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Wednesday, 01 June 2016
News

UK manufacturing sector rebounded in May

The UK manufacturing sector maintained its generally lacklustre start to 2016. At 50.1 in May, up from 49.4 in April, the seasonally adjusted Markit/CIPS Purchasing Managers’ Index edged only negligibly back above the neutral mark of 50.0. Production volumes were broadly unchanged during the latest survey month, as the growth rate of new order inflows remained subdued (albeit slightly quicker than in April). Where an increase in new business was registered, this generally reflected a further increase in new work from domestic clients.  Read more...
Tuesday, 17 May 2016
News

UK CPI rose less than expected

The Consumer Prices Index (CPI) rose by 0.3% in the year to April 2016, down from 0.5% in the year to March. Analysts were predicting 0.5% increase. From late 2015, the rate began to increase gradually from close to zero. The drop in April 2016 is the first fall since September 2015. Falls in air fares and prices for clothing, vehicles and social housing rent were the main contributors to the decrease in the rate. These downward pressures were partially offset by rising prices for motor fuels and for certain recreational goods and cultural services, and by food prices, which were unchanged between March and April 2016, having fallen between the same two months a year ago.  Read more...
Tuesday, 10 May 2016
News

UK Goods Trade Balance surplus narrowed to £11.2 billion

The UK’s deficit on trade in goods and services was estimated to have been £3.8 billion in March 2016, a narrowing of £0.5 billion from February 2016. The narrowing is attributed to both trade in goods and trade in services. The trade in goods deficit has narrowed from £11.4 billion in February 2016, to £11.2 billion in March 2016, in line with market forecasts.The trade in services surplus increased from £7.1 billion in February 2016, to £7.4 billion in March 2016. Read more...
Monday, 09 May 2016
News

UK house price 1.5% higher in the three months to April

House prices in the three months to April were 1.5% higher than in the previous quarter, this rate has halved from 2.9% in March. The annual rate of growth eased from 10.1% to 9.2% in April. Both the quarterly and annual rates are at their lowest since last autumn. Current market conditions remain very tight as the severe imbalance between supply and demand persists.  Read more...

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