UK Economic Indicators
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As per latest UK economic indicators, functioning on a macro-economic level and brought out by National Statistics, national economy has depreciated at a rate of 1.5 percent in final quarter of 2008 fiscal.
According to information on Mexico’s economic indicators rate of decline has been rather sharp. Much of this has been caused by turbulences in prices of oil. There have been disturbances in construction component that deals with industrial output.
As per latest UK economic indicators, functioning on a macro-economic level and brought out by National Statistics, national economy has depreciated at a rate of 1.5 percent in final quarter of 2008 fiscal.
According to information on Mexico’s economic indicators rate of decline has been rather sharp. Much of this has been caused by turbulences in prices of oil. There have been disturbances in construction component that deals with industrial output.
This data revealed by United Kingdom economic indicators is result of deduction of expenditures of business houses and consumers. Levels of expenditure have come down as an inevitable aftermath of global financial problems.
According to UK’s economic indicators, gross domestic product of UK decreased by 0.7 percent in quarter that ended in September 2008. In that same period rate of economic growth in UK was 0.7 percent in comparison to fiscal 2007.
Information from economic indicators of UK has revealed that in fiscal 2007 UK GDP had grown at a rate of 3 percent. In fourth quarter of 2008 output from production industries went down at a rate of 4.5 percent compared to final quarter of 2007. In final quarter of 2007 rate of decline of output from production industries in UK had been 1.7 percent compared to last quarter of 2006.
UK Construction PMI, which is among major economic indicators in UK, has dropped yet again in February 2009. At present it has reached 27.8 points, which is a low that has never been reached before. In February 2009 this index had increased by 5.2 points that was both sharp and unexpected.
Dropping of UK Construction PMI and similar economic indicators at UK is an ominous sign for construction market of UK. At present housing sector in UK has been facing issues with access to liquid credit. Deductions in rate of interest by Bank of England have not helped cause of construction industry of UK.
As per latest information on economic indicators for UK, Consumer Prices Index for January 2009 has seen a monthly change of -0.7 and yearly change for 3. During this same period Retail Prices Index has witnessed a monthly change of -1.3 and a yearly change of 0.1.
RPIX, which is among major UK economic indicators and excludes mortgage interest, has seen a monthly change of -0.8 in January 2009 and a yearly alteration of 2.4.
Producers Prices Index deals with PPI Input prices and is among prominent UK economic indicators. In January 2009 there has been a monthly change of 1.5 and a yearly change of 2.3 in it.
