UK final GDP Contracts 0.2% M/M In Q2, Meets Estimates
Monday, 30 September 2019 15:55 WIB | ECONOMY |Ekonomi inggris

The UK GDP second estimate showed that the economy contracted by 0.2% q/q in the second quarter of 2019, the same as that seen in the first readout while matching the consensus forecasts.

While on an annualized basis, the UK economy™s growth rate arrived at 1.3% in Q2, beating the expectations of 1.2% and up from 1.2% previous reading.

Separately, the UK Total Business Investment data arrived at -0.4% q/q in Q2 while at -1.4% y/y for the same period. Both the figures came in above the consensus forecasts.

Meanwhile, the UK Q2 Current Account deficit stood at GBP -25.20 billion vs. GBP -19.500 billion expected and GBP -33.08 billion last.

The pound remained unfazed by the mixed UK GDP revision, with the Cable holding onto gains above the 1.23 handle.   

Source : FX Street

RELATED NEWS

Philly Fed Manufacturing Index Stumbles in October
Thursday, 17 October 2019 19:57 WIB

The Philadelphia Federal Reserve said Thursday its gauge of business activity fell to 5.6 in October from 12 in September. Economists polled by Econoday expected a 7.1 reading. Any reading above zero indicates improving conditions. The barometers on new orders and shipments were mixed. The new orde...

UK retail sales growth softens in third-quarter as department stores disappoint
Thursday, 17 October 2019 16:03 WIB

British shoppers grew more cautious about their spending in the three months to September despite enjoying real growth in their wages, raising concerns about the health of the economy in the run-up to Brexit. Consumer spending has been the biggest driver of British economic growth since June 2016's...

Australian Unemployment rate 0.1% lower and AUD rallies some 30 pips
Thursday, 17 October 2019 08:00 WIB

Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon  as next month, so today's  labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate curre...

U.S. retail sales snap 6-month winning streak in September as receipts fall 0.3%
Wednesday, 16 October 2019 19:40 WIB

Sales at U.S. retailers fell in September for the first time in seven months as most stores posted lower receipts, signaling that a widely expected slowdown in consumer spending is underway. Retail sales fell 0.3% last month, the government said Thursday, ending a streak of six straight strong gain...

U.K. Inflation Holds Below BOE Target as Fuel Costs Fall
Wednesday, 16 October 2019 15:58 WIB

Motoring costs fell last month and the price of computer games jumped, leaving U.K. inflation comfortably below the Bank of England™s 2% target. Consumer-price growth held at a near three-year low of 1.7% in September, the Office for National Statistics said Wednesday. Core inflati...

ANOTHER NEWS
Hong Kong stocks open higher
Friday, 18 October 2019 09:05 WIB Hong Kong stocks opened with slight gains Friday morning after Britain and the European Union hammered out a Brexit deal, while investors awaited the release of Chinese economic growth figures. The Hang Seng Index added 0.23 percent, or 62.06...

DISCLAIMER

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.