Quarter UK growth 'may be boosted by Brexit stockpiling'

Quarter UK growth 'may be boosted by Brexit stockpiling'

Quarter UK growth 'may be boosted by Brexit stockpiling'

The UK economy posted just 0.3% growth in the three-month period to November, the lowest growth rate seen in six months, according to new data from the Office for National Statistics (ONS).

The company blamed collapsing sales of diesel cars, the US-China trade war and uncertainty about how Brexit will unfold. A year ago recorded 11 consecutive months of negative sales growth in brick-and-mortar stores since January.

The ONS said the biggest brake on growth came from a drop in vehicle production of 4.3%.

"Growth in the United Kingdom economy continued to slow in the three months to November 2018 after performing more strongly through the middle of the year", said Rob Kent-Smith, the head of national accounts, ONS.

'Accountancy and house-building again grew but a number of other areas were sluggish.

Yet Remainers choose THIS moment to fight a rearguard action to stay in it.

"The monthly figure for November was a little bit better than expected, and was up from 0.1 percent in October and a flat performance in September and that was largely the service sector growing by 0.3 percent month on month -but monthly GDP figures are volatile", said Archer.

U.S. woman ‘who killed manicurist to flee US$35 bill’ captured
Clark County District Court records said she was sentenced to four months in jail for violating probation in that case. According to the Las Vegas Metropolitan Police Department, Krystal Whipple was arrested in Glendale on Friday morning.

Services output grew 0.3 percent from the previous month after a 0.2 percent increase in October.

The future of the deal which Prime Minister Theresa May has agreed in principle with the European Union hangs in the balance ahead of a parliamentary vote which will take place on Tuesday.

"The risks to our forecasts however, are tilted to the downside because of Brexit", Amit Kara, an economist at NIESR, said.

United Kingdom growth figures at 9.30am will provide the latest insight into how the economy is faring as Brexit looms. "For as long as this remains unclear, businesses will continue to defer major investment plans and households will reconsider making big-ticket purchases".

This is the final three-month GDP report that British lawmakers will have to mull over in the lead up to the Tuesday vote on prime minister Theresa May's Brexit deal.

There were several factors at play in the sharp slowdown, but that Brexit-related uncertainty was not primary, as there is a global slowdown of both services and manufacturing - the United Kingdom is part of that, Amit Kara, head of United Kingdom macroeconomic forecasting at the NIESR, told Xinhua.

November's monthly growth was driven largely by the dominant services sector, representing almost 80 percent of the economy, with growth broadly based, and driven by retail, wholesale, and auto trading, boosted by strong pre-Christmas retail sales.

Recommended News

  • Tamilrockers leaks 'The Accidental Prime Minister' online after Rajinikanth's 'Petta'

    Tamilrockers leaks 'The Accidental Prime Minister' online after Rajinikanth's 'Petta'

    Not differentiating between South and Bollywood films , The Accidental Prime Minister is also all over the internet. The Accidental Prime Minister has been written by Vijay Ratnkar Gutte, Mayank Tewari, Karl Dunne and Aditya Sinha.
    Sarri tells Chelsea: I need a Cesc replacement

    Sarri tells Chelsea: I need a Cesc replacement

    The home side were cruising after Pedro's early goal but were pegged back by Ciaran Clark's equaliser shortly before half-time. I have no idea [how soon a replacement will arrive].The club is anxious , I don't know. "The club knows very well my opinion".
    See the brilliant inbound play that saved Duke against Florida State

    See the brilliant inbound play that saved Duke against Florida State

    Walker and Mfiondu Kabengele comprise a talented core that, on their home floor, could potentially push this Duke team a bit. Duke: The Blue Devils were on the ropes but pulled out a road victory in a tough environment, doing it without Williamson.
  • Renault, Nissan hold board meetings before expected new Ghosn indictment, report says

    Renault, Nissan hold board meetings before expected new Ghosn indictment, report says

    The open hearing on Tuesday, which drew worldwide attention, was his first public appearance since his arrest on November 19. Ghosn's prolonged detention has put the spotlight on Japan's justice system, which has come in for some global criticism.
    Ulster secure crucial victory over Racing 92

    Ulster secure crucial victory over Racing 92

    Second-placed Ulster are on 18 points ahead of of their final round showdown with Leicester Tigers at Welford Road next Saturday. On Saturday, he scored a try midway through the first half before being forced off at half-time due to a leg injury.
    Amazon Snare Over 1 Million Echo Auto Pre-Orders

    Amazon Snare Over 1 Million Echo Auto Pre-Orders

    Like its rival, users can ask Alexa to navigate map instructions, query weather conditions, control music plus much more. Music is coming to Alexa-enabled Echo devices, Amazon , in a rare move to broaden Apple's streaming music ecosystem.
  • Kohlschreiber, Sandgren reach semifinals at ASB Classic

    Kohlschreiber, Sandgren reach semifinals at ASB Classic

    Norrie will now face Tennys Sandgren after the American served outstandingly in a 6-4 6-2 victory over Philipp Kohlschreiber . Sandgren was in ominous form winning 31 of his 33 of his first serve points as he cruised to a comfortable 6-4, 6-2 win.
    AI outperforms humans in identifying cervical cancer

    AI outperforms humans in identifying cervical cancer

    The percentage was even lower for women aged 21 to 29, with just over half up to date on screenings. The researchers also observed troubling disparities across racial/ethnic groups.
    4 things Bungie should do after splitting from Activision

    4 things Bungie should do after splitting from Activision

    What followed (four years later) was Destiny and more recently Destiny 2 being developed by Bungie and published by Activision. Over an eight-year period with Activision, Destiny built a community over 10 million strong across various platforms.
  • Huawei says sacks employee in Poland that was arrested on spying charges

    Huawei says sacks employee in Poland that was arrested on spying charges

    He said the country is considering recommending caution towards the company, including potential exclusion from its IT market. The arrest was made as a part of ongoing investigations into the alleged violations of United States trade sanctions.
    Unai Emery defends Mesut Ozil omission in defeat to West Ham

    Unai Emery defends Mesut Ozil omission in defeat to West Ham

    I had obviously heard about him when I came to the club, but seeing him on the training ground, he has a big future ahead of him. The north London side slumped to a disappointing 1-0 defeat yesterday at West Ham.
    Wozniacki: I can win Australian Open

    Wozniacki: I can win Australian Open

    I really appreciate what he's done for women's tennis . "It's like if I'm talking to someone one-on-one it stresses me out". Your hard work and perseverance taught me so much. "From there, I've been in the third round 100 million times already".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.