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Tag: UK

UK Construction Activity Slows In May

Jun 06 2012 09:31:22 in Market

Construction activity in the United Kingdom rose at the slowest pace in three months in May, survey results from Markit Economics revealed Wednesday. The seasonally adjusted Markit/CIPS purchasing managers' index fell to 54.4 in May from 55.8 in April. Read more

Pound Strengthens Ahead Of UK Construction PMI Report

Jun 06 2012 09:01:04 in Market

The U.K. CIPS/Markit construction PMI for May is due out at 4:30 am ET. The index is forecast to fall to 54.5 in May from 55.8 in April. The pound edged higher against its major opponents ahead of the report. As of 4:25 am ET, the sterling was trading at 1.4860 against the Swiss franc, 1. Read more

UK Shop Price Inflation Rises Marginally

Jun 06 2012 05:01:03 in Market

UK shop price inflation accelerated slightly in May, a report from the British Retail Consortium (BRC) showed Tuesday. The BRC-Nielsen shop price index rose 1.5 percent year-on-year in May, faster than 1.3 percent rise in April. Food inflation stayed at 4.3 percent. Non-food prices fell 0. Read more

Research: Uk Growth Outlook Will Receive Absolutely No Help from the Manufacturing Sector in the Months Ahead

Jun 01 2012 10:31:07 in Market

Quotes from Societe Generale Cross Asset Research: -The manufacturing PMI slumped in May from 50.2 to 45.9, the lowest reading since May 2009. This was driven by a collapse in orders of 7 points and bodes exceedingly ill for output in the coming months. Read more

Uk Mfg. Shrank at Its Fastest Pace in 3 Years in may to 45.9

Jun 01 2012 09:31:14 in Market

UK headline PMI activity plunged to 45.9 in May from a downwardly revised 50.2 in April, its lowest reading since May 2009 Markit said the sharp decline in activity reflected the first contraction in manufacturing output in six months and the steepest decline in new orders since March 2009. Read more

Some Uk Firms Complaining About Inability to Pass on Rising Costs says Boe's Bean

May 31 2012 07:31:03 in Market

BoE's Bean said in an newspaper interview that some UK firms are complaining about not being able to pass on rising costs to consumer He was talking with a newspaper in Norfolk Quotes "A number of them were talking about the extent to which their margins were being squeezed and th... Read more

Uk Nationwide House Prices up 0.3 Pct Mm in May, Slightly Higher Than Expected

May 31 2012 07:01:03 in Market

UK home prices were up 0.3 pct mm while decling 0.7 pct on yy basis Economists expected prices to go up by 0.2 pct mm while declining 1 pct in yy terms Quotes  "Over the last eighteen months, house prices have been fairly stable, despite the challenging economic backdrop. Read more

Boe's Dale: Providing more Qe may Not be Answer to Spur Weak Uk Economy

May 30 2012 16:31:13 in Market

News    BoE providing QE may not be the answer for struggling UK economy, as the problem could be due to a lack of supply capacity rather than a lack of demand - Dale Dale said the BoE's 325 billion pounds of QE had been effective in resisting headwinds from euro zone turmoil  ... Read more

Uk Mortgage Approvals at 51,823 in April, Highest Since Jan

May 30 2012 09:31:07 in Market

UK's mortgage approvals numbered 51,823 in April, up from 51,067 in March according to data published by BoE Mortgage lending grew by 1.139 billion pounds, versus forecasts for a 0.95 billion pound increase. Net lending to Britons rose by 1.407 billion pounds in April, down from an increase of 1. Read more

Uk Inflation Expectations Declines in may -Citi/yougov

May 25 2012 11:31:05 in Market

UK inflation expectations for the coming year fell to 2.8 pct in May from to 3.0 pct in April Inflation expectations for the next five to 10 years also fell, dropping to 3.4 pct in May from 3.7 pct in April. British CPI fell to 3.0 pct in April from 3. Read more

Boe's Miles: tighter Policy may Cause Lasting Damage to Uk Economy

May 24 2012 12:31:13 in Market

BoE policymaker Miles said that bringing down inflation swiftly could cause lasting damage to UK's economy He said that monetary stimulus could be justified even if Britain's economy had less slack than previously thought. Read more

Uk Economy slips Unexpectedly in the Q1 of 2012, slips by 0.3 Pct

May 24 2012 09:31:03 in Market

UK economy shrank by 0.3 pct in the Q1 ,a downward revision from an initial estimate of a 0.2 pct decline The economy contracted by 0.1 pct y/y, the first annual fall since Q4 2009. The Household spending rose by only 0.1 pct, its smallest rise in six months The trade deficit increased to 4. Read more

Uk Retail Sales down 2.3 Pct M/m and 1.1 Pct Y/y in April, Slide at Fastest Pace in 2 Years

May 23 2012 09:31:04 in Market

UK retail sales volumes fell 2.3 pct m/m, its biggest drop since Jan 2010 and more than twice as fast as forecast and down 1. Read more

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