United Kingdom industrial and manufacturing data surprises on the upside

12 November, 2017, 02:59 | Author: Terri Saunders
  • A car being built as the Office for National Statistics revealed economic data

The figures reportedly suggest that manufacturing may help to counteract a consumer-led slowdown in the economy.

United Kingdom industrial production is increasing more than expected and the trade deficit is narrowing, a deluge of official figures showed on Friday, with manufacturing activity continues to grow but the construction sector entered a technical recession. Industrial output grew 2.5 per cent in the first half of this fiscal compared to 5.8 per cent a year before.

"Given that manufacturing represents a relatively small share of the United Kingdom economy, the persistent weakness in consumer spending is a bigger consideration for the Bank of England", Smith said.

The IIP (Indices of Industrial Production) is compiled using data received from 14 government agencies including the Department of Industrial Policy & Promotion, Ministry of Petroleum & Natural Gas, and Department of Fertilisers.

Month-on-month, industrial production rebounded 0.5 percent from August, when it edged down by 0.1 percent.

Construction cranes are seen by St Paul's cathedral at dawn in London, Britain, January 13, 2017.

Keith Urban Debuts New Track 'Female'
Urban is set to perform " Female ", written by Ross Copperman , at the Country Music Assn. "And as a son - my mother is alive". The lyrics streamed on the stage behind him - and they were quite powerful lyrics.


Industrial production rose 3.8 percent year-on-year in September, which was slower than the 4.1 percent growth economists had expected.

Industrial output, which includes manufacturing, accounts for 14% of the United Kingdom economy.

Figures for the much bigger services sector are due on November 23.

The ONS had pencilled in a 1 per cent expansion in manufacturing, following an 0.3 per cent contraction in the second quarter.

The visible trade deficit narrowed to GBP 11.25 billion in September from GBP 12.35 billion in the previous month. "So we remain optimistic that net trade will provide more support to growth in the quarters ahead".

Until now, there has been little sign of any big boost to British exports from the sharp fall in the value of the pound that followed last year's Brexit vote.

Recommended:

  • Corn, Soybean Futures Consolidate After Report

    Corn, Soybean Futures Consolidate After Report

    That would be the most acres harvested in the state since 2011, when Colorado farmers harvested 1.3 million acres. Department of Agriculture (USDA), which will estimate U.S. 2017-18 ending stocks for wheat, corn and soybeans .
    Loftus-Cheek wins Man of the Match on England debut

    Loftus-Cheek wins Man of the Match on England debut

    Despite only making 12 Premier League appearances, Loftus-Cheek displays a kind of arrogance that makes him stand out. I had to be really patient and have the mentality to still train right and do all the right things.
    President Duterte Claims He Stabbed Someone to Death at 16

    President Duterte Claims He Stabbed Someone to Death at 16

    He said on Wednesday that if Agnes Callamard, the United Nations special rapporteur on extrajudicial, summary or arbitrary executions, investigates him for the killings, "I will slap her in front of you.
  • Disneyland shuts down 2 cooling towers after Legionnaires' disease cases

    Disneyland shuts down 2 cooling towers after Legionnaires' disease cases

    It becomes problematic when it is in large quantities, typically due to stagnant or improperly sanitized spas and water systems. The two cooling towers are located in a backstage area behind the New Orleans Square train station area of the theme park.
    Saudi-led strikes hit defence ministry in Yemen capital

    Saudi-led strikes hit defence ministry in Yemen capital

    Yemen has been immersed in a violent conflict between President Abd Rabbuh Mansur Hadi's government and the Houthi Shia movement. People inspect the rubble of houses destroyed by earlier Saudi-led airstrikes in Sanaa, Yemen.
    USA  warships cause fresh tension in Korea Peninsula

    USA warships cause fresh tension in Korea Peninsula

    Also on Saturday, the USA and South Korean navies launched four days of joint drills off the east coast of South Korea. During his recent visit to Seoul, Trump said, " North Korea is not the paradise your grandfather envisioned.
  • Morocco, Tunisia qualify for Russian Federation  2018 World Cup

    Morocco, Tunisia qualify for Russian Federation 2018 World Cup

    Before today's matches, Morocco had 9 points while the Ivorians had 8 points; meaning the victor of the match would qualify. But it was the Moroccans who got the breakthrough when Nabil Dirar's cross evaded everyone and found its way it to the net.
    Delhi defers odd-even scheme

    Delhi defers odd-even scheme

    Pollution levels are 30 times the World Health Organisation's recommended limit in some areas of the national capital. Pulling up the Punjab government, it asked the Amarinder Singh government to take immediate measures.
    Republicans advance tax cut packages through House and Senate

    Republicans advance tax cut packages through House and Senate

    Essentially, wealthier individuals would see their tax rate increase be 6% for income between $1 and $1.2 million. The Senate measure fails to repeal the estate tax , though it doubles the size of estates exempted from the tax.
  • Congress to keep struggling for 18% GST cap: Rahul

    Congress to keep struggling for 18% GST cap: Rahul

    Reminding the public of Prime Minister Narendra Modi's election promise of providing two crore jobs annually, Mr. If someone was dissatisfied, we being a sensitive government were forthcoming in making changes.
    Millennium Falcon is hiding in plain sight on Google Earth

    Millennium Falcon is hiding in plain sight on Google Earth

    Some folks casually stumbled upon the Millennium Falcon resting in a field in Surrey, England , next to Barrows Hills Golf Club . Rey was last seen piloting the Falcon in the most recent Star Wars film but nobody expected her to end up here.
    Has 'Agent Pogba' Done It Again For Manchester United?

    Has 'Agent Pogba' Done It Again For Manchester United?

    Pogba is not the only senior player training with the Red Devils' Under-23 side. I am sure as he is very good and had a great pre-season.


Popular

Man United Suffers Setback in Fellaini Contract Talks
Manchester United are claimed to be keen on offloading Luke Shaw this January, with Arsenal said to be keen on his signature. Manchester United snapped up the player for £29m in 2014, becoming the most expensive teenager in world football.

Argentina, Russia to re-open the Russian historic stadium
Driussi has been earmarked as a potential Argentina team-mate of Messi's having impressed coming through the ranks. Three minutes later, Aguero forced Akinfeev into a diving save to deny his attempt from just outside the box.

SBI net slips 38 per cent on higher provisioning
The drop came after the bank's bad loans had climbed since SBI merged its five subsidiary banks with itself earlier in the year. Instead, the NPAs worsened from a year ago, with gross NPAs at 7.14 per cent and net NPAs at 4.19 per cent as on September 2016.

Injustice 2's Fighter Pack 3 Adds Atom, Enchantress and … Ninja Turtles?
Injustice 2 will receive its final DLC character pack soon, and the characters have been announced in a new video. Injustice 2 is out now for Xbox One and PlayStation 4, with a PC release date slated for November 14th.

Lewis Hamilton Furious Over Mercedes Team Robbery At Brazilian Grand Prix
Brendon Hartley made his F1 debut in Texas and is now set to also compete in Mexico, Brazil and Abu Dhabi . Kimi Raikkonen and Sebastian Vettel rounded out the top four, inside one-tenth of a second back.

Early orders of Google Pixel Buds are now shipping
It seems that Google latest flagships, the Pixel 2 and Pixel 2 XL are turning to be one of the buggiest ones. Likewise, device owners have reported the issues persists regardless of which brand of headphones are used.

Here's the one way to legally stream Taylor Swift's 'reputation' (sort of)
Also as expected, the album was not immediately available from any streaming service except via a promotion from iHeartRadio. James' parents appear to be part of Taylor Swift's squad - or at least Blake Lively is, and Ryan Reynolds is by proxy.

Racing is my priority, not tax issue, says F1 champ Lewis Hamilton
Hamilton , who won his fourth F1 title on October 29 in Mexico, is in Sao Paulo for this weekend's Brazilian Grand Prix. His Mercedes team have stated that the matter is in the hands of his lawyers and he would make no further comment.

Thousands of immigrants are losing their DACA protections already
A spokesperson for the US Capitol Police said 15 adults were arrested during the protests, according to the Washington Post . Of the 155,000 people who were eligible to apply in the six-month window, about 133,000 did file applications on time .

Chinese powerhouse Tencent now owns 12pc of Snap
The company brought in $207 million in revenue for the third quarter, up 62 percent over the same period a year ago . Tencent has had a good relationship with Evan Spiegel , according to GBH Insights' chief strategy officer.