日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

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: 欧美 日韩 中文字幕 | 亚洲欧美日韩精品一区 | 一区二区三区免费 | 91高清视频在线免费观看 | 看中国毛片 | av中文字幕在线 | 一级毛片视频免费 | av片免费 | 午夜欧美一区二区三区在线播放 | 一级毛片视频免费观看 | 亚洲视频在线视频 | 欧美精品欧美精品系列 | 一级毛片免费 | 久久综合图区亚洲综合图区 | 色久在线 | 亚洲婷婷在线 | 欧美精品欧美精品系列 | 成人午夜亚洲影视在线观看 | 亚洲视频黄色 | 美女色站 | 亚洲操片 | 久久1区| 日本99精品 | 成人午夜性视频欧美成人 | 欧美成人精品一区二区男人看 | 精品亚洲国产成av人片传媒 | 国产毛片a精品毛 | 成人蜜桃av | 蜜桃视频在线观看免费视频网站www | 亚洲欧美一区二区三区在线 | 免费在线观看视频a | 97超级碰碰 | 成人av一区 | 久草福利在线视频 | 男女啪啦猛视频免费 | 二区三区不卡不卡视频 | 亚洲国产精品人人爽夜夜爽 | 蜜桃网在线观看 | 欧美日韩在线一区二区 | 欧美一级免费 | 久操中文在线 |