日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
World
Home / World / Europe

UK economy stuck in low gear, worries grow as BoE prepares to hike rates

Agencies | Updated: 2017-10-04 18:11

LONDON - Britain's economy remained stuck in low gear in the third quarter but price pressures grew further, according to a business survey that probably keeps the Bank of England on track to raise interest rates.

The IHS Markit/CIPS Purchasing Managers' Index (PMI) also showed businesses were increasingly worried about the outlook as Britain heads towards its departure from the European Union with little clear sign of its future trading relationship.

The PMI showed growth in services activity unexpectedly sped up a little last month, compensating for weaker readings in the manufacturing and construction industries reported earlier in the week.

Taking the three sector surveys together, Britain's economy probably expanded at a quarterly rate of around 0.3 percent in the July-September period, matching its second-quarter performance, survey compiler IHS Markit said.

"The surveys ... portray an economy struggling with the unwelcome combination of sluggish growth and rising prices," Chris Williamson, chief business economist at IHS Markit, said.

The services PMI picked up to 53.6 in September, slightly better than expectations in a Reuters poll of economists for it to hold at August's level of 53.2.

Despite the improvement, growth among British firms lagged behind that of its peers in a resurgent euro zone.

There were also some discouraging signs for the months ahead: new orders increased at the weakest pace since August last year, inflation pressures jumped at the fastest pace for several months and confidence sagged.

Services companies cited Brexit-related uncertainty and worries about the economy as reasons for their darker mood.

Britain's economy initially withstood the shock of the June 2016 vote to leave the European Union. But growth began to slow sharply this year as inflation rose following the pound's post-Brexit vote plunge, which hit the spending power of households.

Against that background, the BoE surprised investors last month when it said most of its interest rate-setters believed they were likely to raise borrowing costs soon, citing a reduced tolerance for above-target inflation.

Costs faced by services companies rose at the fastest pace since February, while they hiked selling prices at the quickest rate in five months, suggesting inflation could top 3 percent in the coming months.

"The rise in price pressures will pour further fuel on expectations that the Bank of England will soon follow-up on its increasingly hawkish rhetoric and hike interest rates," Williamson said.

IHS Markit's composite PMI, which combines services, manufacturing and construction, edged down to a seven-month low of 53.6 in September - leaving it some way off levels that would normally be consistent with BoE rate hikes.

Most economists polled by Reuters have said they expect a BoE rate hike in November, even if they consider such a move to be premature.

 

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲成人福利视频 | 日韩精品一二 | 自拍欧美日韩 | 韩国久久 | 久久国产精品免费 | 色在线视频 | 成人国产在线 | 久久久久久久网 | 成人精品亚洲 | 欧美亚洲一区二区三区四区 | 男人日女人网站 | 久久视频精品 | 日韩激情网站 | 丁香六月久久 | 午夜小视频在线观看 | av久久久 | 综合久久精品 | 亚欧视频在线 | 欧美三级视频在线观看 | 一区二区三区三区在线 | 91超碰免费在线 | 日韩一区二区视频在线观看 | 欧美色交 | 日韩乱论 | 欧日韩一区二区三区 | 成年人在线视频观看 | 成人欧美一区 | 美女av网 | 激情图片在线视频 | 免费99精品国产自在在线 | 亚洲经典在线观看 | 国产做爰xxxⅹ高潮视频12p | 国产手机视频在线 | 亚洲综合干| 国产久精品 | 国产成人久久久久 | 亚洲h| 亚洲综合国产 | 成年人激情网站 | 国产成人精品av在线观 | 国产cao |