- Tuesday, 05 December 2017
- News
UK Services PMI fell to 53.8
November data pointed to a setback for the UK service sector, with business activity growth easing from the six-month peak seen in October. Volumes of new work also increased at a slower pace, while the rate of staff hiring was the joint-slowest since March. Service providers’ optimism regarding the year ahead outlook for business activity picked up slightly in November, but remained weaker than the trend seen through the first half of 2017.
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- Friday, 01 December 2017
- News
UK Manufacturing PMI climbs to highest level in over four years
November saw the UK manufacturing sector move up a gear, with rates of increase in new orders and production among the best registered over the past four years. This tested capacity and encouraged further job creation, with employment rising to the greatest extent since June 2014. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) rose to 58.2 in November, up from 56.6 in October (originally reported as 56.3), its highest level since August 2013.
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- Monday, 27 November 2017
- News
UK launches plan for industry as Brexit looms, wins Merck investment
The British government launched a new strategy for industry on Monday, aiming to intervene in key sectors to tackle weak productivity and bolster businesses to counter any new problems caused by Brexit. Prime Minister Theresa May first flagged the plan in January, seven months after Britain voted to leave the European Union, adopting a hands-on approach to business that had largely been abandoned by her predecessors from the time of Margaret Thatcher in the 1980s.
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- Thursday, 23 November 2017
- News
UK GDP up by 0.4% in Q3
UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 2 (Apr to June) and Quarter 3 (July to Sept) 2017, unrevised from the preliminary estimate of GDP. Services remained the strongest contributor to GDP growth in Quarter 3 2017, with the components of the output approach broadly unrevised from the preliminary estimate.
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