UK growth set to continue as manufacturing PMI climbs to two year high Economics The economy’s strong performance so far in 2024 looks set to continue thanks to the continued recovery of the manufacturing sector, a closely watched survey suggests. S&P’s ‘flash’ purchasing managers’s index (PMI) came in at 52.7, up from 52.3 last month and slightly higher than the 52.6 expected by economists. The survey, which measures economic [...]
Election uncertainty knocks activity in service sector Economics Despite the fall, June's final PMI was higher than the 51.2 recorded in the initial 'flash' estimate
Growth in UK manufacturing sector slows but continues to ‘recover solidly’ Economics This helped to offset continued weakness from overseas markets, with inflows of new work from abroad falling for the 29th month in a row.
Recovery in construction sector continues as activity builds to two-year high June 6, 2024 An upturn in commercial property helped push construction activity to its highest level in two years, a new survey shows.
Interest rate cuts edge closer after ‘very encouraging’ inflation news June 5, 2024 Following today’s release, Rob Wood, chief UK economist at Pantheon Macroeconomics, said April’s worryingly high inflation figures were a “flash in the pan”.
Manufacturing activity jumps to highest level in over two years June 3, 2024 The survey showed that the upturn in activity was broad-based by both sub-sector and company size.
UK economy: Survey suggests growth is slowing ahead of July general election May 23, 2024 The performance of the UK economy is likely to be central to the election campaign.
UK construction activity recovers despite housebuilding struggles May 7, 2024 Of all the sub-sectors, activity in the commercial sector increased at the fastest pace with a score of 53.9.
UK manufacturing slips back into contraction amid Red Sea disruption fears May 1, 2024 The survey confirms that the manufacturing sector slipped back into contraction after March's slight uptick. Prior to March manufacturing had been in contraction since July 2022.
Strong services sector helps UK economy continue to ‘gain momentum’, but inflationary fears mount April 23, 2024 Although the manufacturing sector recorded a marginal decline in activity in April, output from the services sector climbed for the sixth consecutive month.