IHS Markit: UK economy suffers sharp slowdown at start of 2018

IHS Markit: UK economy suffers sharp slowdown at start of 2018

Aashna Dodhia, economist at IHS Markit and author of the report, said despite continuation of "recovery" in demand and output in the service sector, its overall performance remained weaker than the long-run growth trend.

However, the Nikkei Composite Output Index fell to 52.5 in January from 53 in December, reflecting the muted growth in manufacturing activities.

The dominant services sector undershot expectations in January, confirming an impression of a slowing wider United Kingdom economy in early 2018.

Oil Price Rises As OPEC Cuts Supplies
In world markets, oil prices were up in trading yesterday along with OPEC continued commitment to reduce supplies. A decade ago, in November 2008, production from tight formations accounted for only 7% of total USA production.

The Caixin China General Services Business Activity Index rose to 54.7 last month, up from 53.9 in December.

"The latest survey data signalled that capacity constraints remained evident across both the manufacturing and service sectors, as the volume of outstanding business rose for the twentieth successive month". Most importantly, growth of new orders jumped higher in both sectors in January, registering the largest upturn in new work since last August and one of the biggest gains seen over the past three years.

Mr Williamson also noted: "While the fourth quarter PMI readings were historically consistent with the economy growing at a resilient quarterly rate of 0.4-0.5 per cent, in line with the recent GDP estimate, the January number signals a growth rate of just under 0.3 per cent".

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After two weeks of evidence, it took the jury one hour on Thursday to find him guilty. A local imam protected Osborne from the angry crowd after the attack.

Businesses were hurt by weak demand for most of 2017 after a November 2016 ban of high-value currency notes and confusion over pricing following the introduction of a goods and services tax previous year disrupted consumer spending.

The survey showed companies raised their prices in January, given 'strong upward pressure on cost burdens, ' particularly around insurance, fuel, transport, and food.

Suchita Dutta, executive director of the Indian Staffing Federation (ISF), said the second half of the fiscal usually sees spike in job numbers in the e-commerce, healthcare and hospitality sector due to festive season.

Walcott grabs brace as Everton beat Leicester
We've gone and predicted how the side could lineup with both players in the team. "From a distance they know each others game very well".

Despite the slowdown, business confidence is at its strongest since last March, with firms still optimistic that business activity will be higher over the course of 2018.

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