Daily Management Review

Bank Of England’s Survey Reinforces Signs of ‘Weaker Economy’


08/11/2016


Consumer spending slows down while business services begin to crawl.



On Wednesday, the 10th of August 2016, the Bank of England came out with a survey result that deals with the slow growth of business services and the customer spending rates, which has been partly affected by Britain’s voting decision to quit EU.
 
According to the regional survey carried out by BoE in the month of August, “companies expected the referendum would have a negative effect on capital spending, hiring and turnover over the coming year”. The entire results of the survey have been published in the “quarterly Inflation Report” of last week, whereby BoE’s “network of agents” reported in its monthly report:
"Business services growth had softened further, partly reflecting weakness in commercial property investment and corporate transactions”.
"Consumer spending growth had also slowed, although that appeared to have partly reflected the effects of unusually wet weather”.
 
 
 
 
References:
http://www.reuters.com/







Science & Technology

China is developing technology to capture greenhouse gases

IEA: The growth of renewable energy is slowing

Google introduces new smartphone and beta Android Q

SpaceX’s Dragon Crew Capsule Test Met With Anomaly

New Security Study Finds Millions Use 123456 As Password For Email Accounts

The Devastating Panama Disease Could Spell Extinction For Bananas

Walmart to hire 4 thousand robot cleaners

Samsung Galaxy Fold: Expensive but fragile

USA and South Korea launch the first commercial 5G networks

Deliveries of AR/VR devices to grow by 54% in 2019

World Politics

World & Politics

Theresa May to resign on June 7

The Earth Is ‘Not On Track’ To Tackle Global Warming: The U.N. Secretary General

Is Finland’s aging population turning the country into Japan?

The United States will impose new duties on Chinese goods on Friday

Jyrki Katainen: EU is not a milk cow

Oil lobby and the planet's future

Trump files a lawsuit against Deutsche Bank and Capital One

Trump Urged Abe To Influence Japanese Auto Firm To Produce More Vehicles In The U.S.