Tag: slow

US retail sales fail to rise in August

US retail sales fail to rise in August

There is further evidence of a slowdown in the world’s largest economy after retail sales stagnated last month. Sales were flat from the month earlier after July’s figure was revised down to 0.3% from 0.5%. August’s figure was also worse than expected after car sales fell and excluding this item, sales rose just 0.1%. However, [...]

September 15, 2011 | 0 Comments More
NIESR: UK economic recovery to remain sluggish

NIESR: UK economic recovery to remain sluggish

Recovery of the UK economy is to remain sluggish, with GDP slowing to 0.2% in the June to August period, the National Institute of Economic and Social Research (NIESR) predicts. This compares with a 0.6% rate in the three months to July. The influential think tank believes if the weakness continues, the Bank of England [...]

September 8, 2011 | 0 Comments More
UK service sector activity suffers sharp drop in August

UK service sector activity suffers sharp drop in August

Growth in the UK’s closely-watched service sector slowed in August, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) slowed at the fastest pace in over a decade to 51.1 in August from July’s reading of 55.4. The fall represented the second largest on record and was much [...]

September 5, 2011 | 0 Comments More
Philippines economic growth slows in Q2

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 [...]

August 31, 2011 | 0 Comments More
ONS: UK retail sales grow just 0.2% in July

ONS: UK retail sales grow just 0.2% in July

The Office for National Statistics (ONS) has today revealed UK retail sales grew by just 0.2% last month – slightly less than the 0.3% expected by analysts. The slight gain was much slower than the 0.8% increase the previous month as households continue to be squeezed by higher inflation, rising unemployment and sluggish wage growth. [...]

August 18, 2011 | 0 Comments More
US Fed keeps interest rates on hold

US Fed keeps interest rates on hold

The Federal Reserve’s policy-setting arm, the Federal Open Market Committee (FOMC), elected to keep interest rates on hold between 0% and 0.25% yesterday. Rates have been at the record low since December 2008 and the Fed has announced it will hold rates at this historic low until 2013 – suggesting the central bank is concerned [...]

August 10, 2011 | 0 Comments More
UK construction growth slows further in July

UK construction growth slows further in July

The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed growth in the UK construction industry slowed in July. The PMI dipped to 53.5 in July from June’s reading of 53.6 – however, the figure beat expectations of a reading of 53.0. Furthermore, the index remains above the crucial 50 [...]

August 2, 2011 | 0 Comments More
Weak housing market and unemployment drag on US economy

Weak housing market and unemployment drag on US economy

The latest Beige Book report, published by the Federal Reserve, has revealed widespread signs that US economic growth is slowing. The Fed said: “Economic activity continued to grow; however, the pace has moderated in many districts.” The economic recovery of the US remains sluggish in the face of higher unemployment and a depressed housing market, [...]

July 28, 2011 | 0 Comments More
India lifts interest rates further to combat inflation

India lifts interest rates further to combat inflation

The Reserve Bank of India (RBI) has raised key interest rates for the eleventh time since March 2010, in a bid to tame stubbornly high inflation in a thriving economy. The central bank lifted its main rate to 8% from 7.5% as inflation soars on the back of higher food and fuel prices. In a [...]

July 27, 2011 | 0 Comments More
China’s economic growth cools

China’s economic growth cools

July 13, 2011 | 0 Comments More
Australia leaves interest rates on hold

Australia leaves interest rates on hold

The Reserve Bank of Australia (RBA) has today elected to keep interest rates on hold at 4.75% – for the seventh time since November. The move, which was widely expected, comes as the economy slows and pressures mount over inflation. Australia was the first economy to raise rates from a 50-year low as the economic [...]

July 5, 2011 | 0 Comments More
BoE reveals housing equity injection slows

BoE reveals housing equity injection slows

According to figures from the Bank of England, Britons increased their financial stake in their homes by £5.8 billion in the first quarter of 2011 – the smallest injection in a year. The figure was much lower than the £7.1 billion in the October to December period in 2010 – which represented the highest since [...]

July 4, 2011 | 0 Comments More
UK construction growth slows in June

UK construction growth slows in June

The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed the UK construction industry slowed in June. The PMI dipped to 53.6 in June from May’s reading of 54 – however, the figure was broadly in line with expectations. Furthermore, the index remains above the crucial 50 mark, which separates [...]

July 4, 2011 | 0 Comments More
Euro zone manufacturing growth sinks to 18-month low, unemployment up

Euro zone manufacturing growth sinks to 18-month low, unemployment up

Manufacturing activity in the 17-member euro zone fell in June to an 18-month low, figures showed today. The Markit Purchasing Managers’ Index (PMI) posted a reading of 52.0 in June from May’s reading of 54.6. However, the index continues to remain above the crucial 50 level which indicates expansion. The slowdown was attributed to the [...]

July 1, 2011 | 0 Comments More
UK manufacturing activity hits 21-month low

UK manufacturing activity hits 21-month low

The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing grew at its slowest rate in almost two years in June. The closely-watched CIPS/Markit manufacturing PMI dived to a 21-month low of 51.3 last month from May’s reading of 52. June’s reading was slightly lower than the [...]

July 1, 2011 | 0 Comments More
China manufacturing growth slows further

China manufacturing growth slows further

Manufacturing activity in China eased last month, two separate surveys have revealed today. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers index (PMI) fell to 50.9 in June from May’s reading of 52 – the lowest level since February 2009. The reading was also lower than expectations of a [...]

July 1, 2011 | 0 Comments More
UK service sector activity sinks to 3-month low in May

UK service sector activity sinks to 3-month low in May

Growth in the UK’s closely-watched service sector slowed in May, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) eased to a 3-month low of 53.8 in May from 54.3 the previous month. Analysts had expected the index to be around the 54.0 level. However, the index remains [...]

June 3, 2011 | 0 Comments More
India’s economic growth slows in Q1

India’s economic growth slows in Q1

May 31, 2011 | 0 Comments More
China’s house price growth eases in March

China’s house price growth eases in March

The National Bureau of Statistics has today revealed Chinese property growth eased in March. China‘s property prices have remained stubbornly high despite several Government incentives to avoid a property bubble. The country continues to grapple with high inflation in property and food prices. However, property prices slowed in March with fewer cities recording an increase, [...]

April 18, 2011 | 0 Comments More
US consumer spending slows in January

US consumer spending slows in January

The Commerce Department has reported a further rise in consumer spending in the US for the month of January, albeit slower than expected. Spending grew 0.2% in the month after rising by 0.5% in December. While it represented the seventh consecutive monthly rise, it was the weakest pace since June. Consumer spending is closely monitored [...]

February 28, 2011 | 0 Comments More