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👤Nurudeen Amedu
🕔October 5, 2016
The UK Markit/CIPS PMI services-sector index fell lower to 52.6 for the month of September after it recorded a value of 52.9 in the previous month. This comes in the wake of the huge increase it staged in the August release and was slightly above the consensus forecast of 52.2.…
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👤Arthur Greene
🕔October 4, 2016
The UK’s construction sector is back in the green in data released for the month of September, as I re-enters growth territory. There was a rise from 49.2 recorded in August to 52.3 in September. This is the first positive reading since the month of May.…
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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
🕔September 26, 2016
In the latest data coming from the British Bankers Association (BBA), the number of mortgage approvals dropped from July’s 37,700 to the value of 37,000 for the month of August. The release was marginally lower than the consensus forecast of a slump to 37,300 with an annual decline of almost 20% and the lowest release since the start of 2015, holding an overall anticipation for a slowing in the housing market.…
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👤Arthur Greene
🕔September 21, 2016
The Office for National Statistics (ONS) today revealed that the UK Public sector net borrowing requirement for the month of which does not include public sector banks dropped to £10.5 billion from £11.4 billion recorded in August 2015, it was also slightly more than the forecasted deficit for the month.…
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👤Nurudeen Amedu
🕔September 13, 2016
An increase of 0.1% was reported for UK producer output prices for the month of August as the annual increase climbed to 0.8% from 0.3% it previously stood at with price declines last year factored out of the calculation. This is now the highest annual increase since the end of 2013, despite the fact that it was below market anticipation of a 0.3% monthly growth.…
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👤Nurudeen Amedu
🕔September 7, 2016
- Fresh worries from UK GDP estimates
- Recession in the UK still possible
- EU struggles with mixed sentiment
Fresh GDP estimates release from the UK’s National Institute for Economic and Social Research signals a 0.3% expansion in the 3 months ending in August this year, after the 0.4% upwardly revised expansion estimated for the 3 months to July which initially posted a 0.3% expansion before it was revised.…
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UK Consumer Confidence Strengthens
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👤Lisa Harris
🕔August 31, 2016
The UK’s consumer confidence release edged higher for the month of August, but still maintains a weak footing as it currently wrestles with the aftermath of the Brexit. A market research firm on Tuesday reported that the UK consumer confidence grew by 5 points to settle at -7 in August after a slump to -12 in July.…
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👤Nurudeen Amedu
🕔August 20, 2016
- Public finances surplus reported at £1 billion
- Public borrowing also lower
The British government had a smaller than anticipated budget surplus for July, the first full month since the UK referendum. Public sector borrowing was £1 billion in surplus for the month of July, about 17% less than the figure reported a year earlier which was £1.2 billion.…
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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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