Hopes of lower interest rates fuel construction sector optimism amid housebuilding resurgence March 6, 2024 The overall construction PMI rose to 49.7, up from 48.8 in January, its highest level since August 2023 and only marginally below the neutral 50-mark.
UK economy ‘turned a corner’ despite slight weakening in services sector March 5, 2024 New business orders drove the increase, with the survey showing the sharpest rate of new business growth since May 2023.
Recession ‘already over’ as economic activity picks up again but inflationary pressures grow February 22, 2024 Figures out last week confirmed that the UK slipped into a shallow recession in the second half of last year.
Hopes of lower interest rates fuels optimism in the construction sector February 6, 2024 The sector has been hit hard by rising interest rates, which have sent a chill through the housing market and depressed new construction projects.
UK services activity rises at fastest pace in eight months February 5, 2024 The UK's services sector saw a "solid increase" in business activity last month, as well as an uptick in job creation, according to a closely watched survey.
UK economy off to ‘promising start’ in 2024 but firms reveal impact of Red Sea crisis January 24, 2024 The survey measures business activity in the private sector. Anything above 50 indicates business activity is expanding.
London sees output boom as demand picks up in December January 15, 2024 Firms in the capital saw new business orders accelerate in December taking the new business index to its highest level since May.
Construction sector continues decline in December, but pace slows January 5, 2024 Construction companies reported a recent slump in housebuilding continued last month, but the firms started hiring a little more, hopeful that 2024 might bring better conditions.
UK bid to dodge winter recession boosted as service sector recovery continues January 4, 2024 The latest reading was also a significant improvement on November's reading of 50.9. The 50 mark separates growth from contraction.
UK manufacturing downturn deepens as optimism drops to lowest level in a year January 2, 2024 The UK's manufacturing sector fell deeper into contraction in December, while business optimism fell to its lowest level in a year.