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👤Xinyang
🕔December 9, 2016
News Event
From Trading Economics: The trade deficit in the United Kingdom narrowed by £3.8 billion to £2.0 billion in September 2016 from an upwardly revised £5.8 billion in the previous month. It was the smallest trade gap since May this year, as exports increased by 4.6 percent, boosted by a 8.7 percent rise in the export of goods, while imports declined by 3.6 percent.…
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👤Arthur Greene
🕔December 7, 2016
A surprise 1.3% drop in production over the month followed a 0.4% decrease in September, according to the Office for National Statistics, and was the biggest monthly fall in four years and is far worse than the 0.2% rise forecast by economists.…
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👤Arthur Greene
🕔November 28, 2016
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The highly uncertain outlook for Britain’s economy as the country prepares to leave the European Union means the Bank of England should keep interest rates on hold, one of the bank’s top policymakers said on Monday.
Gertjan Vlieghe, one of the strongest advocates for Bank of England stimulus in the aftermath of June’s Brexit vote, said upside or downside surprises in Britain’s economy need not prompt automatic changes in British monetary policy.
…
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U.K GDP Q3 at 0.5%
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👤Arthur Greene
🕔November 27, 2016
There seems to be no surprises in the UK GDP release: quarterly growth remains 0.5%, and yearly growth is 2.3%. Among the internal components, we find a rise of 0.9% in business investment while services stand at 0.8%. Exports are up 0.7% and imports down 1.5%.…
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👤Arthur Greene
🕔November 8, 2016
UK industrial production surprisingly dropped in September, according to official figures, but manufacturing output was unexpectedly stronger.
The figures confirmed that British industry overall dragged on otherwise robust economic growth in the third quarter. By contrast, consumers have shown no sign of curbing their spending after June’s vote to leave the European Union.…
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👤Arthur Greene
🕔November 2, 2016
The purchasing managers’ index (PMI) for the UK construction industry edged up to 52.6 in October from 52.3 in September, when it had jumped above the crucial 50 mark for the first time since May. Any reading above 50 suggests growth.…
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👤Arthur Greene
🕔October 27, 2016
The gross domestic product (GDP) is the measure of economic activity in a country. Traders pay close attention to a country’s GDP because it acts as the report card of an economy.
The U.K. economy grew by 0.7% (revised from 0.6%) in the three months to June 2016, higher than the 0.4% uptick analysts had estimated and marks the 14th consecutive month of expansion.…
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👤Nurudeen Amedu
🕔October 21, 2016
The Office for National Statistics (ONS) today reported that public sector net borrowing which excludes public sector banks, rose by 14.5%, the state had to borrow £10.6 billion in September due to the fact that the amount of money it generated through taxes and other means was less than it needed.…
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👤Nurudeen Amedu
🕔October 20, 2016
A flat reading was recorded for the UK retail sales in the month of September after the previous 0.2% decrease in the month of August. The figures, from the Office for National Statistics today, also revealed that sales with the exception of auto fuel were unchanged from August.…
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👤Xinyang
🕔October 18, 2016
News Event
From Trading Economics: United Kingdom consumer prices rose 1 percent in the year to September 2016, following a 0.6 percent growth in August and above markets expectations of a 0.9 percent gain. It was the highest inflation rate since November 2014 amid rising prices for clothing, overnight hotel stays and motor fuels, and a weaker pound.…
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