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Monthly Archives: August 2011

Growth continues to slow in major economies

Gross domestic product (GDP) in the OECD area slowed to 0.2% in the second quarter of 2011, down from 0.3% in the previous quarter. This is the fourth consecutive quarter of slower growth. The slowdown was particularly marked in the Euro area and the European Union, where growth slowed to 0.2% compared to 0.8% in the previous quarter. Significant falls … Continue reading

Posted by Nigel Tree | Comments Off on Growth continues to slow in major economies

Manufacturing falls, and trade gap worsens

On top of the looting and mayhem, the UK economy is suddenly looking very flat indeed. UK manufacturing output fell by 0.4% in June according to figures from the Office for National Statistics. This compares with an increase of 1.8% in May which had led many analysts to expect manufacturing would have risen by about 0.2% in June. There is … Continue reading

Posted by Nigel Tree | Comments Off on Manufacturing falls, and trade gap worsens

Slight fall in inflation in OECD area

Consumer prices in the OECD area rose by 3.1% in the year to June 2011, compared with 3.2% in May, according to figures just released. This is the first fall in inflation since November 2010. The reason for the fall in inflation was mainly due to a slowdown in the growth in energy prices which increased by 13.6% in June, … Continue reading

Posted by Nigel Tree | Comments Off on Slight fall in inflation in OECD area