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UK Construction PMI remains at the lowest level since June 2013

UK construction companies indicated a sustained upturn in overall business activity during March, but the pace of expansion remained relatively subdued in comparison to the trends seen for much of the past three years. This largely reflected a further moderation in new business growth, with the latest increase the weakest since April 2015. Meanwhile, job creation also softened across the construction sector in March and sub-contractor usage dropped for the second month running. Read more...

UK Retail Sales down by 0.4%

Year-on-year estimates of the quantity bought in the retail industry showed growth for the 34th consecutive month in February 2016, increasing by 3.8% compared with February 2015. The underlying pattern in the data, as suggested by the 3 month on 3 month movement in the quantity bought, showed growth for the 27th consecutive month, increasing by 0.8%. Read more...

UK CPI unchanged in February

The Consumer Prices Index (CPI) rose by 0.3% in the year to February 2016, unchanged from January 2016. Increase by 0.4% was forecasted. This maintains the position seen over the last few months of a rate which is a little above zero.The contributions to change in the CPI rate from the detailed categories were relatively small compared with most months.The largest downward contribution came from the transport sector, from price changes for items such as road passenger transport, second-hand cars and bicycles. Rising food prices, particularly for vegetables, offset this. Read more...

UK Trade Balance deficit at £10.3 billion in January

The UK’s deficit on trade in goods and services was estimated to have been £3.5 billion in January 2016, a narrowing of £0.2 billion from December 2015. The narrowing is attributed to trade in goods where the deficit has narrowed from £10.5 billion in December 2015, to £10.3 billion in January 2016. This was in line with market forecasts. Read more...

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