UK economy: Services firms’ new orders fall for first time in over a year February 5, 2025 The survey showed that incoming work for services firms decreased in January, ending a 14-month period of continuous growth.
UK economy: Inflation worries build as manufacturing cost pressures surge February 3, 2025 S&P's purchasing managers' index (PMI) for the manufacturing index showed that input prices increased at "accelerated rates" last month.
UK economy: Stagflation concerns persist after worrying week January 24, 2025 Data out this week suggested that concerns about stagflation have not yet fallen off the agenda.
Firms slash jobs and hike prices as Reeves’ Budget fallout continues January 24, 2025 UK businesses hiked prices and cut staff in January, a new survey shows, as firms continued to struggle in the wake of October’s Budget. The latest ‘flash’ purchasing managers’ index (PMI), which reflects business activity in the private sector, showed employment levels decreasing for the fourth month in a row. “Many firms suggested that the [...]
Construction momentum fades amid fragile consumer confidence January 7, 2025 Construction activity in the UK economy fell to a six-month low in December, a new survey shows, with momentum slowing across the sector. Housebuilding activity slipped deeper into contraction, according to S&P’s construction purchasing managers’ index (PMI), while growth in commercial and civil engineering work slowed compared to the month before. This meant that the [...]
Manufacturing downturn deepens as firms brace for national insurance rise January 2, 2025 Activity in the UK’s manufacturing sector fell to its lowest level in nearly a year, a new survey shows, as businesses brace for the impact of the government’s first Budget. According to S&P’s manufacturing purchasing managers’ index (PMI), factory output, new orders and employment, all fell at accelerated rates in December. This pushed the overall [...]
Slump in housebuilding casts doubt on government’s new homes pledge December 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said housebuilding was suffering from a "sustained downturn".
Budget tax hikes send business confidence to two year low, survey shows December 4, 2024 S&P's purchasing managers' index (PMI) for the services sector showed that business expectations for the year ahead were at their lowest level since December 2022.
Manufacturing activity drops to nine-month low following Budget December 2, 2024 Rob Dobson, director at S&P Global Market Intelligence, said manufacturing was struggling due to a combination of high costs, weak demand and concerns over the economic outlook.
‘A clear thumbs down’: UK business confidence slumped post-Budget November 22, 2024 The UK’s business optimism “slumped” in a downturn after the Autumn Budget, according to a closely watched survey of the private sector. S&P’s ‘flash’ purchasing managers’ index (PMI) came in at 49.9 in November, now below the neutral 50.0 threshold, down from 51.8 last month, and the lowest since October 2023. Firms reported a fractional [...]