Sunday, 22 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.K. Recession Threat Recedes as Economy Posts Solid July Growth
Monday, 9 September 2019 15:57 WIB | ECONOMY |Ekonomi inggris

The U.K. economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain was facing a possible pre-Brexit recession.

Gross domestic product rose 0.3% from June, the Office for National Statistics said Monday. Economists had predicted growth of just 0.1%. It left output unchanged over the latest three months.

The economy recorded growth across the board in July, with the dominant services expanding 0.3% -- its best month this year. All else being equal, GDP will grow 0.4% in the third quarter even if output remains unchanged in August and September, avoiding a second straight quarter of contraction.

Construction output rose 0.5%; manufacturing grew 0.3% despite a stagnant month for auto output, and total industrial production gained 0.1%. GDP was 1% higher compared with July 2018.

Source : Bloomberg

RELATED NEWS
Philly Fed manufacturing index drops to 12.0 for September, but tops forecasts...
Thursday, 19 September 2019 19:49 WIB

The Philadelphia Federal Reserve's manufacturing index fell to 12.0 in September after registering a reading of 16.8 in August. Any reading above zero indicates improving conditions. Economists polle...

U.K. retail sales slip 0.2% in August...
Thursday, 19 September 2019 15:47 WIB

U.K. retail sales fell 0.2% in August, as the prior month's gain from Amazon Prime Day reversed with a drop in non-store retailing. Economists polled by FactSet had forecast a 0.2% dip. The year-on-ye...

Australia's Unemployment Rises in August...
Thursday, 19 September 2019 08:52 WIB

Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months. Unemployment rose to a seas...

U.K. CPI slows more than forecast to 1.7% growth rate...
Wednesday, 18 September 2019 15:50 WIB

U.K. consumer prices slowed to 1.7% year-over-year growth in August from 2.1% in July, the Office for National Statistics said Wednesday. Economists polled by FactSet expected a 1.9% rise. Core CPI sl...

US: Retail sales rose 0.4% in August vs. 0.2% expected...
Friday, 13 September 2019 19:46 WIB

The data published by the US Census Bureau today revealed that retail and food services sail in August rose 0.4% on a monthly basis to $526.1 billion and beat the market expectation for an increase of...

LATEST NEWS
Hong Kong Stocks Close Down

Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67. The benchmark...

Wall Street Falls as Trade Optimism Fizzles

Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average fell 160.19 points, or 0.59%, to 26,934.6, the...

U.S. Oil Prices Up 6% For The Week, Biggest Weekly Gain in 3 Months

Oil futures ended lower on Friday, but tallied a gain of almost 6% for the week, the largest such rise in three months. As the Saudis reveal the extent of damages from the attacks on oil facilities last weekend, "the market mood has shifted to...

POPULAR NEWS
Gold Marks First Loss in 4 Sessions
Friday, 20 September 2019 01:13 WIB

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in...

Hong Kong Stocks End With Fresh Losses
Friday, 20 September 2019 03:36 WIB

Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the...

Gold Stands Tall Above $1,500 After Fed as Palladium Hits Record
Friday, 20 September 2019 16:00 WIB

Gold headed for the first weekly advance in four as mounting economic headwinds and monetary easing stayed in focus after this week's mixed...

Gold Prices Rise, Recover from Losses After Fed's Decisions
Friday, 20 September 2019 13:04 WIB

Gold prices rose on Friday in Asia, recovering from losses suffered in the previous session following the conclusion of the U.S. Federal Reserve's...