Tag: factory output
BCC downgrades UK economic growth
The British Chambers of Commerce (BCC) has today said the fresh round of quantitative easing (QE) announced by the Bank of England last week may not be enough to prevent the economy from slipping back into recession and “more radical measures” are required. BCC Chief Economist David Kern said in an e-mailed statement in London [...]
Weak UK factory output suggests poor start to Q3
The Office for National Statistics (ONS) has today revealed UK factory output fell 0.3% in August on a monthly basis. The reading was worse than economists had expected and confirm weak prospects for the economy after the figures suggest a poor start to the third quarter. On an annual basis, meanwhile, factory output was 1.5% [...]
Weak UK factory output suggests poor start to Q3
The Office for National Statistics (ONS) has today revealed UK factory output shrank by 0.2% in July after a flat reading the previous month. The reading was worse than economists had expected and confirm weak prospects for the economy after the figures suggest a poor start to the third quarter. The fall was attributed to [...]
Philippines economic growth slows in Q2
The National Statistical Coordination Board has revealed the Philippine economy grew at an annual rate of 3.4% in the second quarter – slowing from an annual growth of 4.6% in the previous quarter. The expansion was less than the 4.4% expected by economists. Compared with the previous three months, the economy, which is South East [...]
BoJ elects to hold interest rates at 0.1%
After a two-day policy board meeting, the Bank of Japan (BoJ) has elected to keep interest rates at 0.1%, as widely expected. Interest rates in the world’s second largest economy have been at the low level since December 2008 in a bid to fight off deflation. Deflation remains a problem for the economy. Japanese core [...]
NIESR: UK to see positive growth in Q1
Influential think tank, the National Institute of Economic and Social Research (NIESR), said the UK economy avoided a double-dip recession in the first quarter of 2010 and is expected to see growth of 0.4%. However, official figures for quarter one GDP will not be published until April 23 but it appears many are optimistic for [...]
Japanese factory output exceeds expectations
Official figures published yesterday revealed Japan’s factory output rose for the ninth consecutive month in November. Factory output was up by 2.6% in the month and was slightly above analysts expectations of a 2.5% rise. The rise extended the longest unbroken growth since a 12-month rise to March 1997 and was attributed to growing overseas [...]
