Manufacturing activity drops to nine-month low following Budget Economics Rob Dobson, director at S&P Global Market Intelligence, said manufacturing was struggling due to a combination of high costs, weak demand and concerns over the economic outlook.
Budget uncertainty sends economic activity down to lowest level in almost a year Economics Uncertainty surrounding the Budget knocked economic activity in October, according to a closely watched business survey, as firms delayed decisions in the face of possible tax changes.
Construction sector surges thanks to interest rate cuts and planning reform Economics "UK construction companies indicated a decisive improvement in output growth momentum during September," Tim Moore, economics director at S&P Global Market Intelligence said.
Services inflation falls to lowest level since February 2021, survey suggests October 3, 2024 The survey noted that "competitive pressures continued to limit pricing power," which helped to contain inflationary pressures.
Manufacturing remains in expansion but confidence plummets ahead of budget October 1, 2024 The fall in confidence was the largest since March 2020, just before the Covid lockdown.
UK economy: Growth continues but budget concerns ‘jangling nerves’ September 23, 2024 PMIs, which measure business activity in the private sector, are closely watched for clues about the economy’s performance.
Construction sector ‘turns a corner’ as housebuilding jumps September 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said the recovery in housebuilding was the "most notable development" in August.
Services firms benefit from post-election stability and rosy economic outlook September 4, 2024 The survey put activity in the services sector at its fastest pace since April, extending the current period of growth to ten months.
UK manufacturing activity reaches highest level in 26 months September 2, 2024 Activity in the UK’s manufacturing sector grew at its fastest pace for more than two years last month, a closely-watched survey has suggested, in another positive sign for the economy.
Contraction confirmed for German economy with no recovery in sight August 27, 2024 The growth slowdown was led by a sharp fall in investment, which fell by more than 2.0 per cent in the quarter.