Monday, 18 December 2017
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.K. Shows Mixed Picture as Output Rises, Trade Deficit Widens
Tuesday, 10 October 2017 16:02 WIB | EUROPE |Ekonomi inggris

A picture of an economy struggling to gain momentum emerged in U.K. figures published Tuesday.

Industrial production rose 0.2 percent in August, boosted by a better-than-expected manufacturing performance, and construction clawed back some of the losses sustained in July, the Office for National Statistics said. But the trade deficit unexpectedly widened to the most in almost a year as imports jumped.

The British economy has dropped to the bottom of the Group of Seven growth league since the vote to leave the European Union last year as political uncertainty and inflation took their toll on spending.

But while Tuesday™s report paints what the ONS calls a œmixed picture, it is unlikely to deter Bank of England policy makers who have hinted they are preparing to raise interest rates as early as November to combat inflationary pressures.

Manufacturing rose 0.4 percent in August, boosted by metals and pharmaceuticals, and construction output climbed 0.6 percent following a 1 percent decline in July.

While industrial production is on course for a modest increase between July and September, construction is poised for a second straight quarter of contraction. Building output will fall unless September sees a gain of 1.9 percent, an increase last seen in December.

 

Source: Bloomberg

RELATED NEWS
Eurozone business activity at its strongest since 2011: IHS Markit...
Thursday, 14 December 2017 18:58 WIB

Aktivitas bisnis di zona euro meningkat lebih tinggi di bulan Desember, dipimpin oleh output pabrik yang kuat dan kenaikan di sektor jasa, data IHS Markit mengungkapan pada hari Kamis. Indeks manajer...

U.K. Retailers Get Black Friday Boost as Sales Jump 1.1%...
Thursday, 14 December 2017 16:40 WIB

Black Friday memberikan peritel Inggris dorongan yang lebih kuat dari perkiraan bulan lalu seiring diskon mendorong penjualan peralatan listrik dan produk rumah tangga lainnya. Volume barang yang dij...

German Factories Work at Record Speed as Strong 2017 Concludes...
Thursday, 14 December 2017 16:25 WIB

Jerman akan mengakhiri tahun ini dengan pertumbuhan ekonomi yang berakselerasi lebih lanjut, didukung oleh ekspansi manufaktur yang belum pernah terjadi sebelumnya. Indeks Manajer Pembelian 'aktivita...

U.K. Loses Most Jobs Since 2015 as Labor Market Shows Strain...
Wednesday, 13 December 2017 17:22 WIB

Pekerjaan di Inggris turun pada laju tercepat dalam hampir 2 1/2 tahun antara bulan Agustus dan Oktober, menandakan bahwa pasar tenaga kerja melambat. Jumlah orang yang bekerja turun 56.000, jumlah t...

Carney to Put Pen to Paper as U.K. Inflation Climbs Above 3%...
Tuesday, 12 December 2017 16:51 WIB

Inflasi AS secara tak terduga meningkat ke tingkat tertinggi dalam lebih dari 5 1/2 tahun di bulan November sehingga memaksa Gubernur Bank of England Mark Carney untuk menjelaskan mengapa pertumbuhan ...

POPULAR NEWS
All Main Stock Indexes Close at Records Ahead of GOP Tax Bill Draft

All main stock benchmarks closed at records on...

Gold Ends Slightly Higher, Marks First Weekly Rise in a Month

Gold ended with a modest climb Friday, logging a...

Hong Kong Stocks Fall 1 pct, Property and IT Firms Weigh (Review)

Hong Kong stocks fell on Friday, led down by...

LATEST NEWS
Hong Kong Stocks Fall 1 pct, Property and IT Firms Weigh (Review)

Hong Kong stocks fell on Friday, led down by property and information technology firms tracking their mainland peers, with sentiment dented by Wall Street™s weakness on concerns about the progress of U.S. tax reform. At close of trade, the Hang...

All Main Stock Indexes Close at Records Ahead of GOP Tax Bill Draft

All main stock benchmarks closed at records on Friday with the S&P 500 and the Dow Jones Industrial Average extending their weekly winning streak to four as Republicans prepared to outline their final version of the tax bill. Stocks have been...

Oil Prices Settle Higher, But Post Third Straight Weekly Decline

Oil prices settled higher Friday, but tallied a loss for a third straight week, on the back of ongoing concerns over growth in U.S. crude production. "The driving force behind oil markets remains [the Organization of the Petroleum Exporting...