
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The UK economy ascended more slowly than previously anticipated for the three months of 2017, as official figures disclosed, raising questions as for the British economy's strength as the BoE is ready to have interest rates lifted.
Thursday's figures state that the UK economy lost steam in late 2017 notwithstanding the strength of the world’s economy.
Many British households are feeling the pinch from a huge leap in inflation after in 2016 they supported the idea of breaking up with the European Union.
Between October and December gross domestic product inched up by 0.4%, as the Office for National Statistics informed, which is below experts’ estimates of 0.5%.
Downwardly updated surge of 1.4% appeared to be the weakest outcome for more than five years in year on year terms.
A number of small updates to energy generation, mining as well as service turned to be enough to cause a moderate downward update to quarterly surge in general, as ONS statistician Darren Morgan informed
The UK economy managed to inch up by 1.7% the previous year. What’s more, in general it stepped down 0.1%, which is more than previously anticipated, demonstrating the weakest outcome since 2012.
Thursday's data disclosed that household spending rallied at an annual rate of 1.4% in the fourth quarter of the previous year, tacking on a bit from 1.3% in the third quarter.
As for business investment, it was intact on the quarter and inched up by 2.1% on the year.
Aside from that net exports ate up 0.5% from fourth-quarter surge.
Earlier this month the Bank of England informed that in February it actually expected the British economy to edge up by 1.8% in 2018, which is faster than its previous estimate of 1.6%, mainly due to the strength of the world’s economy.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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