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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 | Leave a comment

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 | Leave a comment

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 | Leave a comment