Free Trial
HONG KONG

CPI Inflation Rises By 1.3% In April

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (London)
By Jamie Satchi and Laurie Laird
     LONDON (MNI) - The following are the key points from the ONS' public sector
finances data published Friday by the Office for National Statistics.
     --GDP growth was confirmed at a moderate 0.4% clip in the first quarter,
although the economy expanded by a downwardly-revised 0.1% in Q1, the slowest
pace since the fourth quarter of 2012.
     --A precipitous downward revision in business investment suggests that
resilience since the Brexit vote may be fading. Investment fell by 0.7%, the
second straight decline, reversing the previously-reported 0.5% gain.
     --Household consumption rose by 0.4%, slightly better than the
initially-reported 0.3%, despite an increase in the savings ratio to 3.9% from
3.6%. However households borrowed a collective stg7.2bn on the capital account,
the seventh straight quarter of borrowing, the longest since records began in
1987.
     --Ongoing weakness in the manufacturing sector was confirmed, with output
down for the second straight quarter. Growth followed up Q1's 0.1% drop with a
bulkier 0.7% decline in Q2.
     --Finally, the current account deficit widened to stg20.3bn in Q2 -- which
is the biggest deficit since Q2 2017 -- reversing all of the Q1 improvement. A
rise in the trade in goods deficit, largely on erratic items, and the primary
income deficit were accountable.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MABDS$,MAUDR$,MAUDS$,M$B$$$,M$E$$$,M$U$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.