Growth in the UK’s closely-watched service sector slowed further in July – by the slowest rate in 13 months.
The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 53.1 in July, dipping from 54.4 in June.
Not only did this represent the lowest level since June last year, it [...]
The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index showed activity slowed considerably last month to a four-month low.
The index slumped to 54.1 in July from 58.4 in June – suggesting the sector may have peaked.
However, the index is still above the crucial 50 level, which indicates the sector is growing.
“The survey points to [...]
The Office for National Statistics (ONS) has today revealed UK economic growth for the second quarter today surged ahead by 1.1% – almost double the rate analysts had forecast.
Meanwhile, economic growth rose by 1.6% on an annualised basis – the highest in two years.
The UK is the first G7 country to release its quarter two [...]
The National Association of Home Builders (NAHB) today revealed a fall in confidence, sending shares lower.
Wall Street experienced falls after the US home builder sentiment index fell in July to the lowest level since April 2009 after the Government tax credit incentive expired a few months ago.
According to the index, confidence among US home builders [...]
A report by the Recruitment and Employment Confederation (REC) and KPMG has revealed staff appointments in the private sector grew in June, albeit at the slowest rate for five months.
The survey, which questions 400 recruitment firms, showed a strong rise in permanent staff placements, with engineering and construction growing.
Commenting on the data, Rec’s chief executive, [...]
The Spanish economy has finally emerged from recession after experiencing growth of just 0.1% in the first quarter of 2010, ending a run of seven consecutive quarters of contraction.
A report from the country’s central bank said: “The information available indicates a return to weak growth in the first quarter in an environment characterised by a [...]