Sentences with phrase «cent over»

The impact of the weak world economy and the drought over the first half of 2003 are evident in the latest national accounts, which show that real GDP rose by 0.1 per cent in the June quarter and 2.0 per cent over the year (Table 10).

Overall CPI inflation was a more modest 1.6 per cent over the year, held down by weakness in the prices of internationally tradable goods flowing from the appreciation of the currency.

Approvals for loans to investors have been particularly strong, rising by almost 40 per cent over the past year; these now account for a record high 43 per cent of total approvals.

Over the six months to December, housing credit increased at an annualised rate of 25 per cent, compared with a rate of 22 per cent over the six months to June.

Consumer price inflation has picked up over the past three months, to be 1.9 per cent over the year to March.

Ordinary - time earnings of adults working full time (AWOTE) increased by 0.4 per cent in the three months to May, and by 4.1 per cent over the past year (Graph 31).

On a trade - weighted basis, the exchange rate has appreciated by around 20 per cent over the past year.

Another important, although more temporary influence on inflation recently has been a large rise in the price of food, which was up by 1.8 per cent in the December quarter, and by 3.4 per cent over the year.

Assets of equity trusts have grown particularly strongly, to be up by 8 per cent in the March quarter and by nearly 40 per cent over the year.

After falling 20 per cent in the four years between September 1997 and September 2001, national accounts gross profits rebounded 58 per cent over the two years to September 2003 (Graph A1).

Wage rates, as measured by average weekly ordinary - time earnings of adults working full time (AWOTE), increased by 1.3 per cent in the three months to February and by 4.6 per cent over the year (Graph 19).

Industrial production expanded by 15.1 per cent over the year to March, up from 14.4 per cent over the year to December (Graph 8).

The fixed - weight deflator for private consumption rose by 1.5 per cent over the year to the December quarter, while the broader fixed - weight deflators also showed increases of less than 2 per cent.

Consumer price inflation was 2.8 per cent over the year to the March quarter, near the top of the Reserve Bank of New Zealand's target band.

Employment continues to expand at a modest pace, with payrolls up by 0.5 per cent over the year to March.

Household credit continues to grow rapidly, rising at an annualised rate of almost 23 per cent over the six months to December.

Retail price inflation in the UK continues to hold slightly above the Bank of England's 2.5 per cent target, coming in at 2.8 per cent over the year to September.

Looking forward, there is little evidence to suggest that the rate of credit growth is likely to slow in the near term, with new loan approvals for housing having increased by 24 per cent over the six months to August.

Base metals prices increased by around 7 per cent over the three months to April, although there was some retracement during April.

Following declines in the first half of 2003, dwelling investment rose by 2.6 per cent in the September quarter and by 5.3 per cent over the year.

A survey of trade union officials, conducted by ACIRRT (Australian Centre for Industrial Relations Research and Training) following release of the June quarter CPI, gave a median inflation forecast of 2 per cent over the year to June 1999, rising to 3 per cent over the year to June 2000 (Table 8).

The number of respondents to the NAB survey anticipating inflation to be greater than 3 per cent over the next ten years declined in the latest survey, although it remains the case that an expected inflation rate in the 3 to 4 per cent range is the most common survey response.

As discussed in the chapter on «International and Foreign Exchange Markets», the Australian dollar has continued to appreciate over recent months, rising on a trade - weighted basis by 5 per cent since early November and 21 per cent over the past year.

More recently, manufacturing output has continued to grow strongly, but shortages of coal have restrained output in energy - intensive sectors so that growth in total industrial production slowed to 5 per cent over the year to February.

Household credit increased at an annual rate of 23 per cent over the six months to December, and continues to be underpinned by strength in housing credit.

The GDP deflator has fallen by a more sizeable 2.2 per cent over the year to the September quarter, in part reflecting difficulties in estimating the investment price deflator.

House prices are also rising quickly, with the national measure climbing by 14 per cent over the year to the June quarter.

In the June quarter, the wage cost index (WCI) for total pay increased by 0.8 per cent in seasonally adjusted terms, to be 3.5 per cent higher over the year, compared with an increase of 3.6 per cent over the year to March 2003 (Graph 72).

In India, real GDP expanded by 6.2 per cent over 2004.

Non-tradables price inflation has been significantly stronger than tradables inflation for some time, and picked up slightly to 3.7 per cent over the year to the March quarter.

Tradables prices increased by 0.6 per cent over the year to the March quarter.

Nonetheless, with wholesale import prices having risen by about 10 per cent over the past year, some pick - up in consumer prices must be expected.

Combined with low gearing and favourable external financing conditions, this has underpinned a substantial increase in business investment of 11.1 per cent over the year to the March quarter, with particularly strong growth in investment in ITC equipment.

GDP grew by 0.6 per cent in the March quarter and by 2.8 per cent over the year, down from a peak of 3.6 per cent over the year to the June quarter 2004.

The increase in broad - money growth, to an annualised rate of around 7 per cent over the six months to June, brings it more into line with the growth in credit.

At the docks, import prices have increased by around 10 per cent over the four quarters to June.

National accounts data record a GDP decline of 17 per cent over the first two quarters of 1998, after a flat performance during the previous year, and imports have continued to fall rapidly.

In the past few months, the trade surplus has widened significantly, as export growth remained rapid, at 33 per cent over the year to March, while import growth slowed to 19 per cent over the same period.

Total household assets rose by 6 per cent over the year to the December quarter 2004 (Table 7), in line with income but well below the average of previous years.

In contrast, trade union officials surveyed by the Australian Centre for Industrial Relations Research and Training (ACIRRT) have revised down their forecasts for inflation by around 1/2 of a percentage point over the next year and now expect inflation of around 3 per cent over the next two years.

Another element of domestic financial conditions is the exchange rate, which has appreciated, in trade - weighted terms, by around 18 per cent over the past year, reducing the stimulus provided to the traded goods sector.

After being relatively stable at around 4 per cent over April, US yields on 10 - year treasury bonds fell to 3.1 per cent by mid June (Graph 9).

The Consumer Price Index (CPI) was flat in the June quarter, and increased by 2.7 per cent over the year (Table 15, Graph 68).

However, personal borrowing for non-housing purposes has also been strong recently, increasing at an annualised rate of 14.6 per cent over the six months to June.

This past month, in November, the sales - to - new - listing ratio was around 67 per cent over the entire month, but is now trending downward toward a balanced market.»

Household credit has grown at an average annual rate of 14 per cent since the mid 1990s, and by almost 20 per cent over the past year.

On the other side of intermediaries» balance sheets, growth in the broader monetary aggregates has remained fairly strong in recent months, to be running at an annualised rate of 11.8 per cent over the six months to June, slightly lower than growth in total credit (Graph 60).

Household credit increased at an annualised rate of around 23 per cent over the June quarter, with lending for investment housing expanding at an even more rapid annualised rate of 34 per cent over the quarter.

In China, GDP grew by just under 7 per cent in the year to the June quarter, with the value of exports increasing by around 35 per cent over the year (see Box B on «China and International Trade»).

Total credit increased at an annual rate of 13.9 per cent over the six months to June, slightly faster than growth over the previous six - month period (Graph 59).