binance left Coinmarketcap net_left adver left

UK hit by record staff absences, hospitality slump from Omicron wave

Thursday, January 13, 2022
UK hit by record staff absences, hospitality slump from Omicron wave © Reuters. FILE PHOTO: Empty tables are seen in a restaurant amid the coronavirus disease (COVID-19) pandemic in London, Britain, December 18, 2021. REUTERS/Peter Nicholls

By David Milliken

LONDON (Reuters) -Britain saw record levels of staff absence due to COVID-19 around the turn of the year and a slump in restaurant bookings last week, but signs that the Omicron wave has peaked mean the hit to the economy should be reversed soon, economists said.

Across the private sector, 2.7% of staff were absent in late December due to COVID symptoms or self-isolation, the most since the Office for National Statistics began collecting the figures. The rate rose to 5.5% for hotels and restaurants, and to 6.7% for other services.

The world's fifth-biggest economy looks on course to shrink in December and January before growing modestly over the first three months of 2022.

"My prior (belief) going into this was that the Omicron hit hasn't been that large," said James Smith, UK economist at ING. "And when I look through the various aspects of the data out this morning, I think that's still the case."

Britain's economy will shrink by a cumulative 0.5% over December and January but grow by around 0.1%-0.2% in the first quarter, Smith said.

Pantheon Macroeconomics upgraded its forecast on Tuesday to show first-quarter growth of 0.2% rather than flat output due to falling COVID cases and the likelihood of a relaxation of England's COVID-19 restrictions at the end of this month.

Pubs, restaurants and other consumer-facing service industries have born the brunt of the surge in infections.

While the sector did not face new COVID-19 restrictions in England - unlike in the rest of the United Kingdom - many patrons have chosen to stay away.

Some 44% of businesses in the food and hotel sector reported an increase in cancellations in their key month of December, rising to 64% for businesses in the 'other services' category which includes firms such as beauty parlours.

Trade body UKHospitality said Christmas Day sales were 60% lower than normal and spending was down 27% on New Year's Eve.

Data from booking website OpenTable showed reservations in the week to Jan. 10 were more than a third lower than the week before, after adjusting for the time of year.

"Cash reserves are severely depleted, and some businesses will struggle to survive the first quarter of 2022," UKHospitality chief executive Kate Nicholls said.

However, retailers enjoyed stronger-than-expected sales in the final weeks of 2021. Supermarkets gained as Britons entertained at home, though they warned of growing inflation pressures.

Recruiters also pointed to inflation pressures ahead as staffing pressures eased only slightly in December from record levels in the autumn.

The Bank of England has warned that inflation will peak at a 30-year high of around 6% in April.

ING's Smith said falling Omicron cases now pointed to a 50% chance that the BoE would raise rates to 0.5% next month, after hiking rates to 0.25% in December, its first tightening since the start of the pandemic.

But he was less convinced by market expectations that rates would reach 1% by August - above their level before the pandemic - and he saw inflation falling sharply in late 2022 and 2023 if energy price rises level off and second-hand car prices fall.

Leave your comment
ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
16-01-2022 22:57:13 (UTC+7)

EUR/USD

1.1420

+0.0006 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

EUR/USD

1.1420

+0.0006 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

GBP/USD

1.3681

+0.0008 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

USD/JPY

114.43

+0.23 (+0.21%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (0)

Sell (7)

AUD/USD

0.7214

+0.0008 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/CAD

1.2536

-0.0018 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

EUR/JPY

130.67

+0.32 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

1.0441

+0.0012 (+0.12%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (1)

Gold Futures

1,818.45

+1.95 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

23.003

+0.085 (+0.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Copper Futures

4.4247

-0.0033 (-0.07%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Crude Oil WTI Futures

83.59

+0.29 (+0.35%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

Brent Oil Futures

86.23

+0.17 (+0.20%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (1)

Natural Gas Futures

4.331

+0.108 (+2.56%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (9)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,272.19

-43.71 (-1.01%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,883.24

-148.35 (-0.93%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

FTSE 100

7,542.95

-20.90 (-0.28%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

Hang Seng

24,225.87

-157.45 (-0.65%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (4)

US Small Cap 2000

2,161.48

+2.05 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,806.60

-10.30 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

68.110

+0.360 (+0.53%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

Bayer AG NA

52.59

+1.53 (+3.00%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

Allianz SE VNA O.N.

227.00

-0.40 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Adidas AG

252.35

-3.85 (-1.50%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Deutsche Lufthansa AG

7.241

-0.043 (-0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Siemens AG Class N

145.86

-5.64 (-3.72%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

11.954

-0.246 (-2.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.1420↑ Buy
 GBP/USD1.3681↑ Buy
 USD/JPY114.43Neutral
 AUD/USD0.7214↑ Buy
 USD/CAD1.2536↑ Sell
 EUR/JPY130.67↑ Buy
 EUR/CHF1.0441Neutral
 Gold1,818.45↑ Buy
 Silver23.003↑ Buy
 Copper4.4247Buy
 Crude Oil WTI83.59↑ Buy
 Brent Oil86.23Neutral
 Natural Gas4.331↑ Sell
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,272.19Buy
 S&P 5004,662.85↑ Buy
 DAX15,883.24↑ Buy
 FTSE 1007,542.95Sell
 Hang Seng24,225.87Sell
 Small Cap 20002,161.48↑ Buy
 IBEX 358,806.60↑ Buy
 BASF68.110Sell
 Bayer52.59↑ Sell
 Allianz227.00↑ Sell
 Adidas252.35Buy
 Lufthansa7.241↑ Buy
 Siemens AG145.86Neutral
 Deutsche Bank AG11.954Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,120/ 6,160
(0/ 0) # 1,153
SJC HCM6,115/ 6,175
(15/ 5) # 1,168
SJC Hanoi6,115/ 6,177
(15/ 5) # 1,170
SJC Danang6,115/ 6,177
(15/ 5) # 1,170
SJC Nhatrang6,115/ 6,177
(15/ 5) # 1,170
SJC Cantho6,115/ 6,177
(15/ 5) # 1,170
Cập nhật 16-01-2022 22:57:15
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,818.99+1.280.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$83.56+0.280.34%
Brent$85.71+0.340.39%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.540,0022.850,00
EUR25.234,8826.649,42
GBP30.246,4531.537,99
JPY192,66203,94
KRW16,5020,10
Cập nhật lúc 10:53:49 17/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right