Manufacturers and utility companies piled up their stocks in the third quarter of the year, helping the economy to grow slightly even though household spending flat-lined and investment fell.
The official second estimate of gross domestic product for the third quarter – which breaks economic activity down by expenditure – stuck to the first estimate of GDP growth of 0.5 per cent.the Wholesale Polished tiles For Floor virus is not completely But economists said the details did not point to a healthy economy.
“The detail is very disappointing and supports our view that the UK is poised for a short and (hopefully) shallow recession,” David Tinsley, an economist at BNP Paribas, said.
A separate survey of the manufacturing sector added to the picture of an economy struggling to grow as the eurozone crisis rages across the channel. Respondents to the CBI survey, which was conducted in the first two weeks of this month,bay sensing and enforcement Wholesale Soluble Salt For Bathrooms. indicated their exports orders were falling at the fastest pace in almost two years.
Next week the government will announce measures to try to stimulate the economy, though it has little room for manoeuvre because it is deeply committed to fiscal austerity.
The biggest contributor to economic growth in the third quarter was manufacturing and utility companies building up piles of unsold finished goods.
Rising inventories can be either a good sign or a bad one for an economy: they can imply companies are making more goods in expectation of greater future demand, or they can imply that companies have made more goods than they subsequently found they could sell.Basic information about Wholesale Pulati Polished Tiles For Countertops From China Manufacturers including links
Inventories rose by 2.9bn in the third quarter, although 1.3bn of this was accounted for by an adjustment made by the Office of National Statistics to make the figures add up. Growth was also helped by a 0.you can use a Wholesale General Double Loading For Kitchen From China Manufacturers9 per cent rise in government spending.
Meanwhile, household expenditure was flat after falling for four successive quarters, investment fell 0.2 per cent and exports fell 1 per cent.
Economists at RBS noted that investment and exports were “expected (hoped?) to be the main engines of growth over the next year or two.”
Separate figures showed business investment fell 1.4 per cent in the third quarter from the quarter before, in spite of a big rise in manufacturing investment.,Wholesale Marble Tiles For Floor From China Manufacturers for sale nude oil painting art
The Treasury said the figures showed that “the UK economy is not immune to the turbulence in the eurozone and its impact on British businesses.”
The official second estimate of gross domestic product for the third quarter – which breaks economic activity down by expenditure – stuck to the first estimate of GDP growth of 0.5 per cent.the Wholesale Polished tiles For Floor virus is not completely But economists said the details did not point to a healthy economy.
“The detail is very disappointing and supports our view that the UK is poised for a short and (hopefully) shallow recession,” David Tinsley, an economist at BNP Paribas, said.
A separate survey of the manufacturing sector added to the picture of an economy struggling to grow as the eurozone crisis rages across the channel. Respondents to the CBI survey, which was conducted in the first two weeks of this month,bay sensing and enforcement Wholesale Soluble Salt For Bathrooms. indicated their exports orders were falling at the fastest pace in almost two years.
Next week the government will announce measures to try to stimulate the economy, though it has little room for manoeuvre because it is deeply committed to fiscal austerity.
The biggest contributor to economic growth in the third quarter was manufacturing and utility companies building up piles of unsold finished goods.
Rising inventories can be either a good sign or a bad one for an economy: they can imply companies are making more goods in expectation of greater future demand, or they can imply that companies have made more goods than they subsequently found they could sell.Basic information about Wholesale Pulati Polished Tiles For Countertops From China Manufacturers including links
Inventories rose by 2.9bn in the third quarter, although 1.3bn of this was accounted for by an adjustment made by the Office of National Statistics to make the figures add up. Growth was also helped by a 0.you can use a Wholesale General Double Loading For Kitchen From China Manufacturers9 per cent rise in government spending.
Meanwhile, household expenditure was flat after falling for four successive quarters, investment fell 0.2 per cent and exports fell 1 per cent.
Economists at RBS noted that investment and exports were “expected (hoped?) to be the main engines of growth over the next year or two.”
Separate figures showed business investment fell 1.4 per cent in the third quarter from the quarter before, in spite of a big rise in manufacturing investment.,Wholesale Marble Tiles For Floor From China Manufacturers for sale nude oil painting art
The Treasury said the figures showed that “the UK economy is not immune to the turbulence in the eurozone and its impact on British businesses.”
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