UK Services Output Rises 0.6% in January
Mar 31, 9:20 AM EDT |
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| Distribution remained unchanged in the three months to January. Increases in retail and wholesale were offset by a fall in the motor trades. |
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| Services output between December and January increased by 0.6%. All five components increased in output. The most significant increase was in distribution. Business services and finance output rose by 0.7% in the three months to January. The most significant increase was in other business services which includes legal services and industrial cleaning. |
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UK Current Account Deficit Narrows in 4Q
Mar 28, 11:01 AM EDT |
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| The deficit in current transfers increased to £4.6 billion. |
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| The current account recorded a deficit of £8.5 billion in the fourth quarter of 2007, equating to -2.4 per cent of GDP. This compares with a revised deficit of £19.1 billion -5.5 per cent of GDP in the third quarter. A deficit of £13.6 billion was recorded with the EU compared with a deficit of £10.7 billion in the previous quarter. |
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UK Retail Sales Rise 1% in February
Mar 20, 10:34 AM EDT |
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| Total sales volume in the three months to February was 4.7% higher than the same period a year ago. |
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| Total sales volume increased by 1% between January and February. Sales volume for predominantly food stores increased by 1.6%, the largest increase for this sector since June 2006, 1.9%. Sales volume for predominantly non-food stores increased by 0.5%, with sales for household goods stores decreasing by 4.2%, the largest decrease for this sector since February 2000 -4.5 per cent. |
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UK Unemployment Falls in February
Mar 19, 10:53 AM EDT |
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| The number of people in employment increased by 166,000 over the quarter. |
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| This month''''''''s figures show an increase in both the number of people in employment and the employment rate. The number of unemployed people, the unemployment rate and the claimant count have all fallen. The inactivity rate and the number of inactive people of working age have both fallen. The number of vacancies has increased. Growth in average earnings excluding bonuses is unchanged but earnings growth including bonuses has fallen. |
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BoE Minutes
Mar 19, 10:08 AM EDT |
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| World commodity prices had continued to rise rapidly over the month. |
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| The major news in the foreign exchange markets had been the continued fall of the US dollar, for which the effective exchange rate index was some 3% lower than a month earlier. The euro effective rate had appreciated by around 2%, while the sterling effective rate had fallen around 1½% over the month. These movements appeared to be broadly consistent with conjunctural developments and expectations of larger cuts in US and UK policy rates than in the euro-area rate. |
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UK Annual CPI Inflation Rises to 2.5%
Mar 18, 10:58 AM EDT |
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| The largest upward pressure came from housing and household services as recent gas and electricity price rises took effect. |
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| Figures from the Office for National Statistics today show that the consumer prices index annual inflation – the Government’s target measure –was 2.5% in February up from 2.2% in January. |
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UK Trade Deficit Stays Stable
Mar 12, 9:59 AM EDT |
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| January’s provisional estimates show that export prices rose 2% and import prices rose 2.5% compared with December. |
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| The UK’s deficit on trade in goods and services is provisionally estimated at £4.1 billion, unchanged from December. In the three months ended January, the deficit on trade in goods and services narrowed to £12.5 billion, from a £13.2 billion deficit in the previous three months. The latest estimate of the trend suggests that the UK trade deficit is fairly flat in recent months. |
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UK Retail Sales Growth Holds Up, Prices Rise
Mar 11, 9:25 AM EDT |
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| Food sales remained strong. Despite some continued discounting, clothing and footwear were down on a year ago. |
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| UK retail sales rose 1.5% on a like-for-like basis, compared with February 2007, when sales were up 3.3% compared with a weak February 2006. The three-month trend rate of growth edged up to 1.6% from 1.5% in January for like-for-like sales, and to 4.0% from 3.7% for total sales, reflecting the continuing growth of retail space. |
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UK PPI Rises 0.3% in February
Mar 10, 9:24 AM EDT |
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| The output price index excluding food, beverages, tobacco and petroleum rose 3% in the year to February. |
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| The output price index for home sales of manufactured products rose 5.7% in the year to February, unchanged from the rise in the year to January. Unadjusted, the index rose 0.3% between January and February, mainly reflecting rises in other manufactured product prices. The output price index excluding excise duties rose 6% in the year to February. Seasonally adjusted, the index rose 0.3% between January and February. |
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UK Manufacturing Output Rebounds in January
Mar 10, 9:07 AM EDT |
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| Between December and January, mining and quarrying output decreased by 4.1% with falls in oil and gas production. |
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| In the three months to January, the seasonally adjusted chained volume index for the output of the production industries remained unchanged compared with the previous three months. Between December and January output of the manufacturing industries rose by 0.4%.There were significant increases in output of 2% in the machinery and equipment industries and 1.4% in the chemicals and man-made fibres industries. |
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