Construction sector surges thanks to interest rate cuts and planning reform October 4, 2024 "UK construction companies indicated a decisive improvement in output growth momentum during September," Tim Moore, economics director at S&P Global Market Intelligence said.
Services inflation falls to lowest level since February 2021, survey suggests October 3, 2024 The survey noted that "competitive pressures continued to limit pricing power," which helped to contain inflationary pressures.
UK set to be the ‘standout performer’ among major economies September 4, 2024 Analysts at Panmure Liberum think the UK will be the “standout performer” among major economies in the months to come with firms set to benefit from strengthening domestic demand. In a note published this morning, the City brokerage discussed its early cycle indicator (ECI), a tool for predicting how economies are likely to perform over [...]
Services firms benefit from post-election stability and rosy economic outlook September 4, 2024 The survey put activity in the services sector at its fastest pace since April, extending the current period of growth to ten months.
Ashtead: Profit down at equipment giant as revenue slows September 3, 2024 Equipment rental group Ashtead’s revenue grew just two per cent, and profit fell during the three-month period ending 31 July, as a construction slowdown across the US hit the company. The equipment hire giant, the FTSE 100’s 25th largest firm, reported revenue of $2.75bn (£2.1bn) for the period, up from $2.7bn (£2.06bn) in the prior [...]
UK manufacturing activity reaches highest level in 26 months September 2, 2024 Activity in the UK’s manufacturing sector grew at its fastest pace for more than two years last month, a closely-watched survey has suggested, in another positive sign for the economy.
Growth set to continue as confidence in the economy builds August 22, 2024 A closely watched survey suggests that the UK will continue growing at a robust pace in the second half of the year as confidence in the economy continues to build. S&P’s ‘flash’ purchasing managers’s index (PMI) accelerated to 53.4 in August, up from 52.8 last month and ahead of the 52.9 expected by economists. PMIs, [...]
Construction activity hits fastest pace in two years as housing sector returns to growth August 6, 2024 The reading put the construction sector in expansion for the fifth consecutive month and was the fastest pace of growth since May 2022.
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 [...]
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 [...]