the United Kingdom – Muhasebe News

Growth Picking Up Despite Political Uncertainty

MuhasebeNews — Sat, 13 May 2017 06:30:05 +0000

Growth in the EBRD region averaged 1.8% in 2016, broadly in line with projections made as far back as May 2015.

Average growth is expected to pick up to 2.4% in 2017 and 2.8% in 2018. The outlook for growth in 2017 is largely unchanged compared with our last forecast in November 2016.

The differences in economic outlook between the East and in the West of the EBRD region have narrowed.

Economic policy uncertainty increased as the new administration took office in the United States following the November 2016 presidential elections and the United Kingdom served the official notice of intention to exit from the European Union (“ Brexit”), with a two-year countdown starting on 29 March 2017.

Source: Republic of Turkey Ministry of Economy

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Industrial Producer Prices Down by 0.3% in Euro Area!

MuhasebeNews — Sat, 06 May 2017 10:07:17 +0000

In March 2017, compared with February 2017, industrial producer prices fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.

In March 2017, compared with March 2016, industrial producer prices rose by 3.9% in the euro area and by 4.6% in the EU28. The largest increases in industrial producer prices were recorded in Belgium (+12.4%), the Netherlands (+9.2%) and the United Kingdom (+8.8%), while a decrease was observed in Luxembourg (-3.2%).

The 3.9% increase in industrial producer prices in total industry in the euro area in March 2017, compared with March 2016, is due to rises of 8.2% in the energy sector, of 3.9% for intermediate goods.

Source: Eurostat