lets start with the reasons behind this. things like bank holidays strikes, how important are they? they are important and they can have a push and pull impact on these figures. we tend to see a boost to pub and restaurant although that wasn t the case in may, on the other hand, we tend to see it has a negative impact on manufacturing and construction activity because of those extra days off which is exactly what we did see in may. there is no doubt that the bank holidays had an impact and resort services was pretty much flat in may. we saw human health was a bit stronger because there weren t any strike day byjunior doctors but there was an increase in the output for arts and entertainment. that s partly because of the bank holidays. it was a bit of a mixed report but as you say, we saw a contraction in may, a bit better than expected. but matt lets pick up on those pay deals. , . ., ., matt lets pick up on those pay deals. , . . . , deals. they have agreed a pay rise, what
that we have returned to negative growth? that we have returned to negative urowth? , that we have returned to negative . rowth? , ., . ., , that we have returned to negative urowth? , ., , , . growth? they were actually expecting 0.396 contraction growth? they were actually expecting 0.396 contraction during growth? they were actually expecting 0.396 contraction during may, - growth? they were actually expecting 0.396 contraction during may, due - growth? they were actually expecting 0.396 contraction during may, due to l 0.3% contraction during may, due to the impact of the extra bank holiday related to the coronation. pretty mixed bag. it is not great overall. if you look at the numbers over the last three months, the uk economy essentially flatlined, as you said in your preamble. the uk economy is barely larger than it was four years ago, pre covid. it s not looking great, and if you look at what the markets think in terms of longer term growth for the uk economy, the
Fallen sharply after fears that the conservatives might not get the majority in the general election that many are thinking may happen. Hi Claire Castle may be better known as the Filming Location for down to gnabry but its also home to europes most successful horse racing ownership company. Well get the inside track with harry herbert. And its been revealed the Bank Of Englands staff have been studying dr seuss to brush up on Communication Skills because he has been described as a master of using simple language. With like to know what business language you think would benefit from the dr seuss treatment. We promise no jargon here on Business Live. India has retained its crown as the Fastest Growing major economy in the world. Economists are predicting Indian Economy grew by 7. 1 , thats in the first three months of this year. But would be faster than china which is currently at 6. 9 . The resilience of the Indian Economy will be welcome news for Prime Minister Narendra Modi following
Business news live from singapore. 20 years since hong kongs hand over to china is its economy better or worse off . And it has been two decades since the Asian Financial crisis we look at the philippines and why it did better than its regional neighbours in riding out the turmoil. Good morning, asia. Hello, world. Thank you forjoining me for this friday edition of Asia Business report. Im rico hizon. As we told you on newsday this weekend marks 20 years since hong kong saw the end of British Colonial will. Chris patten was the last governor of hong kong, which is one of the major financial hubs of asia. My of the major financial hubs of asia. My colleague asked him if he is concerned about the future of the economy under chinas growing influence. My biggest worry about hong kong wasnt that the tanks would roll in from the north but that hong kong would simply become the richest city in china. I dont think that is going to happen so long as hong kong can hold onto the rule of law, inde
Hello and welcome to Business Live. Chinese president xijinping is in russia for talks with his counterpart Vladimir Putin today. Trade is set to be top of the agenda ahead of the 620 meeting of Global Leaders later this month. The visit will be xis sixth tour to russia since taking office in 2012. And their meetings seem to be bearing fruit according to china, trade between the two increased by over 26 in the first four months of the year, reaching nearly 25 billion. Cooperation is increasing too. Russia will be a key component of chinas belt and Road Initiative an ambitious multi trillion Dollar Project that will link europe and asia via the historic silk road. As part of the project and as a symbol of this close relationship beijing has even agreed to help finance a High Speed Rail Link within russia itself Linking Moscow to the city of kazan. Joining me now is dr yujie, head of china foresight, at lse ideas. Thank you for coming in to doctor us. Thank you for coming in to doctor us