Tuesday, 25 September 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

U.K. August Retail Sales Unexpectedly Gain in Summer Heatwave...
Thursday, 20 September 2018 15:49 WIB

Penjualan ritel AS secara tidak terduga meningkat bulan lalu karena musim panas terpanas dalam catatan mendorong pembeli untuk keluar. Penjualan naik 0,3 persen dari Juli, dibandingkan dengan estimas...

U.K. Inflation Unexpectedly Accelerates on Theater Prices, Fares...
Wednesday, 19 September 2018 15:53 WIB

Inflasi U.K tanpa diduga meningkat pada bulan Agustus, didorong oleh biaya pertunjukan teater, permainan komputer, tarif transportasi, dan pakaian. Pertumbuhan harga konsumen tahunan naik menjadi 2,7...

Retail Sales Grow By Smallest Amount In Six Months...
Friday, 14 September 2018 19:51 WIB

Pengecer AS membukukan penjualan terlemahnya pada bulan Agustus dalam enam bulan terakhir dan hanya peningkatan pembelian di SPBU yang mencegah penurunan langsung, tetapi mendapatkan dorongan kecil da...

U.S. Core Inflation Unexpectedly Cools on Apparel, Medical Costs...
Thursday, 13 September 2018 19:48 WIB

Pengukur inflasi AS yang mendasari secara tiba-tiba melambat pada bulan Agustus karena harga pakaian mengalami penurunan terbesarnya dalam sekitar tujuh dekade terakhir dan biaya perawatan medis menur...

Producer Prices in U.S. Decline for First Time in 18 Months...
Wednesday, 12 September 2018 19:41 WIB

Harga produsen AS secara tiba-tiba menurun pada bulan Agustus, penurunan pertama dalam 18 bulan terakhir, pada penurunan biaya untuk sektor layanan dan makanan, menurut laporan dari Departemen Tenaga ...

Brent oil extends climb to 4-year high, while U.S. crude set for longest streak of gains in 2 months

Oil futures on Tuesday extended a recent uptrend that has taken the global benchmark to around a four-year high and put its U.S. counterpart on track for its longest streak of advances since the end of July, supported by expectations for coming...

US futures fluctuate as political turmoil keeps investors on edge

U.S. stock index futures eked out minor gains ahead of Tuesday's open. Around 5:00 a.m. ET, Dow futures rose 20 points, indicating a positive open of 38.95 points. Futures on the S&P 500 were slightly up, indicating a positive open of 2.48...

Euro struggles despite Draghi's inflation comments

The euro struggled on Tuesday despite European Central Bank president Mario Draghi™s comments about œrelatively vigorous inflation in the previous session, while the dollar paused before the U.S. Federal Reserve™s policy meeting. The euro...

Gold Expected To Gain Some Luster After Fed
Monday, 24 September 2018 11:35 WIB

Wall Street and Main Street both look for gold prices to rise this week, based on the weekly Kitco News gold survey. The U.S. Federal Open Market...

Gold Settles Higher Ahead Of Broadly Expected Fed Rate Hike This Week
Tuesday, 25 September 2018 03:13 WIB

Gold futures settled higher on Monday, recouping some of their recent loss as investors awaited what™s widely expected to be the Federal...

Gold Drops Second Day as Trade War, Rate Hike in Focus
Monday, 24 September 2018 08:36 WIB

Gold declines for second day with trade war in focus as U.S. and China hours away from new round of tariffs on each other's goods, and as...

Hong Kong stocks fall at open
Monday, 24 September 2018 09:00 WIB

Hong Kong stocks fell in the first few minutes of trade Monday after China called off planned trade talks with the United States, fuelling fears of...