EURIS Brexit Watch - Week 33

The main points at the end of week 33 in 2017 are as follows:

• Sterling average rate with US Dollar in the first 18 days of August 2017 increased by 0.2% compared to July average, but fell by 2.1% against the Euro in the same period.

• Input prices increased by 6.5% in July 2017 compared to a year earlier; a drop from 9.9% recorded in June 2017.

• Consumer price index grew by 2.6% in the twelve months to July 2017, unchanged from previous month.

• Index of production grew by 0.3% in the twelve months to June 2016.

• The first estimate of UK GDP growth in the second quarter of 2017 was 0.3%; equivalent to £472.9 billion and a growth of 1.7% compared to 2016 Q2.

• Unemployment rate decreased to 4.4% in the three months to June 2017; the lowest rate since May 1975.

• Retail sales volume grew by 1.3% in the twelve months to July 2017

• Business investment for all industries grew by 0.7% to £43.7 billion in 2017 Q1.

• Exports trade in value grew by 10.4% in June 2017 to £49.4 billion compared to twelve months earlier and imports also grew by 12.1% to £54.0 billion in the same period.

• The construction output, at constant prices, grew by 0.9% to £11.5 billion in June 2017 compared twelve months earlier.

• Turnover grew across all the four monitored manufacturing industries in June 2017.

Compared to twelve months ago, Electronics grew by 15.3%, Electrical grew by 9.6%,

Mechanical grew by 7.5% and Fabricated Metals grew by 3.6%.

The full report can be downloaded at the link below.