UK Services Output Rises 0.8% in April
Jun 30, 9:50 AM EDT |
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| Services output rose by 0.3% in the three months to April 2008 compared with the three months to January. |
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| Services output between March and April rose by 0.8%. All five components of the service sector increased in output. The most significant increase was in transport and communication. This increase needs to be set in the context of the low headline growth; month on month growth can be volatile. |
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UK GDP Growth Revised Down to 0.3% in Q1
Jun 27, 10:21 AM EDT |
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| The level of GDP is 2.3% higher than the first quarter of 2007. |
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| The UK gross domestic product in volume terms rose by 0.3% between the fourth quarter of 2007 and the first quarter of 2008. This is revised down from the previous estimate of 0.4%. |
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UK Retail Sales Rise in May
Jun 19, 9:13 AM EDT |
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| Sales volume in the three months March to May rose by 1.8% compared with the previous three months. |
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| Total sales volume rose by 3.5% between April and May, the largest growth in the series. Sales volume in predominantly food stores increased by 3.3%, the largest rise in the series. Sales volume for predominantly non-food stores rose by 3.9%, the largest increase since March 1991, this was mainly driven by textile, clothing and footwear stores. |
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Bank of England Minutes
Jun 18, 10:00 AM EDT |
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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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| Imported goods prices had risen by 8.1% in the first quarter on a year earlier. Manufacturing input prices had risen 23.1% in the twelve months to April. CIPS/NTC survey balances for input prices in manufacturing remained high, though they had fallen modestly in May, and the balance for services had risen further. |
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UK Consumer Prices up 3.3% in May
Jun 17, 3:03 PM EDT |
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| RPIX inflation – the all items RPI excluding mortgage interest payments – was 4.4% in May, up from 4% in April. |
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| Consumer Prices Index annual inflation – the Government’s target measure of inflation – was 3.3% in May, up from 3% in April. |
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UK Unemployment Rises in May
Jun 11, 8:01 AM EDT |
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| The unemployment rate was 5.3% for the three months to April 2008, up 0.1 over the previous quarter but down 0.2 over the year. |
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| The number of unemployed people increased by 38,000 over the quarter but fell by 34,000 over the year, to reach 1.64 million. |
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UK Trade Deficit Widens in April
Jun 11, 7:40 AM EDT |
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| The surplus on trade in services was £3.3 billion, compared with a surplus of £3.4 billion in March. |
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| The UK''''s deficit on trade in goods and services was £4.3 billion in April, compared with the revised deficit of £3.8 billion in March. |
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UK Industrial Production Advances 0.1% in April
Jun 10, 8:15 AM EDT |
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| Manufacturing output in the latest three months rose by 0.3% compared with the previous three months. |
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| In the three months to April, the seasonally adjusted chained volume index for the output of the production industries was 0.1% lower compared with the previous three months. Between March and April output of the manufacturing industries rose by 0.1%. |
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UK Producer Prices Rise in May
Jun 09, 9:24 AM EDT |
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| In May, output price annual inflation for all manufactured products rose to 8.9%. Input price annual inflation rose from 24.3% in April, to 27.9% in M |
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| Month on month, the output prices measure for all manufactured products rose 1.6% in May, mainly reflecting rises in other manufactured product prices and petroleum products. |
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BoE Leaves Rates Unchanged
Jun 05, 8:37 AM EDT |
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| The previous change in Bank Rate was a reduction of 0.25 percentage points to 5% 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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