United Kingdom construction output falls more than expected

12 November, 2017, 02:58 | Author: Salvatore Jensen
  • Factory output in September beat analysts’ expectations in September but Britain’s overall trade performance still deteriorated for the third quarter as a whole

India's industrial output grew 3.8 per cent in September from a year earlier, the data from Central Statistics Office of the Ministry of Statistics and Programme Implementation showed today.

Year-on-year, construction output rose 1.1%, short of the 2.2% forecast and down from a revised 3.9% rise for August. The cumulative growth in these three sectors during April-September 2017 over the corresponding period of 2016 has been 3.9%, 1.9%, and 5.7% respectively.

September was the sixth consecutive rise in industrial production, which Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, pointed out was "a feat last achieved 23 years ago".

Some important items showing high positive growth during the current month over the same month in previous year include "separators including decanter centrifuge" (117.4%), "bodies of trucks, lorries and trailers" (94.5%), and steroids and hormonal preparations (including anti-fungal preparations).

The ONS also reported that the UK's trade in goods deficit was £11.25bn in the month, better than the £12.8bn analysts had pencilled in, with exports rising faster than imports.

However, construction output fell by 1.6 per cent in the month.

However, the total trade deficit widened by GBP 3 billion to GBP 9.5 billion in the three months to September, mainly due to an increase in imports of goods, mainly machinery, non-monetary gold and fuels.

Separate data from the ONS showed that construction output decreased 1.6% month-on-month in September, amid declines in both fix and maintenance as well as all new work.

Both the monthly decline and the annual increase were the weakest figures since March a year ago.

"The flurry of activity data suggests that the industrial sector is helping to provide some offset to the consumer slowdown", said Ruth Gregory of Capital Economics.

"However, net trade probably dragged on GDP growth in Q3".



Congress demands petroleum products, real estate be brought under GST
Daring Rahul Gandhi to flag his criticism against Modi on demonetization, GST and terrorism in the Parliament, Yeddyurappa said the BJP will give a befitting reply to all such insinuations.

Bank of India Q2 profit rises, beats estimates
On a postive note, the bank's asset quality improved on sequential basis post decline in fresh slippages in the second quarter. While announcing the result, SBI Chairman Rajnish Kumar said gross slippages for the quarter stood at Rs 10,627 crore.

Jennifer Aniston and Reese Witherspoon's Morning Show Drama Is Headed to Apple
The second is a now untitled drama about a network morning show, which will star Reese Witherspoon and Jennifer Aniston . Aniston and Witherspoon will both star in the untitled drama, marking Aniston's first regular TV role since " Friends ".

Aly Raisman says she was sexually abused by U.S. national team doctor
Nassar's case was part of a wide-ranging scandal which forced the resignation of USA Gymnastics chief Steve Penny past year . She went on to be the captain of the 2012 and 2016 Olympic teams. "I thought I was going to die that night", Maroney said.

Facebook encourages sending nude pics to combat revenge porn
The social media giant is testing a new way to stop others from uploading naked photos of individuals without their permission. The company has since said that a version of the technology is coming to the UK, Wired reports.

Kneeling protests spark a war among National Football League owners against Roger Goodell
But Jones also has been heavily involved in the public discussion about players kneeling for the national anthem. Here are the people who made the most money in each of the top North American sports leagues during that period.

Patriots bring back Martellus Bennett
They signed him to a three-year, $21 million contract in March and could be entitled to $4.2 million of his signing bonus. He had 24 receptions for 233 yards with Green Bay, but has missed the past two weeks with a shoulder injury.

Uber Reaches For The Sky With Plan To Launch Flying Taxi Service
Uber will begin testing the concept in 2020 in Los Angeles, as well as in Dallas and Dubai, the company said Wednesday. To be fair, Uber has recruited an impressive array of partners for its flying auto project.

Kevin Spacey to be cut from upcoming film, sources say — NewsAlert
Spacey, who was 26 at the time , said: "I honestly do not remember the encounter, it would have been over 30 years ago". Mark Wahlberg and Michelle Williams also star in the movie, and are expected to be involved with the reshoots.

Transgender Candidates Make History
Andrea Jenkins has just made history becoming the first trans woman of color in the United States to be elected to public office. Her goal is to create records of the experiences of transgender and gender non-conforming people for historians.