Solid services sector ‘bodes well’ for UK economy despite stubborn price pressures August 5, 2024 Business activity in the services sector picked up in July, according to a closely watched business survey, suggesting that the economy will continue to grow in the months ahead. S&P’s purchasing managers’ index (PMI) for the services sector picked up to 52.5 last month, rising from 52.1 in June and marginally ahead of the 52.4 [...]
Bank of England chief Andrew Bailey ‘looking forward’ to serving for another four years August 4, 2024 Andrew Bailey has vowed to stay on for the duration of his eight-year term despite several calls for his resignation.
US unemployment miss: ‘Has the Fed made a policy mistake?’ August 2, 2024 US unemployment figures missed expectations today, jumping to 4.3 per cent, leaving analysts asking if the Federal Reserve had made a mistake not to cut interest rates on Wednesday.
Bank of England’s Pill: Inflation still needs to be ‘squeezed out’ of the UK August 2, 2024 Despite returning to the two per cent target, inflation still needs to be "squeezed out" of the UK economy, Bank of England chief economist Huw Pill said today.
Bank of England right to be cautious after cutting interest rates August 1, 2024 Different members of the Monetary Policy Committee (MPC) clearly have different views on where the economy is now.
Bank of England: UK growth forecasts get upgraded – but momentum still weak August 1, 2024 Looking to the immediate future, GDP growth in the second quarter is expected to match the 0.7 per cent recorded in the first three months of 2024.
Growth in UK manufacturing sector reaches two-year high giving firms ‘breathing space’ August 1, 2024 The UK manufacturing sector continued on the up, with production growth at its fastest since February 2022, a closely watched survey has shown. S&P’s purchasing managers’ index (PMI) for the manufacturing sector registered 52.1 in July, up from 50.9 in June and above flash estimates of 51.8. The PMI has remained above the neutral 50 [...]
England ‘particularly bad’ at building houses where they are needed, research shows August 1, 2024 Nationwide the total number of properties grew 21 per cent between 1996 and 2021, according to the Institute for Fiscal Studies (IFS).
Fed holds interest rates for eighth straight but signals cuts are coming July 31, 2024 The Fed voted to leave interest rates on hold for the eighth consecutive meeting and did not give any clear sign that rate cuts were on the way.
Eurozone inflation rises unexpectedly but September rate cut still on July 31, 2024 Figures released today showed that prices rose 2.6 per cent in July, ahead of the 2.5 per cent expected by economists.