UK factory input prices see fall
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UK manufacturers' costs fall more than expected in January and at the fastest annual pace in more than four years.
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A sharp and surprising downturn in Britain&#39;s economy made the City predict yesterday that interest rates have peaked, and signs emerged that the higher cost of borrowing is putting the brakes on the housing market and the manufacturing sector.
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Britain's trade in goods deficit fell to 4.6 billion pounds (6.58 billion euros, 8.61 billion dollars) in November from a downwardly revised 5.0 billion in October.
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Britain's manufactured output fell surprisingly by 0.2 percent in January from the December figure, owing to widespread falls across all sectors of the industry, official data showed on Friday.
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Business & money: Index of leading UK shares falls to lowest level since credit crunch began last August
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The average price of unleaded petrol in the UK slips below 90p a litre after more supermarket price cuts.
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An index of optimism among UK manufacturers fell in the three months through October to the lowest since July of last year, the Confederation of British Industry said, adding to evidence of a slowdown in industry.
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The purchasing manager index of activity in the UK manufacturing sector fell sharply to 52.2 in September from a downwardly revised 52.
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Manufacturers&#39; business confidence in the three months to October deteriorated to its weakest level since the middle of last year as input prices, particularly oil, remained high, a survey shows.
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The CBI says UK small and medium businesses expect domestic orders to fall in coming months.
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U.S. manufacturers expect the economy to slow in 2007, as the weakening housing market continues to take a toll on business, according to data released on Thursday.
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The UK&#39;s economic growth slowed in the third quarter as manufacturing output declined, preliminary data has shown. Gross domestic output (GDP) increased 0.4% in the three months to 18 October, according to
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Business & money: Â· Data shows Britain in line for prolonged slowdownÂ· Balance of payments runs to shortfall of Â£20bn
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The pound has fallen to an all-time low against the euro as the outlook for the UK economy darkens.
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UK manufacturers did not raise their prices as much as analysts had forecast in June, official figures show.
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LONDON : Britain&#39;s manufacturing industries experienced an unexpected drop in output in August, the first time since January 2002 that output has fallen for three months in a row.
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Manufacturing output fell by 0.2 percent in January from the December figure, official data showed on Friday.