German factory recession deepens; UK house prices jump – business live

Rolling coverage of the latest economic and financial news, as German industry continues to struggle badly

10.16am GMT

Here’s the latest house price data from Halifax, showing property prices rising at their fastest rate since the spring.

10.09am GMT

Economist Rupert Seggins points out that Halifax’s data shows a higher rise in house prices than other indices.

Fair old jump in the growth rate in the Halifax house price index from 0.9%y/y in Oct to 2.1%y/y in Nov (guys, you’re making me nervous again). Highest rate of growth of the major indices that have reported Nov figures. Latest readings range from -0.5%y/y (LSL) to 2.1%y/y (Hal). pic.twitter.com/SiTs4mQVcq

Continue reading…Rolling coverage of the latest economic and financial news, as German industry continues to struggle badlyLatest: UK house prices up 1% in NovemberIntroduction: German industrial output slumped in OctoberOutput -5.3%: worst since 2009Recession fears are rising after ‘disastrous’ dataComing up: US jobs report at 1.30pm GMT 10.16am GMTHere’s the latest house price data from Halifax, showing property prices rising at their fastest rate since the spring. 10.09am GMTEconomist Rupert Seggins points out that Halifax’s data shows a higher rise in house prices than other indices.Fair old jump in the growth rate in the Halifax house price index from 0.9%y/y in Oct to 2.1%y/y in Nov (guys, you’re making me nervous again). Highest rate of growth of the major indices that have reported Nov figures. Latest readings range from -0.5%y/y (LSL) to 2.1%y/y (Hal). pic.twitter.com/SiTs4mQVcq Continue reading…