- Friday, 10 November 2017
- News
UK Industrial Production increased by 0.7%
In the three months to September 2017, the Index of Production was estimated to have increased by 1.1% compared with the three months to June 2017, due mainly to a rise of 1.1% in manufacturing. The largest contribution to the rise in manufacturing in the three months to September 2017 came from transport equipment, which rose by 3.0% followed by other manufacturing and repair, which rose by 4.4%.
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- Thursday, 09 November 2017
- News
The UK housing market is 'stuttering'
The UK housing market continued to "stutter" in October with demand from buyers and agreed sales declining further, while price falls are now widely-reported in London, according to RICS' monthly UK residential market survey. The survey of chartered surveyors found interest from buyers continued to decline over October, with 20% more respondents seeing a fall in new buyer enquiries over the month. Agreed sales were also reported to have fallen, with 20% more respondents noting a decline in transactions over the month at the national level.
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- Tuesday, 07 November 2017
- News
House prices rising at fastest rate since start of year, says Halifax
House prices in the UK are rising at their fastest rate since the start of the year, largely due to a shortage of homes on the market, according to mortgage lender Halifax. Its house price index shows property values up 4.5% between August and October compared with the same period in 2016, the fastest pace of growth since February. The average house price was up 0.3% between September and October, rising to a record £225,826. The annual rate hit a post-financial crisis peak of 10% in March 2016, a few months before the Brexit vote, before falling to 2.1% in July this year. Since then price growth has picked up again.
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- Tuesday, 31 October 2017
- News
UK Consumer Confidence down one point in October
GfK’s long-running Consumer Confidence Index slipped by one point to -10 in October. Both measures for the General Economic Situation decreased, while the measure for Personal Financial Situation over the last 12 months and the Major Purchase Index increased. The score for Personal Financial situation over the next 12 months stayed the same. Joe Staton, Head of Market Dynamics at GfK, says: “It’s no surprise that the Overall Index Score continues to bump along in negative territory this month. As concerns about the wider economic prospects for the UK economy dampen our outlook, consumers are showing no real ‘get-up-and-go’.''
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