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Tag: UK

Uk Construction Pmi Slip Into Contraction at 48.2

Jul 03 2012 09:31:09 Stanimir Zhelev in Market

UK Construction PMI was down at fastest pace in 2 - 1/2 year to 48.2 in June from 54.4 seen in May Economist expected a much moderate drop to 53.0 with most pessimistic one going for 52. Read more

Uk Consumer Credit Picks up Against Weak Backdrop in may -Boe Data

Jul 03 2012 09:31:09 Stanimir Zhelev in Market

Consumer credit rose by 732 million pounds in May, stronger than the 200 million estimated increases and bouncing back from growth of just 379 million pounds in April. The mortgage approvals for house purchase fell to 51,098 from 51,627, a smaller decline than the forecast. Read more

Research: Uk Services Pmi to Indicate Still-Weak Underlying Economy

Jul 03 2012 08:31:07 Stanimir Zhelev in Market

Quotes from Standard Chartered: -After May credit data is released on 3 July, the focus will shift to the services PMI index on 4 July (08:30 GMT), a good proxy for GDP growth given the significant size of the services sector. We expect a deterioration to 52.0 (consensus: 52.9), from 53. Read more

UK Business Confidence Still Below Pre-Recession Levels: BCC

Jul 03 2012 04:31:07 Stanimir Zhelev in Market

Confidence among British business firms remained still lower than levels seen before the recession in 2007 constrained by weak domestic demand, the British Chambers of Commerce (BCC) said Tuesday in its latest Quarterly Economic Survey. Read more

Uk Might Hold Bank Bosses Responsible for Rogue Staff - Osborne

Jul 02 2012 17:31:02 Stanimir Zhelev in Market

Osborne said govt would consider whether bank executives could be held to account by law for the actions of rogue employees. Read more

Research: Monetary Transmission Mechanism in the Uk Is Spluttering

Jul 02 2012 11:31:09 Stanimir Zhelev in Market

Quotes from RBS: -There continues to be signs that the monetary transmission mechanism in the UK is spluttering. House prices were shown to have fallen more than expected in June, leaving the yoy rate at -1.5% from -0.7% in May versus an expected -0.6%. Read more

UK Manufacturing PMI Improves More Than Expected

Jul 02 2012 09:31:10 Stanimir Zhelev in Market

An indicator measuring the performance of the British manufacturing sector rose more than expected in June, but the index still pointed to a decline in activity rates. A survey by Markit Economics showed that the purchasing managers' index for the manufacturing sector rose to 48. Read more

Uk Factory Decline Slows in June on Boe's Qe Hope - Pmi

Jul 02 2012 09:31:10 Stanimir Zhelev in Market

The Markit PMI rose to 48.6 in June from May's three-year low of 45.9, beating expectations for a more modest climb to 46.5 The new orders index holding sub-50 for the third month running at 47.0, though up sharply from May's three-year low of 42. Read more

UK House Price Growth Stalls Amid Weak Demand, Hometrack Says

Jul 02 2012 05:01:02 Stanimir Zhelev in Market

House prices in the UK stagnated in June as global economic gloom curtailed demand, the latest survey by Hometrack showed Monday. While prices remained unchanged compared to the previous month, the number of first time home buyers fell 0.5 percent, marking the first drop in five months. Read more

UK Index Of Services Rises In April

Jun 29 2012 09:31:03 Stanimir Zhelev in Market

An indicator of service sector output in the United Kingdom increased in April compared to a year earlier, data from the Office for National Statistics showed Friday. The seasonally adjusted Index of Services increased 2 percent in April compared with the same month in 2011. Read more

Uk Services Output Stagnates in April, Increases Longer Recessionary Risk

Jun 29 2012 09:31:03 Stanimir Zhelev in Market

UK Output of the services sector ranging from banks and hotels to airlines was flat on the month after output grew by 0.6 pct in March The service sector grew by 0.2 pct in the Q1 and a 0.5 pct drop in industrial output. The economy contracted by 0.3 pct, putting Britain into recession. Read more

UK Consumer Confidence Stable In June: GfK/NOP

Jun 29 2012 03:01:06 Stanimir Zhelev in Market

British consumer confidence remained unchanged in June, the latest survey by GfK/NOP revealed Friday. The consumer confidence index was unchanged at -29 in June, in line with expectations. Read more

Uk Economy slips 0.3 Pct in Q1, Confirming Second Recession in Four Years - Official Data

Jun 28 2012 09:31:03 Stanimir Zhelev in Market

UK's economy shrank by 0.3 pct in the Q1, leaving the nation into second recession in four years, official data The economy contracted for a second successive quarter between January and March with a downward revision of 0.2 pct y/y The real household disposable income fell by 0. Read more

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