- Wednesday, 05 October 2016
- News
UK Services PMI fell to 52.6
The Business Activity Index remained above the no-change mark of 50.0 in September, at 52.6, signalling growth of UK services output. Down slightly from 52.9 in August, the latest figure Markit / CIPS UK Services PMI indicated a further moderate rate of expansion at the end of the third quarter, following a contraction in July in the wake of the EU referendum. The rate of expansion in the latest period was weak in the context of historical data, however, with the Indeks below its long-run level of 55.1. The Indeks averaged 50.9 over Q3 as a whole, the lowest since Q4 2012.
Read more...- Tuesday, 04 October 2016
- News
UK Construction PMI rose to 52.3 in September
Adjusted for seasonal influences, the Markit/CIPS UK Construction Purchasing Managers’ Index registered 52.3 in September, up from 49.2 in August and above the 50.0 no-change value for the first time in four months. The latest reading was well above July’s seven-year low and indicated the fastest rise in construction output since March. The pace of expansion was nonetheless still softer than the long-run survey average (54.6).
Read more...- Monday, 03 October 2016
- News
UK Manufacturing PMI at the highest level since 2014
Conditions in the UK manufacturing sector continued to improve at the end of the third quarter. Rates of expansion in output and new orders accelerated further, rising at rates rarely achieved since the middle of 2014. The domestic market remained a prime driver of new business wins, while the weaker sterling exchange rate drove up new orders from abroad. At 55.4 in September, up from 53.4 in August, the seasonally adjusted Markit/CIPS Purchasing Managers’ Indeks rose to its highest level since June 2014. Read more...
- Tuesday, 13 September 2016
- News
UK CPI increased less than expected
The Consumer Prices Index (CPI) rose by 0.6% in the year to August 2016, unchanged from July. The rate is still relatively low in the historic context although it is above the rates experienced in 2015 and early 2016. The main upward contributors to change in the rate were rising food prices and air fares, and a smaller fall in the price of motor fuels than a year ago. These upward pressures were offset by falls in hotel accommodation prices, in addition to smaller rises in the prices of alcohol, and clothing and footwear than a year ago.
The price of goods bought and sold by UK manufacturers, as estimated by the Producer Price Index, rose in the year to August 2016. This is the second increase in a row following 2 years of falls. Factory gate prices (output prices) for goods produced by UK manufacturers rose 0.8% in the year to August 2016, compared with a rise of 0.3% in the year to July 2016. The index has been following an upward trend since August 2015. The increase of 0.8% in the year to August 2016 is a continuation of the trend over the past year.
Sterling is currently being traded around 1.3280 level. Pair is likely to find support around 1.3240 area and resistance above 1.3340 handle.
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