queen\s jubilee hits britain\s manufacturing output
Last Updated : GMT 22:57:09
Arab Today, arab today
Arab Today, arab today

Queen\'s jubilee hits Britain\'s manufacturing output

Arab Today, arab today

Arab Today, arab today Queen\'s jubilee hits Britain\'s manufacturing output

London - AFP

Manufacturing output in recession-hit Britain slumped by the largest amount in almost four years in June as the country celebrated Queen Elizabeth\'s diamond jubilee, official data showed on Tuesday. Production dropped 2.9 percent in June from May to record the biggest fall since November 2008, the Office for National Statistics (ONS) said in a statement. But the decline was far less than analyst predictions for a slide of 4.5 percent according to a poll by Dow Jones Newswires, indicating that Britain\'s recession may not be as deep as feared according to analysts. Manufacturing output retreated 4.3 percent in June on an annual basis, also lower than analysts\' consensus forecast for a drop of 5.9 percent. \"The moving of the late May 2012 bank (public) holiday to June 2012 and the additional bank holiday for the Queen\'s diamond jubilee were likely contributing factors\" to the declines in output, the ONS said. Britain stopped work for two days in June to celebrate Queen Elizabeth II\'s 60 years on the throne with street parties, concerts and parades. The ONS on Tuesday added that the wider measure of industrial output -- which includes manufacturing, mining and quarrying, electricity, gas and water supply -- fell 2.5 percent between June and May. That was also the biggest month-on-month drop since November 2008. Like manufacturing output, industrial production dropped 4.3 percent year-on-year in June. \"June\'s industrial figures suggest that the drop in GDP in the second quarter is likely to be revised to a slightly smaller fall,\" said Samuel Tombs, an analyst at Capital Economics research group. \"But the figures did not change the overall picture of a sector struggling to grow in response to rapidly weakening overseas demand.\" Britain\'s economy shrank in the second quarter by more than expected, official data showed last month, as a double-dip recession tightened its grip ahead of the costly London Olympics. Gross Domestic Product (GDP) slumped 0.7 percent between April and June from the first three months of the year on steep output declines in the construction and manufacturing sectors, the ONS had said. Output was also hit by the extra day\'s public holiday for the diamond jubilee celebrations and by very poor weather. Britain suffered its wettest quarter on record in the reporting period.

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*

queen\s jubilee hits britain\s manufacturing output queen\s jubilee hits britain\s manufacturing output

 



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*

queen\s jubilee hits britain\s manufacturing output queen\s jubilee hits britain\s manufacturing output

 



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 Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
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 Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
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 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
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 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

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 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

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