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👤Xinyang
🕔July 22, 2016
Markit Flash UK Services PMI Activity Index fell sharply to 47.4 in July 2016 from 52.3 in June, below market expectations of 48.9, mainly due to the Brexit. It was the first contraction since December 2012 and the steepest fall since March 2009, as output and new orders dropped at the quickest rates in over seven years and employment in the sector fell slightly for the first time since December 2012.…
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👤Lisa Harris
🕔July 21, 2016
- Retail sales slump blamed on weather as clothing and footwear sales are the most affected
The fastest sales rate slump, which many believe to be the result of Britain’s fierce weather conditions was witnessed today when the retail sales data was released, while others assumed that this was more likely the aftermath of the Brexit.…
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UK Retail Sales shrank the most in six months
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👤Xinyang
🕔July 21, 2016
Retail sales in the UK dropped 0.9 percent in June from May, following a 0.9 percent rise in the previous month. It is the biggest fall so far this year and worse than market expectations of a 0.6 percent drop. Sales of textiles, clothing and footwear recorded the biggest fall (-1.8 percent), followed by sales at non-specialized stores (-1.6 percent), food (-1.2 percent), non-food (-0.8 percent) and auto fuel (-0.4 percent).…
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Positive UK Unemployment data
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👤Xinyang
🕔July 20, 2016
The unemployment rate in the UK fell to 4.9 percent in the three months to May 2016 from 5 percent previously, which is the lowest since October 2005 and better than market expectations of 5 percent. The number of people unemployed fell further to the lowest since 2008.…
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