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Industrial construction output data poor, British economic growth in the two quarter is still worrying
Added:2017-06-15     Views:    

Core tip: Statistics released on Friday (June 9th) showed that British industrial growth slowed in April, but manufacturing activity rebounded slowly in the previous month's decline.

Britain's industrial growth slowed in April, according to figures released by the British statistics office on Friday (June 9th), but manufacturing activity rebounded slowly in the previous month's decline.

British manufacturing output rose by 0.2% in April, down from 0.7% in March and 0.3% in anticipation, down 0.8% from a year earlier, up 1.4% from last month, according to the statistics office.

In the same period, British manufacturing output rose by 0.2% compared to March, March was down 0.6%, but significantly lower than the 0.8% expected by economists, the same basic level, also lower than expected 0.7% growth in March and 2.2% performance.

The construction industry output fell for fourth consecutive months, a decrease of 1.6%, mainly due to the reduction of residential buildings, commercial buildings and non residential maintenance is reduced, and the infrastructure and public buildings is increased.

Barclay said, overall, in April the British economy data widely weakening.

"The British economy maintained a weakening trend in the first quarter of 2017. Although industrial production is in line with our expectations, the trade deficit has also been reduced, and construction data has been disappointing. We may see a pullback in residential construction investment, with a very low turnover."

"This supports our expectation that our two quarter production will be as weak as in the first quarter."

Capital Economics's Ruth Gregory also said that the data made the two quarter economic growth will rebound, the view has been questioned. "The manufacturing sector failed to achieve the optimistic tone of the recent survey, which will again drag on UK GDP growth in the two quarter," she said.

Gregory also said: "in the future, the British election results will obviously in the two quarter economic growth caused by the risk, but not catastrophic, after all, recent experience proved that the British economy for political uncertainty is still quite flexible."


 
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