FOREX TradingCharts.com

Financial News: UK Growth Likely To Slow To 1.9% In

UK Growth Likely To Slow To 1.9% In Q3 - NIESR

07/09/2021 - 11:33:00 (RTTNews)

(RTTNews) - The UK economy is set to grow at a slower pace in the third quarter, the think tank NIESR said Friday.

"With catch-up potential still evident in hospitality, transport, business support and the arts, we forecast growth of 1.9 per cent in the third quarter, still notably above historical trend growth rates," the NIESR said in its latest monthly GDP tracker report.

The institute had predicted 4.8 percent growth for the second quarter and 0.9 percent for June. In May, output grew 0.8 percent monthly, which NIESR said was disappointing with little sign of momentum in either April or May outside the sectors which grew due to the lifting of Covid-19 restrictions.

The hospitality sector accounted for 0.7 percentage points of May growth.

"Underlying growth is moderate outside the sectors being unlocked, with supply constraints contributing to the continuing recent stagnation in manufacturing," NIESR Principal Economist Rory Macqueen said.

"It remains to be seen whether the lifting of further restrictions in July contributes to a continuation of strong growth in the third quarter or - if cases of Covid-19 continue to rise - increased caution among consumers and even another national lockdown."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


China Manufacturing PMI Slows To 50.3 In July - Caixin (01 hr(s), 32 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in China continued to expand in July, albeit at a slower pace ...Full Story»

Australia Manufacturing Sector Eases In July - AiG (01 hr(s), 57 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to expand in July, although at a slowe ...Full Story»

Japan Manufacturing PMI Picks Up Steam In July - Jibun (02 hr(s), 02 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in July, and at a faster pace, t ...Full Story»

Taiwan Manufacturing Sector Accelerates In July - Markit (02 hr(s), 11 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in Taiwan continued to expand in July, and at a faster pace, ...Full Story»

Vietnam Manufacturing PMI Ticks Higher In July - Markit (02 hr(s), 17 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in Vietnam continued to contract in July, albeit at a slower ...Full Story»

Malaysia Manufacturing PMI Shows Slight Improvement In July - Markit (02 hr(s), 24 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in Malaysia continued to contract in July, albeit at a slower ...Full Story»

Myanmar Manufacturing PMI Plummets In July - Markit (02 hr(s), 28 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in Myanmar continued to contract in July, and at a faster pac ...Full Story»

Thailand Manufacturing Sector Continues To Contract - Markit (02 hr(s), 31 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in Thailand continued to contract in July, albeit at a slower ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

China Manufacturing PMI Slows To 50.3 In July - Caixin

08/01/2021 - 21:50 PM (RTTNews)
(RTTNews) - The manufacturing sector in China continued to expand in July, albeit at a slower pace ...Full Story>>

Australia Manufacturing Sector Eases In July - AiG

08/01/2021 - 21:25 PM (RTTNews)
(RTTNews) - The manufacturing sector in Australia continued to expand in July, although at a slowe ...Full Story>>

Japan Manufacturing PMI Picks Up Steam In July - Jibun

08/01/2021 - 21:20 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to expand in July, and at a faster pace, t ...Full Story>>

Taiwan Manufacturing Sector Accelerates In July - Markit

08/01/2021 - 21:11 PM (RTTNews)
(RTTNews) - The manufacturing sector in Taiwan continued to expand in July, and at a faster pace, ...Full Story>>

Vietnam Manufacturing PMI Ticks Higher In July - Markit

08/01/2021 - 21:05 PM (RTTNews)
(RTTNews) - The manufacturing sector in Vietnam continued to contract in July, albeit at a slower ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.