GB / Indicators-Labor market deteriorated during the summer

* EMPLOYMENT DEGRADES, SALARIES SLOW

October 15 – The labor market in Britain deteriorated in the June-August period, with the Brexit approach leading to the largest decline in employment in more than four years.

The number of people in employment declined, contrary expectations, from 56,000 to return to 32.69 million over the three months to end August, said Tuesday the National Statistics Office (ONS). Economists polled by Reuters expected on the contrary a rise of 23,000.

The number of unemployed increased by 22,000 to 1,314 million.

The increase in remuneration, including bonuses, was 3.8% year-on-year over the three months to end of August, against 3.9% over the three months to end July.

Excluding bonuses, the increase in compensation slowed to 3.8%, a figure slightly higher than the Reuters consensus, which gave 3.7%.

The unemployment rate has increased according to expectations to 3.9%.

Board :

* DECLINE IN INDUSTRIAL PRODUCTION IN AUGUST

October 10 – The UK economy appears to be avoiding a recession before the UK's announced exit from the EU, despite a decline in activity in August, official statistics show Thursday.

The gross domestic product (GDP) grew by 0.3% over the three months to end of August compared to the previous three months, a growth higher than the most optimistic of economists estimates collected by Reuters.

In August alone, however, economic activity fell by 0.1% while the consensus was unchanged. July's growth was revised upwards to 0.4%.

Industrial production fell 0.6% month-on-month and manufacturing output 0.7%; over one year, industrial production fell 1.8%, manufacturing output 1.7%.

Foreign trade statistics in August show a widening of the trade deficit to 9.8 billion pounds sterling (10.9 billion euros) in August after 9.6 billion pounds in July. The consensus gave it to 10.0 billion.

Table of industrial production and GDP:

Table of the trade balance:

Indicators published in September