Manufacturing in the UK Eases to a 2-Month Low. Employment on a Record High
(IHS Markit) UK Composite Output Index eased to an expansion of 61.7 in June, down from a record 62.9 in May. Service Business Activity index also eased to a 2-month…
UK Retail Sales Slip 1.4% Following Easing of Restrictions
(Office for National Statistics) Retail sales in the UK declined by 1.4% between April and May as easing of coronavirus restrictions encouraged more people to dine out. Average retail sales…
UK Inflation Overshoots Expectations and BOE Target to Jump 2.1% in May
(Office for National Statistics) UK Inflation exceeded expectations and Bank of England target of 2% to jump 2.1% in 12 months to May. The surge reflected the opening of the…
UK Economy Grows 2.3% in April as Economic Opening Fuels Gains in Service Sector
(Office for National Statistics) UK’s growth expanded the fastest in April 2021 since July last year, after posting a 2.3% jump in gross domestic product. Growth of UK’s GDP was…
Here is Why Investors are Now Most Overweight on UK Stocks in 7 Years
(Reuters) Global investors, who have largely ignored UK equities since Brexit, are now most “overweight” on the stocks in seven years. With UK vaccinations allowing economic reopening, investors are betting…
UK Inflation Jumps 1.5% in April on Price Pressures After Economy Reopens
The Consumer Price Index in the UK surged 1.5% year over year in April, according to the Office for National Statistics press release. The rate was more than double from…
UK House Prices Gain 1.4% in April to Hit a Successive Monthly Record
House prices in the UK jumped 1.4% to hit £258,204 in April from March, according to the Halifax price index report. Prices were 0.9% higher in the February to April…
BOE Boosts 2021 Growth to 7.25%. Slows Bond Purchases
The Bank of England raised the economic growth from February’s projection of 5.0% to 7.25% this year, according to press release. The upgraded growth is the fastest since 1941 and…
UK Business Activity in April Expands to a Seven-and-a-Half Year High
The UK recorded the fastest growth in service sector production since October 2013 as the activity index hit 61.0 in April, according to the IHS Markit press release. The Business…
Goldman Tips U.K for Faster Growth than US. Upgrades Growth Forecast of 7.8%
Goldman Sachs has upgraded U.K’s growth to 7.8% in 2021, up from 6.8% it set in February, according to CNBC. With the upgraded forecast, Goldman expects faster recovery in the…
UK Retail Sales Surge 5.4% in March on Easing of COVID-19 Restrictions
The UK recorded a 5.4% jump in retail sales volumes last month, according to the Office for National Statistics press release. The sales jump was helped by easing of coronavirus…
U.K Regulators Set Age Limit of 30 Years for AstraZeneca Vaccine Use
The U.K’s vaccines advisory body has ruled that AstraZeneca’s Covid-19 vaccine should preferably not be given to people under 30 years, according to the Wall Street Journal. The advisory follows…