UK Industrial & Construction Output Fall Unexpectedly
UK Industrial & Construction Output Fall Unexpectedly
Manufacturing and construction sectors 'weak' in May, trade deficit widens
09 July, 2017, 00:33
Industrial output grew 1.9% in May from April, when it fell 0.6%.
On Thursday, the leader of one of Britain's main business lobby groups put her organization's weight behind ongoing membership of the EU single market as well as the customs union.
Sterling dipped below $1.29 after Friday's data and hit its lowest level since June 28.
Meanwhile the construction industry also endured a hard month, failing to reverse April's 1.1 per cent decline by dropping 1.2 per cent in May against forecasts of 0.5 per cent growth.
However, reacting to the latest economic figures, Peter Dixon, an economist at Commerzbank, said: "It's all building up a pattern here that says the economy is clearly losing momentum".
EY Item Club chief economic adviser Howard Archer says the figures come on the back of several months of soft data and are set to drag of Q2 GDP growth. "Under those circumstances, the timing of the hawks on the Monetary Policy Committee pushing for a rate hike doesn't look great".
Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, said the industrial production data increased the likelihood of the Bank of England's Monetary Policy Committee keeping interest rates on hold at 0.25 per cent.
The strength of next Wednesday's official data on wages is now likely to be critical for BoE policymakers as they mull whether to raise interest rates from their record low 0.25 percent.
United Kingdom industrial production and construction output dropped unexpectedly in May, weighing on the economic growth for the second quarter. Industry figures have shown a fall in new auto sales.
The total trade deficit widened by £2.0 billion to £8.9 billion in the 3 months to May, driven by large increase in imports in March and then a further increase in May.
Similarly, manufacturing output dropped 0.2%, offsetting a 0.2% rise in April.
The Atlanta Hawks will not match the New York Knicks' massive four-year, $71 million contract offer to Tim Hardaway Jr . The club is looking for a veteran point guard to mentor rookie Frank Ntilikina but has limited resources to find one.
For example, imports sometimes rise when the US economy is doing well and Americans can better afford products from overseas . The U.S. trade deficit with China is also running ahead of last year's pace while the gap with Germany is roughly the same.
The message claimed that doctors stopped treating Liu with anti-cancer drugs, as well as traditional Chinese medicine. The news comes just before Chinese President Xi Jinping attends the G20 summit in Hamburg on Friday.
Linda's husband, Jerome Barsons , 78, was hospitalized and died on June 22, which was Linda's 68th birthday. Now, Palm Beach Gardens police say the investigation is ongoing and it is unclear who is at fault .
The four children killed were identified as Isabela Martinez, 10; Dacota Romero, 7; Dillan Romero, 4; and Axel Romero, 2. However, when the judge listed the charges, she shook her face head "no" and flapped her finger at him.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Maxim Group set a $52.00 target price on BeiGene and gave the company a "buy" rating in a research note on Saturday, March 11th.
One of his arrests was for a 2001 attack where he and four others punched, kicked and used brass knuckles in the beating of a cop. Cuomo and de Blasio extended their condolences to the Familia family and praised the fallen officer for her service to the city.
Negotiators representing two-thirds of the 192-member United Nations finalized the 10-page treaty this week after months of talks. In October 2016, the UN General Assembly voted to negotiate and conclude a treaty prohibiting nuclear weapons .
Humans get the virus from an infected mosquito's bite and mosquitoes acquire the virus by biting or feeding on infected birds. West Nile can cause multiple symptoms, such as disorientations, headaches, high fever, tremors, seizures and other illnesses.
It is a straightforward and popular way of assessing how much investors are willing to pay for each dollar a company earns. Since February 6, 2017, it had 0 insider purchases, and 2 insider sales for $11.71 million activity.
Ivanka Trump briefly sits in for her father at G20 session
Regardless of how world leaders feel about Trump himself, Ivanka's proximity does in fact garner her visible privilege. As reported , Ivanka Trump , who's also the president's special assistant, arrived at the summit with her father.
Kittel bursts through to win stage six
Froome came home third behind Ireland s Dan Martin in second, and took over the yellow jersey from Sky team-mate Geraint Thomas . "The short stages are much more exciting and intense".
RM plc (LON:RM) Receives Buy Rating from FinnCap
Out of 2 Wall Street analysts rating Coherus BioSciences, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". The stock of Antofagasta plc (LON:ANTO) earned "Hold" rating by Beaufort Securities on Thursday, April 28.
Arsenal will sign Riyad Mahrez, suggests Richard Keys
The Algeria worldwide is set to move on from the King Power Stadium this summer after a disappointing campaign previous year . If Alexis Sanchez departs the club this summer, Lemar and Mahrez have been looked at as a possible replacements.
Qatar response to demands negative - Arab states
Qatar has refused to comply with the 13 demands made by the Saudi-led quartet, so now the ball is in their court. Al Mu'allemi stressed that Qatar's continued support for terrorism has made Doha a haven for terrorists.