FOREX TradingCharts.com

Financial News: UK Economic Growth Remains Subdued In Q4: BCC

UK Economic Growth Remains Subdued In Q4: BCC

01/10/2018 - 03:41:00 (RTTNews)

(RTTNews) - The growth in the UK economy remained subdued at the end of 2017, according to the Quarterly Economic Survey published by the British Chambers of Commerce.

The survey showed that almost all services indicators were below their pre-EU referendum levels and the strong performance of manufacturers eased slightly in the fourth quarter.

The survey underscored that skill shortages were reaching critical levels. In services, the percent of firms reporting recruitment difficulties rose to 71 percent, the highest since records began. At the same time, the percent in manufacturing was the highest since the fourth quarter of 2016.

In the manufacturing sector, the proportion of firms reporting improved export sales and orders fell slightly from previous quarter. The indicators for domestic sales, employment expectations, recruitment and confidence in turnover were also lower than in the third quarter.

In the service sector, a key driver of the UK economy, growth remains muted and relatively unchanged from the previous three months. The proportion of firms confident that turnover and profitability will improve in the next year decreased.

"Looking forward, the UK economy is set to continue on an underwhelming growth trajectory over the near term with uncertainty over the impact of Brexit coupled with high inflation and weak productivity likely to dampen overall economic activity," Suren Thiru, head of economics at the BCC, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: Prosecutors Want BNY Mellon To Pay R$ 8.2 Billion To Postalis (46 min(s), 32 sec(s) ago)
(RTTNews) - The Brazilian Public Prosecutor's Office in São Paulo (MPF-SP) filed a public civ ...Full Story»

COLOMBIA: Industrial Production Rises 0.3% In November On Annual Basis (01 hr(s), 0 min(s),32 sec(s) ago)
(RTTNews) - Colombia's industrial output rose by 0.3% in November on an annual basis, while sa ...Full Story»

CHILE: Cochilco Raises Copper Price Estimate To US$ 3.06 Per Pound In 2018 (03 hr(s), 37 min(s), 32 sec(s) ago)
(RTTNews) - The Chilean Copper Commission (Cochilco) raised its 2018 average copper price estimate ...Full Story»

ARGENTINA: YPF And Statoil Reach Exploration Agreement In Neuquén (03 hr(s), 51 min(s), 32 sec(s) ago)
(RTTNews) - Argentinean state-owned oil company YPF sealed a definitive agreement with Statoil Arg ...Full Story»

Decrypting 'Cryptocurrency' (06 hr(s), 30 min(s), 32 sec(s) ago)
(RTTNews) - A cryptocurrency is a digital asset that works on a medium that uses cryptography, the ...Full Story»

Ripple Revealed (06 hr(s), 37 min(s), 32 sec(s) ago)
(RTTNews) - Ripple is one of the most popular cryptocurrencies in South Korea, a leading market fo ...Full Story»

S. Africa CB Maintains Key Rate (06 hr(s), 47 min(s), 32 sec(s) ago)
(RTTNews) - South Africa's central bank kept its key interest rate unchanged on Thursday and g ...Full Story»

Philly Fed Index Indicates Slower Growth In January (06 hr(s), 48 min(s), 32 sec(s) ago)
(RTTNews) - Growth in activity in the Philadelphia-area manufacturing sector slowed by more than a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: Prosecutors Want BNY Mellon To Pay R$ 8.2 Billion To Postalis

01/18/2018 - 16:01 PM (RTTNews)
(RTTNews) - The Brazilian Public Prosecutor's Office in São Paulo (MPF-SP) filed a public civ ...Full Story>>

COLOMBIA: Industrial Production Rises 0.3% In November On Annual Basis

01/18/2018 - 15:47 PM (RTTNews)
(RTTNews) - Colombia's industrial output rose by 0.3% in November on an annual basis, while sa ...Full Story>>

CHILE: Cochilco Raises Copper Price Estimate To US$ 3.06 Per Pound In 2018

01/18/2018 - 13:10 PM (RTTNews)
(RTTNews) - The Chilean Copper Commission (Cochilco) raised its 2018 average copper price estimate ...Full Story>>

ARGENTINA: YPF And Statoil Reach Exploration Agreement In Neuquén

01/18/2018 - 12:56 PM (RTTNews)
(RTTNews) - Argentinean state-owned oil company YPF sealed a definitive agreement with Statoil Arg ...Full Story>>

Decrypting 'Cryptocurrency'

01/18/2018 - 10:17 AM (RTTNews)
(RTTNews) - A cryptocurrency is a digital asset that works on a medium that uses cryptography, the ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.