Category Archives: UK economy

U.K. Retail Sales Stronger Than Expected

Posted on July 22, 2010 by Denis Ouellet

(…) The volume of retail sales was 0.7% higher than in May and rose 1.3% from June last year. In May, sales increased 0.8% on a month-to-month basis, revised from 0.4% but the annual gain was cut to 1.7% from … Continue reading →

  • Share/Bookmark
Posted in ***RECOVERY WATCH, ECONOMY, RETAILING, UK economy, UK retailing | Leave a comment

EUROPE PMI AND INDUSTRIAL ORDERS SHOW STRENGTH

Posted on July 22, 2010 by Denis Ouellet

(…) Markit’s  preliminary composite purchasing managers index for the euro zone rose to a three-month high of 56.7 in July from June’s 56, implying a strong start to third-quarter gross-domestic-product growth. The manufacturing PMI for the euro zone rose to … Continue reading →

  • Share/Bookmark
Posted in ***RECOVERY WATCH, ECONOMY, Europe Manufacturing, Europe economy, MANUFACTURING, UK economy | Leave a comment

U.K. Jobless Claims Slip for Fifth Month

Posted on July 14, 2010 by Denis Ouellet

(…) The Office for National Statistics said the widely watched claimant count measure of unemployment fell for a fifth straight month in June, by 20,800 to a 15-month low of 1.460 million, bringing the jobless rate to 4.5%. The rate … Continue reading →

  • Share/Bookmark
Posted in ***RECOVERY WATCH, ECONOMY, EMPLOYMENT, UK economy, UK employment | Leave a comment

U.K. Manufacturing Rises in May

Posted on July 8, 2010 by Denis Ouellet

(…) The Office for National Statistics said manufacturing output rose 4.3% on a year-to-year basis and 0.3% on a month-to-month basis in May. The annual gain was the largest since a 6.2% increase in December 1994. The data compare with … Continue reading →

  • Share/Bookmark
Posted in ***RECOVERY WATCH, UK economy | Leave a comment

U.K. Inflation Eases in May

Posted on June 15, 2010 by Denis Ouellet

Core inflation remains too high in the UK. (…) Data from the Office for National Statistics Tuesday showed that annual inflation fell to 3.4% last month from 3.7% in April. (…) The BOE targets inflation at 2%. Prices rose 0.2% … Continue reading →

  • Share/Bookmark
Posted in INFLATION/DEFLATION, UK Inflation/Deflation, UK economy | Leave a comment

OECD: Leading Economies’ Growth Slows

Posted on June 11, 2010 by Denis Ouellet

OECD composite leading indicators (CLIs) for April 2010 point to a slowing pace of expansion in most OECD countries. The CLI for the OECD area increased by 0.4 point in April 2010, slightly lower than the 0.5 point increase in … Continue reading →

  • Share/Bookmark
Posted in Asia economy, Canada economy, China LEI, China economy, ECONOMY, Europe economy, Japan economy, LEADING ECON. INDIC., UK economy, US economy | Leave a comment

UK Retail Sales Weaken

Posted on May 27, 2010 by Denis Ouellet

UK shoppers have been hit by the euro crisis, elections and poor equity markets. Sales volume at U.K. retailers slumped in May to the lowest level since March 2009, while retailers’ business confidence and investment intentions also dropped sharply, a … Continue reading →

  • Share/Bookmark
Posted in UK economy, UK retailing | Leave a comment

U.K. Mortgage Lending Slows to Nine-Year Low

Posted on May 26, 2010 by Denis Ouellet

Net mortgage lending by U.K. banks in April slowed to its lowest level for almost a decade in April, while remortgaging remained elevated, data from the British Bankers Association showed Wednesday.(…) Seasonally adjusted net mortgage lending grew just £1.8 billion … Continue reading →

  • Share/Bookmark
Posted in UK economy, UK housing | Leave a comment

U.K. Retail Sales Rise Further

Posted on May 20, 2010 by Denis Ouellet

UK real retail sales in April rose 0.2% from March and 1.8% from a year earlier. Sales were up 0.2% in the three months to April compared with the previous three months. Nonstore, or online and mail-order, sales grew 10% … Continue reading →

  • Share/Bookmark
Posted in UK economy, UK retailing | Leave a comment

U.K. Industrial Production Jumps

Posted on May 11, 2010 by Denis Ouellet

Rising IP is now a global phenomena. April PMIs were strong everywhere. (…) The Office for National Statistics said manufacturing output rose 2.3% on a month-to-month basis in March—the biggest increase since July 2002, and higher than a revised 1.4% … Continue reading →

  • Share/Bookmark
Posted in ***RECOVERY WATCH, COMMODITIES, ECONOMY, MANUFACTURING, UK economy | Leave a comment

WORLD GDP FORECASTS

Posted on May 1, 2010 by Denis Ouellet

Charts from The Economist on world GDP growth in 2010 and 2011. The forecasts are from the IMF which just revised its estimate for 2010 world economic growth from 3.9% to 4.2%. The world economy runs on 3 gears: the … Continue reading →

  • Share/Bookmark
Posted in ***RECOVERY WATCH, Asia economy, Canada economy, China economy, ECONOMY, Europe economy, Japan economy, UK economy, US economy | Tagged , , | Leave a comment

UK ECONOMY STAGNATES

Posted on April 23, 2010 by Denis Ouellet

UK’s Q1 GDP rose 0.2% from Q4 2009 but declined 0.3% Y0Y.That marked a slowdown from the 0.4% rate of growth recorded in the final three months of last year. Chart from Bloomberg via WSJ

  • Share/Bookmark
Posted in UK economy | Leave a comment