Ahead of festive season, retail credit growth nears 20% in August

In the run-up to the festive season, credit off-take across all sectors — farming, industry, services and retail — was robust in August 2022 compared to the same period a year ago. The pace of retail credit — demand from households and individuals — was 19.5 per cent year-on-year (YoY) in August … Read more

Net mortgage borrowing increases to £6.1bn in August: BoE

Net mortgage borrowing increased in August, rising to £6.1bn from £5.1bn in July, the latest Bank of England (BoE) figures show. Data shows that net mortgage borrowing is still above the pre-pandemic average of £4.3bn in the year to February 2020.  Gross lending showed little change last month at £25.4bn, down from £26bn in July.  … Read more

Aadhaar authentication grows 44% in August to 2.2 bn, says IT ministry

Authentication of individuals using Aadhaar grew by 44 per cent to about 220 crore in August, the IT ministry said on Thursday. As of end August 2022, a cumulative number of 8,074.95 crore Aadhaar authentications have been carried out so far, as against 7,855.24 crore such authentications by the end of July, … Read more

Hong Kong home prices drop 2.3% in August to lowest in 3-1/2 years By Reuters

© Reuters. FILE PHOTO: General view of an apartment building at the Tuen Mun neighbourhood in Hong Kong, China, August 20, 2019. REUTERS/Kai Pfaffenbach/ HONG KONG (Reuters) – Hong Kong private home prices fell 2.256% in August from a month earlier to the lowest since February 2019, official data showed on Wednesday, as market sentiment … Read more

Foreclosure starts rose in August

 After increasing for two consecutive months, the national delinquency rate fell by 3.6% in August, to just 4 basis points above the record low set in May, Black Knight said. However, foreclosure starts rose 14.7% compared with July and by nearly 174% over August 2021. The improvement in performance might be short-term given the consensus … Read more

6th Warmest August on Record

August 2022 was the world’s sixth-warmest August in 143 years, according to scientists at NOAA’s National Centers for Environmental Information. The warm August wrapped up the Northern Hemisphere’s second-hottest meteorological summer on record. Climate by the numbers August 2022 The average global land and ocean surface temperature in August was 1.62 degrees F (0.90 of … Read more

August Airline On-Time Performance Highest Since March 2022

Average North American airline on-time performance improved by more than 5 percentage points from July to 72.1 percent, the highest it has been since March 2022, according to Cirium’s monthly report. The improvement in the average score could have been affected by the omission of Allegiant Air and WestJet. Cirium for North America reviewed carriers … Read more

Trend in first-mortgage defaults changed in August

The first-mortgage default rate in August was the same as its July number, ending an upward trend that had brought it within range of the market’s September 2020 high. The default rate for first-lien home loans last month remained at 0.42%, according to an index published by Standard & Poor’s Dow Jones and Experian. That … Read more