U.K. Manufacturing Output Falls for First Time in Almost a Year
Wednesday, 11 April 2018 15:53 WIB | EUROPE |InggrisUK Manufacturing

U.K. manufacturing shrank for the first time in 11 months in February, led by output of machinery and equipment.

Factory production declined 0.2 percent from January, when output was unchanged, the Office for National Statistics said Wednesday. Overall industrial production rose a smaller-than- forecast 0.1 percent as below-average temperatures boosted demand for energy.

It brings to an end an unprecedented run for manufacturers that has helped to underpin the economy as the squeeze from rising prices takes its toll on consumer spending.

Seven out of 13 manufacturing sectors saw output decline in February, with machinery and equipment dropping 3.9 percent after a strong January. In the latest three months, output rose 0.6 percent, the least since July.

There was no evidence that the œBeast from the East™™ snowstorm affected production in February, the ONS said, though the freeze only began late in the month. It may, however, have contributed to a 1.6 percent decline in construction output during the month.

The decline in construction was driven by infrastructure, private industrial work and repairs. It followed a 3.1 percent drop in January, when work was halted at a number of sites following the collapse of contractor Carillion Plc.

The figures suggests the first three months of 2018 displayed a similar pattern to the end of 2017, with industrial output increasing and building work shrinking for a second consecutive quarter.

Growth may get a boost from trade after the deficit in goods and services narrowed much more than forecast to 965 million pounds ($1.37 billion) in February.

A fall in the value of exports was more than offset by an even greater decline in imports, much of it due to machinery and transport equipment and fuel.

The first-quarter shortfall will come in below the 7.6 billion pounds posted in the fourth quarter if March sees a deficit of less than 3.7 billion pounds.

Source: Bloomberg

RELATED NEWS

U.K. Inflation Drops More Than Expected to Slowest in a Year
Wednesday, 18 April 2018 16:01 WIB

Inflasi Inggris melambat ke level terlemah dalam setahun di bulan Maret seiring Bank of England bersiap untuk menaikkan suku bunga bulan depan. Harga konsumen naik 2,5 persen dari tahun sebelumnya, turun dari 2,7 persen pada Februari, Kantor Statistik Nasional mengatakan pada hari Rabu. Itu kurang ...

End to Squeeze Nears as U.K. Wages Increase Most Since 2015
Tuesday, 17 April 2018 15:52 WIB

Upah meningkat pada laju tercepatnya dalam hampir tiga tahun, meningkatkan prospek berakhirnya tekanan pada standar hidup. Pertumbuhan upah tahunan tidak termasuk bonus berakselerasi menjadi 2,8 persen dalam tiga bulan hingga Februari, Kantor Statistik Nasional mengatakan Selasa. Inflasi rata-rata ...

U.K. Factories in Best Growth Run Since 1997 Amid Global Upswing
Wednesday, 10 January 2018 16:49 WIB

Produsen Inggris mencatatkan ekspansi bulan ketujuh pada bulan November seiring sektor dari produsen makanan sampai ke produsen game dan peralatan olahraga meningkatkan output mereka. Output pabrik naik 0,4 persen dari Oktober, Kantor Statistik Nasional mengatakan pada hari Rabu. Secara keseluruhan...

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 pembelian awal, atau flash, komposit naik ke tingkat 58,0, tingkat tertinggi sejak Februari 2011, d...

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 dijual di toko dan online melonjak 1,1 persen dari Oktober, kenaikan terbesar dalam tujuh bulan, Kantor...

ANOTHER NEWS
Gold prices settle at lowest in 5 weeks
Thursday, 26 April 2018 00:51 WIB Gold prices settled with a loss on Wednesday, as strength in the U.S. dollar and Treasury yields and some gains in the stock market combined to push the precious metal to its lowest finish in five weeks. June gold declined by $10.20, or 0.8%, to...

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.