UK factories ‘booming again’, PMI data suggests

UK factories ‘booming again’, PMI data suggests Manufacturing sector emerges strongly from the recession with the CIPS/Markit survey showing a return of confidence.
Continue reading…

Enjoyed this post? Share it!

 
 

Construction industry woes lead to job losses

New work figures drop for fifth consecutive month forcing firms to lay off workers despite overall rise in activityBritain’s construction industry had another difficult month in October, as new work dropped for the fifth month running, forcing firms to lay off workers at the fastest rate since August 2011.Overall, construction activity improved slightly last month. […]
Continue reading…

Enjoyed this post? Share it!

 
 

China’s manufacturing sector shrinks for 11th consecutive month

World’s second largest economy on track for seventh quarter of slowing growth, according to PMI survey of factory managersManufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world’s second largest economy remains on track for a seventh quarter of […]
Continue reading…

Enjoyed this post? Share it!

 
 

Manufacturing shows signs of life but economy still fragile

The otherwise welcome jump in the UK’s manufacturing survey for August masks a range of worrying figuresThe worrying figure from the otherwise welcome jump in the UK’s manufacturing survey for August is a strong rise in input prices. It won’t be a surprise to anyone who has filled their car with petrol in recent days […]
Continue reading…

Enjoyed this post? Share it!

 
 

UK manufacturing shows signs of summer recovery

Decline in UK manufacturing slows in August, raising hopes that Britain could emerge from recession this yearThe decline in UK manufacturing slowed in August, raising hopes that Britain could emerge from recession this year.The data will reinforce expectations that the Bank of England will not announce any increase to the £375bn quantitative easing programme, and […]
Continue reading…

Enjoyed this post? Share it!

 
 

UK service industry activity falls to lowest level in 19 months

Weak results from service sector attributed to pre-Olympic disruption, bad weather and eurozone crisisActivity in Britain’s service sector slipped to its lowest level since the end of 2010 last month as bad weather, disruption in the run-up to the Olympics and the crisis in the eurozone hit demand.The monthly snapshot of business conditions from CIPS/Markit […]
Continue reading…

Enjoyed this post? Share it!

 
 

Eurozone crisis live: Spanish borrowing costs surge at auction

• Spain sells €2.2bn of bonds but at high cost• European stock markets drop• Oil tumbles on weak China data, disappointment over Fed• Eurozone finance ministers begin two-day meeting• Today’s agendaLive blogging now: @JuliaKollewe9.51am: Spain has sold €2.2bn of bonds, more than it had targeted – but at a high cost. The average yield on […]
Continue reading…

Enjoyed this post? Share it!