

-Industry financial ratios such as sales per workers, sales per establishment and workers per establishment

-2005 establishments, employment and sales totals for 500+ minor industries

-Business definitions and descriptions

The 2006 New York Business &amp Marketplace Outlook report includes the following industries (a sampling of the 120+ industries in the report):

     Single-Family Housing Construction Business

     Electrical Contractors Industry

     Breweries &amp Beer-Creating Business

     Women’s &amp Girls’ Apparel Mfg. Industry

     Printing Industry

     Petroleum Refineries Business

     Petrochemical Manufacturing Industry

     Telephone Equipment Mfg. Industry

     Audio &amp Visual Equipment Mfg. Industry

     Semi-Conductor &amp Electronic Components Mfg.

     Main Appliance Manufacturing Business

     Automobile &amp Motor Vehicle Mfg. Industry

     Kitchen Cabinet &amp Countertop Mfg. Business

     Household &amp Institutional Furniture Mfg.

     Medical Equipment &amp Supplies Mfg. Business

     Sign Manufacturing

     Automobile &amp Other Vehicles Wholesale

     House Furnishings Wholesale Business

     Personal computer &amp Equipment Wholesale Industry

     Men’s &amp Boys’ Clothing Wholesales Industry

     General-Line Grocery Wholesale Business

     Book/Periodical/Newspaper Wholesales

     New Auto Dealers Business

     Furniture Stores Business

     Computer &amp Software program Stores Business

     Residence Centers Business

     Grocery Stores Business

     Beer &amp Wine &amp Liquor Stores Industry

     Pharmacies &amp Drug Shops Business

     Women’s Clothing Shops Business

     Record &amp CD &amp Tape Shops Business

     Department Stores Business

     Warehouse Clubs &amp Superstores Industry

     Office Supplies &amp Stationery Shops Business

     Electronic Shopping &amp Mail Order Houses

     Scheduled Air Transportation Business

     Freight Trucking Lengthy Distance Industry

     Periodical Publishing Business

     Book Publishing Industry

     Motion Photos &amp Video Production Industry

     Television Broadcasting Services Business

     Wired Telecommunications Carriers Industry

     Offices of Lawyers Business

     Architectural Services Industry

This report is outstanding for sales and marketing and advertising planning, for sales leads, distribution preparing, sales territory development, competitive intelligence, enterprise analysis, merger &amp acquisition work, and many other purposes.

The 2006 New York Industry &amp Marketplace Outlook report is accessible for $ 199.00 in PDF version on CD and $ 299.00 in print version. The Excel edition is accessible for $ 299.00

For much more data or for ordering, please pay a visit to http://www.BarnesReports.com, or call (207) 442-0588.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.