Sunday, 22 July 2018
New York
U.K. Services Lift Growth in May in Rebound from Bleak Winter
Tuesday, 10 July 2018 15:53 WIB | ECONOMY |Ekonomi inggrisUK Manufacturing

The U.K. economy is bouncing back from a near standstill in the first quarter, led by services such as retailing and computer programming.

Gross domestic product increased 0.2 percent in the three months through May, the Office for National Statistics said in its first publication of rolling monthly growth figures on Tuesday. In the month of May, output gained 0.3 from April.

The figures support Bank of England Governor Mark Carney™s argument that the slump at the beginning of the year was temporary and weather related. Policy makers are considering whether to raise interest rates as early as next month if evidence suggests the economy is expanding fast enough to stoke domestic inflation pressures.

The change in format for the GDP release means that the BOE won™t have a full second-quarter estimate of growth when it meets next month. Carney has nevertheless said that the rate- setting panel will have enough information to make a decision.

Tuesday™s report suggests growth will accelerate in the second quarter from the first, when it slowed to a meager 0.2 percent. Services would have to fall 1.7 percent in June to have a neutral impact on the period, and construction would have to decline 1.5 percent.

Recent evidence suggests that England™s success in the World Cup soccer tournament is boosting U.K. consumer spending. On the other hand, uncertainty over Britain™s departure from the European Union continues to weigh on the outlook.

Construction output surged 2.9 percent in May, the most in more than two years, extending a rebound from a snow-blighted first quarter. Manufacturing production gained a weaker-than- expected 0.4 percent.

Nine of the 13 manufacturing sectors saw output rise last month, with pharmaceutical products and transport equipment contributing most to the gain. Overall industrial production unexpectedly fell, hurt by a shutdown at the Sullom Voe oil and gas terminal in the North Sea.

Separate figures showed the trade deficit in goods was little changed at 12.4 billion pounds. The overall trade gap narrowed.

Source : Bloomberg

UK retail sales dropped 0.5% m/m in June, a big miss on expectations...
Thursday, 19 July 2018 16:13 WIB

Penjualan ritel Inggris turun 0,5% selama bulan Juni, di bawah ekspektasi pasar sementara penjualan ritel inti tidak termasuk penjualan bahan bakar motor mobil turun 0,6% bulanan. Pada basis tahunan,...

U.S. Housing Starts Plunge by Most Since 2016 to Nine-Month Low...
Wednesday, 18 July 2018 20:16 WIB

Groundbreaking rumah baru AS dan perizinan turun pada bulan Juni ke laju paling lambat dalam sembilan bulan, terkait tingkat hipotek yang lebih tinggi serta kenaikan biaya untuk tenaga kerja dan bahan...

U.K. Inflation Unexpectedly Stays at 2.4% Amid Clothes Discounts...
Wednesday, 18 July 2018 16:03 WIB

Inflasi Inggris secara tidak terduga bertahan 2,4 persen bulan lalu karena pakaian dan permainan komputer yang lebih murah mengimbangi kenaikan biaya kendaraan. Harga konsumen tidak berubah dari Mei,...

U.K. Employment Reaches Record High as Job Creation Continues...
Tuesday, 17 July 2018 15:54 WIB

Tenaga kerja Inggris naik ke rekor tertingginya dalam tiga bulan hingga Mei setelah ekonomi menciptakan lapangan kerja pada kecepatan yang lebih kuat dari yang diperkirakan. Jumlah orang yang bekerja...

U.S. Retail Sales Climb Again in June After Jumbo Gain in May...
Monday, 16 July 2018 20:03 WIB

Penjualan di ritel seperti dealer mobil, restoran, dan situs Internet naik lagi pada bulan Juni setelah kenaikan mammoth pada Mei, menggarisbawahi kekuatan ekonomi AS saat perubahan musim semi menjadi...

Hong Kong shares close higher

Hong Kong stocks closed higher Friday, with Chinese shares ending above water for the first time this week as the weak yuan currency defied US President Trump's attack on a strong dollar. The Hang Seng Index rose 0.76 percent, or 213.62 points, to...

Pompeo : US Won't Allow Russian Questioning of Former US Ambassador

The U.S. has no intention of allowing Russia to question Michael McFaul, Washington's former ambassador to Moscow and a fierce critic of Russian President Vladimir Putin, Secretary of State Mike Pompeo told VOA on Thursday. "It's not going to...

Dollar sees biggest one-day drop in 3 weeks after Trump comments

The U.S. dollar got pummeled on Friday after President Donald Trump accused China and the European Union of currency and interest-rate manipulation that he says has put the U.S. at a disadvantage. The ICE U.S. Dollar Index traded 0.7% lower to...

Gold Prices Pare Losses, But Still End at a 1-Year Low
Friday, 20 July 2018 00:55 WIB

Gold futures gave up much of their declines Thursday, but still finished at their lowest in about a year. President Donald Trump voiced his...

Gold at Lowest in a Year as Dollar Emboldens Bears
Thursday, 19 July 2018 17:19 WIB

Gold trades at lowest in a year as Federal Reserve Chairman Jerome Powell™s comments on U.S. employment and inflation help to sustain...

Gold Heads for Weekly Decline as Rate Outlook in Focus
Friday, 20 July 2018 09:02 WIB

Gold drops to trade near lowest in a year as investors weigh Federal Reserve Chairman Jerome Powell's comments on interest rate...

Gold Steadies Within Correction Territory After Trump Remarks Sting Dollar
Friday, 20 July 2018 20:07 WIB

Gold prices managed a slim early advance Friday, barely chipping away at a weekly loss as the metal remained pinned within the correction territory...