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👤Nurudeen Amedu
🕔October 24, 2016
France’s long-struggling manufacturing sector unexpectedly returned to growth in September despite the fact that their private sector activity expanded at an overall slow pace due to weaker than forecast service sector business, a survey showed on Monday. Data compiler Markit said that its flash monthly purchasing managers index for activity in the manufacturing sector rose to a 10-month high of 51.3 this month from a final September figure of 49.7.…
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UK CBI Records Slump in Retail Sales
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👤Lisa Harris
🕔September 27, 2016
The latest data release from the CBI Distributive Trade Survey showed the retail sales balance slipping by 8 for the month of September as 30% reported a rise in sales and another 38% showed a decline. This was noticeably worse than the reading of 9 seen in the month of August and also below the forecast of a slight drop to 6, overall confidence in the economic outlook has however sought to provide succor in the short-term.…
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👤Arthur Greene
🕔August 19, 2016
This morning, the German PPI index was reported slightly above expectations at 0.2% m/m. But on an annual basis, the PPI is still in the red with a -2.0% performance recorded over the last year. The German indicator maintains a steady increase with an overall positive short-term trend, the market now anticipates additional pressure on consumer prices.…
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👤Arthur Greene
🕔August 18, 2016
UK sales data for last month shows that shoppers overcame the confusion stemming from the outcome of the UK’s Brexit vote to leave the EU, the just released UK retail sales data largely outpaced analysts’ expectations by more than 1.5% month on month in July, as it bounced off a 0.9% fall made in the previous month.…
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👤Arthur Greene
🕔August 16, 2016
- Inflation data signals hope for the UK economy
- BoE still likely to perform further easing
On Tuesday, the Pound sterling gained as it climbed from 3 year lows against the euro and rose further away from a 5 week channel it formed against the dollar, the GBP mostly gained its strength from the higher than expected inflation data.…
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