United Kingdom growth up 0.4 pct in Q3

27 October, 2017, 00:40 | Author: Franklin Nunez
  • The Bank of England in London | Leon Neal  Getty Images

This was a rise of 1.5 percent year-on-year, according to the Office for National Statistics, with services and manufacturing being the main drivers of growth, as well as the auto sector.

Services and manufacturing did well during the quarter, up by 0.4% and 1% respectively.

'While the services sector was the largest contributor to GDP growth in Q3, the latest data confirms that activity in the sector remains muted, with growth unchanged from the previous quarter. While motoring and retail also performed well, construction contracted for the second quarter in a row.

This breaking news story is being updated as more information emerges - please refresh the page for the most recent version.

It's Official, James Comey Is On Twitter
However, Comey was not, it appears, taking the fledgling steps of those who would seek the office Trump now holds. It has no picture and follows just a handful of journalists and media accounts.

However, although the GDP data was better than expected it is not strong and there are pockets of weakness that could come under even more pressure if the BoE does hike interest rates.

This raises the prospect of an interest rate rise when the Bank of England meets on 2 November.

This beat economists' forecasts for a 0.3% rise, and was largely thanks to growth in the business services and finance sector, which expanded by 0.6% in the three months to September.

There was no change to the annual rate of growth which remained at 1.5%, beating market expectations of a dip to 1.4%.

Xperia XZ Premium leads Sony Android 8.0 Oreo releases
So Now Sony addresses its users feedback and sending out update which fixes camera distortion effect. The latest update brings some interesting features, which are present in Xperia XZ1 smartphone.

Tej Parikh, senior economist at the Institute of Directors, said although it was just a first estimate, the 0.4% growth between July and September should be welcomed as a sign of resilience in British businesses.

Sterling shot up following the release, rising more than 0.3% against both the USA dollar and the euro to 1.317 and 1.119, respectively.

Today's healthcheck on the United Kingdom economy is particularly important, as chancellor Philip Hammond weighs up what tax and spending changes to make in November's budget. A 25 basis point increase merely reverses last year's cut - which was arguably unnecessary - and returns rates to where they've been for the entire post-crisis period. "The key uncertainty for the central bank is whether it will increase base rates any further in 2018".

Normalcy can be restored with Rohingyas' return: Sushma Swaraj
It is clear that normalcy will only be restored with the return of the displaced persons to Rakhine state. Swaraj, who is on two-day visit, will also be meeting Bangladesh Prime Minister Sheikh Hasina.

Recommended:



Popular

Kardashians Land a $150 Million Dollar Contract For Five More Seasons
We are incredibly proud of our partnership with the Kardashians and they remain an important part of the E! family . Guess the cryptic dancing around confirming Kylie and Khloe's pregnancies will continue into the foreseeable future.

Support for marijuana legalization hits new all-time high (get it?)
Overall, 64 percent of Americans support legalizing marijuana , according to the poll , which was taken October 5 to 11. Eight out of nine marijuana-related ballot measures were approved during the November 2016 election.

Kid Rock says, '... no, I'm not running for Senate' in MI
But with all the attention and a new album in the works, he said he told them: "Let's roll with it for a while". If you're hoping to see Kid Rock perform live, you won't have to wait all summer long.

Injustice 2 Officially Announced For PC
Injustice 2 offers the latest DC fighting game experience that expands on the previous title's larger-than-life showdowns. It also features 10 additional characters as DLC with some odd cameos including Sub-Zero and Raiden from Mortal Kombat.

Bossie: Sessions Must Appoint Special Counsel to Investigate Uranium One Deal
Nunes, who stepped aside from his panel's Russian Federation probe amid controversy in April, said the uranium inquiry was a separate matter.

Here's how Jaitley can fund India's struggling banks without busting the deficit
Adding to this, Jaitley said that government has decided on the steps needed to sustain the growth momentum. The government will also use 180 billion rupees left from its previously budgeted recapitalisation fund.

Kenya Deputy Chief Justice's Driver Shot, Injured
But last week electoral commission chairman Wafula Chebukati said "it's hard to guarantee a free, fair and credible election".

Enhanced versions of 13 original Xbox hits to drop on Xbox One
It isn't just Xbox One games that are getting the Xbox One X enhanced treatment when the console launches next month. In related news, by the arrival of these titles, the control of the Xbox Original for Xbox One will also re-launch.

Internet Explodes After Trump Calls Gold Star Widow a Liar
Wilson and Trump have traded barbs for almost a week on the controversy stemming from the President's condolence call to Johnson. She was principal of a school Johnson's father attended. "I need to see him so I will know that that is my husband".

Katy Perry Gets Stuck in the Air During Her Concert
She then crowd-surfed off the planet to rapturous applause from the crowd and was escorted back onto the stage. This is what you get for trying to bring out all of space to Nashville.