- Monday, 04 September 2017
- News
UK Construction PMI declined to 51.1
August survey data indicated that the UK construction sector continued to experience a slowdown this summer. Reduced levels of commercial work were a key source of weakness, which offset robust growth in residential building. There were also signs of a sustained soft patch ahead, with new business volumes falling for the second month running. Survey respondents linked subdued demand to reduced business investment and heightened economic uncertainty.
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- Thursday, 24 August 2017
- News
UK GDP grew by 0.3% in Q2
UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.3% between Quarter 1 (Jan to Mar) and Quarter 2 (Apr to June) 2017, unrevised from the preliminary estimate. In the output measure of GDP, growth was driven by services, which grew by 0.5% between Quarter 1 and Quarter 2.
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- Wednesday, 23 August 2017
- News
The U.K. economy may be even in worse shape than it looks
That’s the message from UBS AG, which says it’s headed for near-stagnation. Economists led by Pierre Lafourcade at Switzerland’s largest bank said their new model strips out volatility in data to show growth has “softened substantially since the beginning of the year” and is headed “close to zero in the near future.” While Purchasing Managers Indexes plunged immediately following the result of the Brexit referendum in June 2016 but then recovered, the UBS economists say their hard-data indicator has turned down more recently.
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- Monday, 21 August 2017
- News
Rightmove report shows house prices down by 0.9%
Holiday season casts its usual shadow with price of property coming to market falling by 0.9% (-£2,758) this month. Climate of stretched affordability and clouded political outlook continue to chill the annual rate of increase to a national average of just +3.1%. Of the English counties exceeding the 3.1% average annual rise, over half are in the buoyant mid-regions of the country in contrast to only a quarter in the north and just a fifth in the south.
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