UK services sector continues recovery amid mounting inflation fears July 5, 2021 The UK services sector continues to rebound from the pandemic, but fears about inflation are gathering pace, show new figures published today. The latest IHS Markit/CIPS UK Services PMI reached 62.4 in June, down slightly from 62.9 in May, but still the second-highest reading since October 2013. A reading above 50 indicates an expansion in [...]
PMI: Eurozone business activity grows at fastest pace for 15 years July 5, 2021 Business activity in the Eurozone expanded at its fastest rate for 15 years in June, driven by strong performances by the manufacturing and service sectors. The latest IHS Markit Composite Output Index for the Eurozone rose to 59.5 in June, up from 57.1 in May. The reading was the highest since June 2006 and marked [...]
UK PMIs: Business continues to expand at rapid pace in June June 23, 2021 UK business activity continued its rapid growth in June as the post-Covid reopening boom continued apace, new figures today suggested. A flash reading of the IHS Markit Composite PMI, which combines services and manufacturing, came in at 61.7, down from 62.9 in May. Any score above 50 indicates growth. Despite the continued expansion, today’s readings [...]
UK PMIs: Construction activity grows at fastest rate in nearly seven years June 4, 2021 Construction output grew at the fastest rate in nearly seven years in May as a record increase in new orders spurred on the industry. IHS Markit’s Construction Purchasing Managers’ Index jumped to 64.2 from 61.6 in April, its highest level since September 2014. The reading surpassed economists’ forecasts of 62.3, with anything over 50 signifying [...]
Services sector expanded at fastest rate in 24 years in May June 3, 2021 The UK’s service industry saw business activity grow at its fastest rate in 24 years last month as the reopening of the country’s economy after the pandemic continued apace. The UK Composite Purchasing Managers’ Index (PMI) for services rose to 62.9 in May, up from 61 in April. Any score above 50 indicates growth. It [...]
UK business activity grew at fastest pace since 1998 in May May 21, 2021 Business activity in the UK expanded at its fastest rate since 1998 in May as the economy raced out of lockdown, new data today showed. A flash reading of the IHS Markit Composite PMI, which combines services and manufacturing, came in at 62.0, up from 60.7 in April. Any score above 50 indicates growth. IHS [...]
As economies reopen, inflation fears return with a vengeance May 12, 2021 London’s FTSE 100 is on course for its worst day in three weeks this afternoon amid inflation concerns. Inflation has never really been away. It’s been a central theme that has dominated conversations among economists, analysts and bankers over the past few months, and more specifically, the possibility that it is about to take off. [...]
Markets today: China sells, Britain builds and the US employ May 7, 2021 European markets saw another day of gains yesterday, though for most of the day it was a bit of a struggle, with the turnaround only happening in the last hour of trading, as US markets shrugged off their early day malaise to turn higher, with the Dow once again posting another record high. The likes [...]
UK PMIs: Service sector grew at fastest rate since 2013 in April May 6, 2021 The UK service sector grew at the fastest rate since 2013 in April as the economic recovery from the Covid-19 pandemic continues apace. The UK Composite Purchasing Managers’ Index (PMI) for services rose to 61 in April, up from 56.3 in March. Any score above 50 indicates growth. It beat flash estimates of a reading [...]
UK PMIs: Reopening boom brings surge of activity for British businesses April 23, 2021 A flurry of new orders swept through British businesses in April as the country eased Covid restrictions, according to a survey released today which pointed towards a rapid economic rebound. The preliminary ‘‘flash’’ reading of the UK Composite Purchasing Managers’ Index (PMI) rose to 60.0 in April from 56.4 in March. This signalled its highest [...]