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#1 2018-06-20 06:19:40

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Registered: 2018-01-06
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LONDON Paulinho Brazil Jersey , Oct. 4 (Xinhua) -- Britain's dominant services sector continues its strong creation of new jobs, despite a slight fall in activity and continued worries over the potential harm of Brexit.

According to a survey report released Wednesday by financial information firm IHS Markit, Britain's Services Purchasing Managers' Index (PMI) hit 53.6 in September, up from an 11-month low of 53.2 in August (above 50 shows growth).

The third quarter aggregate figure of 53.5, compared to an averaged 54.3 in the previous quarter Oscar Brazil Jersey , shows that growth in the services sector, which accounts for more than 75 percent of the British gross domestic product (GDP), has eased slightly since the second quarter.

Survey respondents cited a range of supportive economic fundamentals, including healthy labor market conditions and resilient consumer spending. This is positive for the British economy as consumer spending is currently the principal driver of growth.

However, there were also reports that worries about the business outlook Neymar Brazil Jersey , founded in uncertainty over the outcome of the Brexit negotiations, had acted as a headwind to growth.

"Below the pick-up in the headline PMI, the services survey also saw a drop in the new orders component of the survey, which, at 53.3 Miranda Brazil Jersey , was at its lowest in 13 months," Sam Hill, chief UK economist at Royal Bank of Canada, told Xinhua.

"This month's survey also showed input prices at a seven-month high with firms reporting higher food, energy and fuel bills as well as increased import prices Marquinhos Brazil Jersey , which was reflected in a rise in output prices. Despite also reporting rising staff salaries, firms continued to expand employment at a relatively robust rate," Hill said.

The rate of job creation eased only slightly from August's 19-month high, and a number of firms commented on increased unfilled vacancies at their business units, reflecting difficulties in recruiting suitably skilled staff.

Slack in the British economy has been reduced with unemployment at 4.3 percent and the number of people in jobs at a record high.

Hill said that with the PMI surveys for manufacturing Marcelo Grohe Brazil Jersey , services and construction for the third quarter completed with Wednesday's services release, GDP growth looked likely to be 0.3 percent quarter on quarter.

The positive performance of the services sector contrasts with the contraction in the smaller construction sector, as revealed in PMI figures on Tuesday.

The figures are unlikely to deter the Bank of England's Monetary Policy Committee (MPC) from its intention of putting up the bank rate from its current record low of 0.25 percent.

According to the MPC minutes released last month, the body intended to rewind the 0.25 percent cut made in the wake of the Brexit vote as a precaution against economic headwinds in "the coming months."

"Overall, the MPC still looks on track to put the bank rate up at the November meeting. Beyond that though Luiz Gustavo Brazil Jersey , we remain cautious about the outlook for the economy with the ongoing loss of momentum in the all-important consumer sector," said Hill.


SANTIAGO, Sept. 9 (Xinhua) -- Chile is looking to boost its cranberry exports to China, according to the country's ambassador to Beijing, Jorge Heine.

""Cranberries have been one of the great successes of our fruit exports,"" Heine wrote in a recent article headlined ""Betting on our Super Fruit in China.""

While ""Chile has only cultivated the fruit since the 1980s, it is already the leading exporter of the fruit in the Southern Hemisphere, said Heine.

""With its counter-season production, Chile is the major supplier of the U.S. and European markets (and) since 2012, it has also been exporting to China,"" said the diplomat.

""In China, the cranberry is something new. Nevertheless, large Chinese conglomerates, such as Legend Holdings, envisioning its great potential, are betting on this fruit, to the extent of even investing in it in Chile,"" said Heine.

Heine said the peak season for buying fresh fruit in China is during the main holidays, such as the Lunar New Year celebrations and National Day in October, since the Chinese traditionally present each other with gifts of fruit.

""Per capita consumption of cranberries in China is still low, but it's growing. The Chinese consumer values its nutritional value, health benefits and status as an 'exotic' fruit,"" said Heine.

Considered a ""super fruit,"" the tart red berry is packed with vitamins A and C, and phytonutrients that have antioxidant and anti-inflammatory properties.

Cranberries were brought over to Chile from New Zealand in the 80s, said Heine, adding that today the South American country plants some 30,000 hectares of the fruit to produce 90,000 tons a year.

Since Chile and China signed a free-trade agreement in 2005, Chile's agricultural and forestry exports to the Asian giant have grown 471 percent to reach 2.439 billion U.S. dollars in 2015, according to an August 2016 report from the Ministry of Agriculture.


LISBON, Oct. 30 (Xinhua) -- The Portuguese economy is recovering thanks to a boost in exports, private consumption and investment, Portugal's economy minister said on Thursday.

"We are on the right track Lucas Moura Brazil Jersey ," Antonio Pires de Lima said at the end of the first debate about the budget bill for 2015, at parliament, according to local media.

Pires de Lima said the country had implemented important reforms during its economic adjustment in the past years, adding that the country was now "more competitive."

Portugal was bailed out in 2011 by the European Commission, the International Monetary Fund and the European Central Bank and had to stick to a strict set of reforms Lucas Lima Brazil Jersey , cutting spending and implementing one of the biggest tax hikes in living memory.

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2018-06-20 06:19:40



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