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UK Trade deficit narrowed less than expected

The UK’s deficit on trade in goods and services was estimated to have been £3.3 billion in August 2015, a narrowing of £1.2 billion from July 2015. This narrowing of £1.2 billion is attributed to trade in goods, where the deficit has decreased from £12.2 billion in July 2015, to £11.1 billion in August 2015. Analysts were forecasting incline to £10.0 billion. Read more...

U.K. Industrial Production rose more than expected

Total production output is estimated to have increased by 1.0% in August 2015 compared with July 2015, beating forecast on 0.5% incline. There were increases in 3 of its 4 main sectors, with the largest contribution coming from mining & quarrying, which increased by 6.0%.  Read more...

UK House Prices down by 0.9%

House prices in the three months to September were 2.0% higher than in the previous quarter. However, on a monthly basis prices were down by 0.9%. Analysts were anticipating 0.1% increase. This measure of the underlying rate of house price fell from last month’s 3.0%, to its lowest since May. The annual rate eased from 9.0% to 8.6%.  Read more...

UK Services PMI at lowest level since April 2013

The headline figure fell for the third month in succession, however, to 53.3, from August’s 55.6, indicating the weakest rate of growth since April 2013. Analysts were anticipating incline to 56.4. Correspondingly, the average reading for the Index over the third quarter as a whole (55.4) was the weakest since the second quarter of 2013. Read more...

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