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

Scientists Discover Largest Ever Under Water Volcanic Eruption Near New Zealand

Bitcoin craze increased load on the power grid to the maximum

PC And Server Performance Slows Down Due To Security Patches For Chip Flaws, Says Microsoft

Cybersecurity Firm Claims Cryptocurrency Monero Might Be Getting Funneled To North Korea University

The Way We Travel Will Be Changed by The Colorless, Odorless Gas - Hydrogen

EU's Big Change In Data Protection Rules Makes Businesses To Get Ready For It

Artificial Intelligence Helps NASA Find An 8th Planet In Orbit Of A Distant Star

Australian Research Success Could Mean Shatterproof Cell Phones Could Soon Be A Realityv

Top ten hi-tech events of the year

Tesla Considering Designing And Developing AI Chips On Its Own To Support Its Auto-Pilot Project

World Politics

World & Politics

2017 Was Second Warmest Year Since Records Were Kept And It Had No El Nino Effect

France and Germany want to reform the eurozone

Take and go away: new approach to refugees in Europe

Both The Korean Countries Will Come Together In Olympic Talks

Parties of Germany agreed on the migrants problem

Munich Re: Natural disasters caused record damage in 2017

High-Level Talks To Be Held Between North And South Korea In Over Two Years

Sexually Abusing Children Interests An Estimated 20,000 British Men, Shows Police Monitoring Of Chat Sites