Reeves’ taxes hammer private sector as one of ‘lowest ever’ PMIs recorded Economics Private sector output fell in April for the first time in a year and a half as firms reported “more of a struggle” to survive after Chancellor Rachel Reeves’ tax rises kicked in, S&P Global’s flagship survey has suggested. Businesses had been preparing for Reeves’ £20bn hike to employers’ national insurance contributions (NICs) for the [...]
Budget uncertainty sends economic activity down to lowest level in almost a year Economics Uncertainty surrounding the Budget knocked economic activity in October, according to a closely watched business survey, as firms delayed decisions in the face of possible tax changes.
Manufacturing remains in expansion but confidence plummets ahead of budget Economics The fall in confidence was the largest since March 2020, just before the Covid lockdown.
UK economy: Growth continues but budget concerns ‘jangling nerves’ September 23, 2024 PMIs, which measure business activity in the private sector, are closely watched for clues about the economy’s performance.
Construction sector ‘turns a corner’ as housebuilding jumps September 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said the recovery in housebuilding was the "most notable development" in August.
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 economy still Europe’s ‘bright spot’ after latest PMI surveys August 23, 2024 The latest 'flash' purchasing managers' index (PMIs), released yesterday by S&P, showed that the UK maintained its advantage over rivals on the continent in August.
Fall in housebuilding contributes to easing construction activity July 4, 2024 The construction sector remained in expansion in June, a closely watched survey shows, although the rate of growth eased due to a slowdown in housebuilding.
China’s Caixin PMI shows most rapid services sector growth in 10 months June 5, 2024 China's services sector experienced a notable surge in May, marking its most rapid growth in 10 months.
China’s factory activity unexpectedly shrinks in May, puts economic recovery at risk May 31, 2024 China's manufacturing activity unexpectedly contracted in May, adding pressure on policymakers in the world's second-largest economy.