Tag Archives: PMIs

UK house prices rose slightly faster than expected in November ahead of finance minister Rachel Reeves’ budget, with stronger wage growth offering some relief to stretched buyers, according to data from mortgage lender Nationwide on Tuesday. On a seasonally adjusted basis, house prices increased 0.3% in November, following a 0.2% …

UK home sales fell 4% in the four weeks to November 23 as many potential buyers retreated from the market amid concerns over higher property taxes in the upcoming budget, real estate agency Zoopla said on Friday. Buyer demand was 12% lower than during the same period last year, reflecting …

UK retail sales fell 1.1% m/m in October after a +0.7% gain in September (revised from +0.5%), the ONS said Friday, badly missing the market call for 0.0%. Ex-fuel core sales dropped 1.0% m/m (consensus -0.2%) following a revised +0.7% in September. On an annual basis, headline sales growth slowed …

The UK economy barely expanded in the third quarter and slipped in September, sharpening the focus on Chancellor Rachel Reeves’ tax-tilted budget later this month and complicating the Bank of England’s year-end policy calculus. Headline prints Q3 GDP: +0.1% q/q (vs. +0.3% in Q2), signalling a loss of momentum into …

The UK labour market lost further momentum into autumn, with unemployment rising and wage pressures easing—an evolving mix that could give the Bank of England room to lower rates at its final meeting of the year. The jobless rate climbed to 5.0% in the three months to September (vs 4.8% …

Britain’s construction industry shrank at the fastest pace in more than five years in October, with civil engineering suffering its steepest drop since the pandemic as weak demand and uncertainty ahead of Chancellor Rachel Reeves’ upcoming Budget weighed on activity. The S&P Global UK Construction PMI fell to 44.1 from …

Britain’s economy grew 0.3% between April and June 2025, slower than the 0.7% expansion in Q1 but above the 0.1% forecast by the Bank of England and economists, despite the impact of U.S. trade tariffs and a weaker labor market. GDP Performance: April: -0.1% (smaller decline than initially reported) May: …

Composite PMI Falls Below Expectations Amid Trade, Tax, and Wage Pressures The UK economy is facing early signs of stagnation as July’s flash Purchasing Managers’ Index (PMI) data revealed a decline in business activity at the start of the third quarter of 2025. The composite PMI dropped to 51.0 in …

The US stock market experienced a decline in the holiday-shortened week, with the S&P 500 and Nasdaq Composite declining by 1.1% and 1.5% respectively largely due to the performance of the communication services and information technology sectors. However, US Treasury yields have continued to rise, surpassing the 4.6% mark, largely …

The US economy is painting a picture of divergence as we approach the end of 2024. While the services sector is thriving, the manufacturing industry continues to face headwinds.The recent S&P Global survey highlights the stark contrast between these two sectors. The US Services PMI surged to a 38-month high …