Arab Today, arab today decline in uk factory production adds to woes
Last Updated : GMT 17:46:52
Arab Today, arab today
Arab Today, arab today

Decline in UK factory production adds to woes

Arab Today, arab today

Arab Today, arab today Decline in UK factory production adds to woes

London - Arabstoday

Fears over the UK economy intensified Tuesday, sending the London stock market slumping, after British factory production posted a surprise fall in June and the UK trade gap worsened. The unexpectedly poor data from the industrial sector added to the glut of disappointing news on the UK economy, at a time when markets are already in turmoil due to debt crises in the eurozone and the US. The FTSE 100 index in London fell 5.5 per cent after the data was released, and was trading 106 points lower at 4963 at 11:05am, a fall of 2 per cent. Alan Clarke, chief UK economist at Scotia Capital, said: \"At the start of the year, two areas of the economy were identified as being the likely engines of growth that would propel a continued recovery in the UK economy manufacturing and net exports. Half way through the year, neither appear to be delivering.\" Manufacturing output fell by 0.4 per cent in June from the previous month, confounding the City\'s expectation of a 0.2 per cent increase, and following a rise of 1.8 per cent in May, according to the Office for National Statistics. Car production suffered the biggest fall, of 1.7 per cent, while chemicals, and paper and publishing also shrank in June. Article continues below ING economist James Knightley said: \"The worry is that plunging equity markets will hurt business confidence... As a result, the prospect of further action from the Bank of England continues to grow.\" The data hit any hopes that the recent meagre 0.2 per cent GDP growth figure for the second quarter could be revised up, noted Markit chief economist Chris Williamson.

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*

Arab Today, arab today decline in uk factory production adds to woes Arab Today, arab today decline in uk factory production adds to woes

 



Arab Today, arab today

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*

Arab Today, arab today decline in uk factory production adds to woes Arab Today, arab today decline in uk factory production adds to woes

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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