‘Stars are aligning’ for UK economy after inflation data and Bank of England rate decision UK Economy "We think the stars are aligning for stronger consumer spending growth this year," Rob Wood, chief UK economist at Pantheon Macroeconomics said.
UK economy sees another ‘robust expansion’ in March as manufacturing sector improves UK Economy The recovery of the UK economy looks set to roll on as business activity continued expanding in March, a closely watch survey suggests.
London remains UK’s strongest region as capital powers country out of recession London Despite the decrease, the figures still pointed to a "robust expansion in activity" with London remaining the strongest-performing region in the UK.
Hopes of lower interest rates fuel construction sector optimism amid housebuilding resurgence March 6, 2024 The overall construction PMI rose to 49.7, up from 48.8 in January, its highest level since August 2023 and only marginally below the neutral 50-mark.
UK economy ‘turned a corner’ despite slight weakening in services sector March 5, 2024 New business orders drove the increase, with the survey showing the sharpest rate of new business growth since May 2023.
Recession ‘already over’ as economic activity picks up again but inflationary pressures grow February 22, 2024 Figures out last week confirmed that the UK slipped into a shallow recession in the second half of last year.
Hopes of lower interest rates fuels optimism in the construction sector February 6, 2024 The sector has been hit hard by rising interest rates, which have sent a chill through the housing market and depressed new construction projects.
UK services activity rises at fastest pace in eight months February 5, 2024 The UK's services sector saw a "solid increase" in business activity last month, as well as an uptick in job creation, according to a closely watched survey.
UK economy off to ‘promising start’ in 2024 but firms reveal impact of Red Sea crisis January 24, 2024 The survey measures business activity in the private sector. Anything above 50 indicates business activity is expanding.
London sees output boom as demand picks up in December January 15, 2024 Firms in the capital saw new business orders accelerate in December taking the new business index to its highest level since May.