services sector wobble pressures bank to up qe
Last Updated : GMT 07:58:55
Arab Today, arab today
Arab Today, arab today

Services sector wobble pressures Bank to up QE

Arab Today, arab today

Arab Today, arab today Services sector wobble pressures Bank to up QE

London - Arabstoday

A February wobble for the UK\'s powerhouse services firms yesterday raised the chances that the Bank of England\'s rate-setters will be forced to print more cash to aid an uncertain recovery. The sector – which accounts for around 75% of the economy – saw its slowest pace of growth since last November, according to the latest Chartered Institute of Purchasing & Supply/Markit activity index. It added that, though confident, firms are having to slash prices and barely hiring new staff. Its index, where a score above 50 indicates growth, slowed from January\'s 11-month high of 56 to a worse-than-expected 53.8 last month. \"The pressure to undercut the competition is acute,\" Cips\' chief executive David Noble warned. Most services firms managed some growth although hotels and restaurants suffered a setback. The Bank of England will mark three years of record low interest rates on Thursday, although it is expected to hold fire on further stimuli for the economy. But these latest signs of weaker growth strengthens the case of committee doves Adam Posen and David Miles for further quantitative easing. Deutsche Bank chief economist George Buckley said the survey \"supports our view of a further £25 billion dose of QE come the May meeting\". Despite the UK\'s sluggish performance, countries on the Continent are having an even harder time with unemployment at a high for the eurozone and rising inflation because of surging oil prices. The region\'s dominant economy Germany held its ground, but in Italy and Spain the decline in services firms worsened. The worrying slide leaves the 17-member single currency bloc in danger of a technical recession after its economy shrank 0.3% in the final quarter of 2011. Markit chief economist Chris Williamson called the latest survey a \"major disappointment\". He said: \"The weakness of the sector risks driving the eurozone back into another recession.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

services sector wobble pressures bank to up qe services sector wobble pressures bank to up qe

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

services sector wobble pressures bank to up qe services sector wobble pressures bank to up qe

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday