U.K. Economy Set for a Stronger Quarter as Output Rises Again
Wednesday, 10 April 2019 15:57 WIB | ECONOMY |Ekonomi inggrisGDP Inggris

The U.K. economy appears to be on course for a stronger-than-forecast first quarter after gross domestic product unexpectedly rose in February, despite the escalating crisis over Brexit.

GDP gained 0.2 percent from January, when it jumped 0.5 percent, the Office for National Statistics said Wednesday. Economists had expected output to flat-line. It left the three-month growth rate at 0.3 percent.

It means the economy will expand 0.5 percent in the first quarter if GDP is unchanged in March -- more than double the pace of the previous three months. The Bank of England is forecasting 0.3 percent. The ONS said there was some anecdotal evidence of Brexit stockpiling, as companies brought forward orders before the original March 29 deadline for leaving the EU.

The pickup in February was broad based, with manufacturing rising 0.9 percent and construction gaining 0.4 percent. The poorest performer was the dominant services industry, where output rose just 0.1 percent.

Separate figures showed the trade deficit narrowed marginally in February to 14.1 billion pounds ($18.4 billion). Exports rose but there was little evidence in the data of firms hoarding foreign goods in case of a no-deal Brexit, with imports falling in both value and volume terms.

The strength of February left GDP 2 percent higher than a year earlier, the fastest annual growth rate since the end of 2017. But the first quarter will once again get no help from trade, with the deficit in goods and services set to widen.

Eleven of 13 manufacturing sectors saw output increase in February, driven by basic metals and computer, electronic and optical products. The sector helped overall industrial production grow 0.6 percent.

In the services sector, financial and insurance services reduced output for a 12th consecutive month, the longest run since records began in 1997. The accommodation and food services sector and information and communication also contracted.

Source : Bloomberg


U.S. Retail Sales Rebound in October, But a Small Group of Stores Reap Most of the Gains
Friday, 15 November 2019 21:05 WIB

Sales at gas stations, car dealers and internet stores such as Amazon rose in October, but most other retailers posted weak results just before the start of the critical holiday shopping season. Retail sales increased 0.3% last month, the government said Friday, matching the forecast of economists ...

U.S. Wholesale Prices Get Gasoline Bump in October, PPI Shows
Thursday, 14 November 2019 20:52 WIB

The wholesale cost of U.S. goods and services posted the sharpest increase in October in six months, but aside from higher gas prices, there was little inflation to be found. The producer price index rose 0.4% last month, a notch higher than the estimate of economists polled by MarketWatch. Produc...

UK Retail Sales Drop 0.1% MoM in October vs. +0.2% Expected
Thursday, 14 November 2019 16:49 WIB

The headline UK retail sales came in to show an unexpected fall of 0.1% in October as compared to 0.2% growth expected and a flat reading recorded in the previous month. Meanwhile, the core retail sales, stripping the auto motor fuel sales, also fell by 0.3% MoM as against consensus estimates pointi...

German economy dodges recession with 0.1% expansion in Q3
Thursday, 14 November 2019 14:35 WIB

The German economy escaped a recession in the third quarter as strong consumer spending helped output grow 0.1% quarter-on-quarter, defying expectations of a contraction, preliminary data showed on Thursday. On the year, gross domestic product in Europe™s largest economy expanded by 0.5% from Jul...

Australia Employment Unexpectedly Drops in October; Dollar Falls
Thursday, 14 November 2019 08:33 WIB

Australian employment unexpectedly declined in October, rekindling the prospect for additional interest-rate reductions and sending the local currency lower. Jobs fell 19,000 from September, compared with economists™forecast of a 15,000 gain; the unemployment rate increased to 5.3% versus an...

US stocks set to fall amid rising worries around trade
Wednesday, 20 November 2019 19:39 WIB U.S. stock index futures were lower Wednesday as worries over U.S.-China trade relations dampened sentiment around a record-setting rally. Around 7:10 a.m. ET, Dow Jones Industrial Average futures indicated a loss of 79 points at the open. Futures...


Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.