UK GDP Remains Unchanged in Q2
Aug 22, 9:29 AM ET |
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| Output of the production industries fell 0.8% compared with a fall of 0.2% in the previous quarter. |
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| GDP growth was 0.0% in the second quarter of 2008, revised down from 0.2% in the previous estimate. This follows downward revisions to the growth in output of the production, construction and services industries. The level of GDP in the second quarter of 2008 is now 1.4% higher than the second quarter of 2007. |
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UK Retail Sales Rise 0.8% in July
Aug 21, 11:58 AM ET |
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| Sales volume for the non-store retailing and repair sector fell by 0.1 per cent. Sales in non-specialised stores fell by 2.6%. |
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| Between July and June, total sales volume increased by 0.8%. Sales volume in predominantly food stores rose by 0.3%. Sales volume for predominantly non-food stores increased by 1.3%. |
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BOE Minutes
Aug 20, 9:38 AM ET |
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| Both manufacturing output and total industrial production were now estimated to have fallen 0.8% in the second quarter. |
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| The preliminary estimate of UK GDP growth in the second quarter had been 0.2%, supported by a modest pickup in services growth, particularly an acceleration in transport, storage and
communication output, which might prove to be erratic. Subsequent data on industrial production for June had been weaker than implied by the GDP estimate and hence a small downward revision was likely in the absence of any other news. |
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UK Inflation Climbs to 4.4% in July
Aug 12, 10:33 AM ET |
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| In the year to July, the consumer prices index rose by 4.4%, up from 3.8% in June. |
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| In the year to July, the all items retail prices index RPI rose by 5%, up from 4.6% in June. Over the same period, the all items RPI excluding mortgage interest payments index RPIX rose by 5.3%, up from 4.8% in June. |
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UK Producer Prices Rise in July
Aug 11, 10:27 AM ET |
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| The output price index excluding food, beverages, tobacco and petroleum rose 6.7% in the year to July. |
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| The output price index for home sales of manufactured products rose 10.2% in the year to July, compared with the rise of 10% in the year to June. Unadjusted, the index rose 0.4% between June and July, mainly reflecting rises in petroleum and chemical products. The output price index excluding excise duties (PPIY) rose 10.9% in the year to July. Seasonally adjusted, the index rose 0.6% between June and July. |
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UK Trade Deficit Widens in June
Aug 11, 10:05 AM ET |
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| The UK’s deficit on trade in goods in June is provisionally estimated at £7.7 billion, compared with £7.4 billion in May. |
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| The UK’s deficit on trade in goods and services is provisionally estimated to have widened in June to £4.4 billion from a deficit of £4.1 billion in May. In the second quarter, the deficit on Balance of trade trade in goods and services narrowed to £12.7 billion, from a £13.5 billion deficit in the previous quarter. |
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Bank Of England Leaves Bank Rate Unchanged
Aug 07, 8:40 AM ET |
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| The previous change in Bank Rate was a reduction of 0.25 percentage points to 5.0% on 10 April 2008. |
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| The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5%. |
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UK Industrial Production Falls 0.2% in June
Aug 05, 10:01 AM ET |
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| Manufacturing output decreased by 0.8% in the second quarter of 2008 compared with the first quarter. |
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| The Index of Production decreased by 0.2% between May and June. Energy supply output increased by 2.2% following lower output during May caused by record high temperatures across the UK. |
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