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Friday, 11 December 2015
News

UK Construction Output rose less than expected

In October 2015, output in the construction industry increased by 0.2% compared with September 2015. Analysts were anticipating 1.1% increase. All new work increased by 1.2% while all repair and maintenance decreased by 1.5%.
Thursday, 10 December 2015
News

UK Trade Balance deficit widen to £11.8 billion

The UK’s deficit on trade in goods and services was estimated to have been £4.1 billion in October 2015, a widening of £3.1 billion from September 2015. The widening is attributed to trade in goods where the deficit has widened from £8.8 billion in September 2015, to £11.8 billion in October 2015. Smaller deficit of £9.8 billion was expected.
Tuesday, 08 December 2015
News

UK Industrial Production increased by 0.1%

Total production output is estimated to have increased by 1.7% in October 2015 compared with October 2014. There were increases in 3 of the 4 main sectors, with mining & quarrying output being the largest contributor, increasing by 8.5%. Manufacturing output decreased by 0.1% in October 2015 compared with October 2014. The largest contribution to the decrease came from the manufacture of machinery & equipment not elsewhere classified, which decreased by 15.3%.
Thursday, 03 December 2015
News

UK Services PMI at the highest level since July

UK service providers looked set to end 2015 on a positive note, according to the latest PMI survey data from Markit and CIPS. Growth of activity in the sector continued to pick-up from September’s 29-month low, and was the fastest since July. New business growth also strengthened to a four-month high. That said, other indicators were less buoyant, with employment growth slowing and backlogs rising only marginally. Moreover, the longer-term outlook for business activity was little changed from October’s two-and-a-half year low. Latest data also signalled that inflationary pressures remained relatively weak. 
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