Source: Markit Economics Manufacturing in the United Kingdom posted a slight improvement in April, marking an improvement in consumer, intermediate, and investment goods industries. EWU is up 1.62%, while EZU is up 0.80%. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index stood at 55.8, slightly higher than 55.2 in March and higher than the earlier … [Read more...] about UK Manufacturing Grows Slightly in April
UK
UK House Prices Sustain Double-Digit Growth in April
Source: Nationwide Building Society House prices in the United Kingdom continued to post double-digit annual growth in April, albeit at a slower pace than seen in the previous month. IUKP is up 0.74%, while XHB is up 0.36%. The annual house price growth stood at 12.1% in April, slower than the 14.3% increase recorded in the previous month. The latest reading is the … [Read more...] about UK House Prices Sustain Double-Digit Growth in April
UK Public Sector Borrowing Declines in March, But Stays Within Historic Highs
Source: Office for National Statistics Public sector net borrowing declined year-on-year in March but remained among historic highs. EWU is down 0.55%, while EZU is flat premarket. Public sector net borrowing excluding public sector banks (PSNB) was at £18.1 billion in March, £8.8 billion lower than in March last year.The latest reading is the second-highest March … [Read more...] about UK Public Sector Borrowing Declines in March, But Stays Within Historic Highs
British Retail Sales Fall by 1.4% in March on Rising Cost of Living
Source: Office for National Statistics UK retail sales volumes fell 1.4% in March, with the biggest driver emerging from non-store retailing, which plunged 7.9%. FTSE 100 down -0.64%, GBP USD down -1.06% Online sales dropped significantly last month, with shoppers cutting unnecessary purchases as the cost-of-living crisis started to bite.Online sales bore the burden, … [Read more...] about British Retail Sales Fall by 1.4% in March on Rising Cost of Living
UK Inflation Soars to Historic High in March
Source: Office for National Statistics Inflation in the United Kingdom climbed to its highest level in three decades in March, driven mainly by higher prices of motor fuels. EWU is up 0.48%, while EZU is up 0.05% premarket. The consumer prices index clocked in at 7.0% in March, up from 6.2% in February and 0.7% in March 2021. This is the highest since March 1992’s … [Read more...] about UK Inflation Soars to Historic High in March
