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

U.K. inflation slowed to the weakest level in a year in March as the Bank of England prepares to lift interest rates next month.

Consumer prices rose 2.5 percent from a year earlier, down from 2.7 percent in February, the Office for National Statistics said on Wednesday. That™s less than economists estimated. Core inflation cooled to 2.3 percent, also the lowest rate in a year.

The figures may weaken the case for more BOE interest-rate increases later this year. Policy makers are widely expected to raise the benchmark for a second time in six months at their May meeting as price gains continue to exceed the 2 percent target.

The pound tumbled after the data, sliding 0.5 percent to $1.4217 as of 9:37 a.m London time.

While a hike next month is still almost fully priced in by markets, traders are now pricing in about a 40 percent chance of a follow up in November, down from above more than 50 percent at the start of this week.

Downward momentum on inflation came for women™s clothing, which rose at a slower pace than usual for this time of year, the ONS said. Alcohol and tobacco taxes also didn™t increase as usual after the government changed the timing of its annual budget announcement to the autumn.

Producer prices eased to the lowest rate since 2016, mainly due to smaller increases in food prices, the report said. Input prices gained 4.2 percent from a year earlier in March, driven by higher crude oil costs.

The ONS™s house-price gauge showed an annual gain of 4.4 percent in February, down from 4.7 percent in January. Prices in London fell for the first time since 2009.

Source: Bloomberg


German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB

Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services. A flash reading of the country's composite Purchasing Managers' Index stayed at 52.6 in June, IHS Markit said on Friday, a slightly better reading tha...

U.K. Wages Grow at Fastest Pace Since 2008 in Tight Labor Market
Tuesday, 22 January 2019 17:09 WIB

Britons are enjoying the strongest wage growth since the financial crisis a decade ago as the labor market tightens. Average earnings excluding bonuses continued to increase an annual 3.3 percent in the three months through November and unemployment fell to 4 percent, matching the lowest since 1975...

U.K. Retailers Get Black Friday Boost as Sales Surge
Thursday, 20 December 2018 17:06 WIB

Black Friday gave U.K. retailers an unexpected boost in the run-up to the key Christmas trading period. The volume of goods sold in stores and online jumped 1.4 percent in November, the most in six months, following two months of declines. An increase of just 0.3 percent was forecast in a Bloomberg...

German business confidence slumps in December
Tuesday, 18 December 2018 17:36 WIB

German business confidence fell more than expected in December, indicating that Europe's largest economy could face a protracted soft patch amid international trade tensions. The closely watched Ifo business-climate index fell to 101 in December from 102 the previous month, missing economists' fore...

U.K. Retail Sales Unexpectedly Fall in Poor Start to Quarter
Thursday, 15 November 2018 16:46 WIB

U.K. retailers made a faltering start to the fourth quarter as sales unexpectedly fell for a second month in October. The volume of goods sold in stores and online declined 0.5 percent from September, the Office for National Statistics said Thursday. The median forecast in a Bloomberg survey was fo...

Tokyo Stocks Close Lower as Trade Optimism Fades
Wednesday, 17 July 2019 13:40 WIB Tokyo stocks closed lower on Wednesday tracking falls on Wall Street, as optimism over US-China trade talks receded after recent comments from both sides. The benchmark Nikkei 225 index lost 0.31 percent, or 66.07 points, to close at 21,469.18,...


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.