The Magazine for Asian Investors
The Purchasing Managers’ Index (PMI) for the UK’s manufacturing and primary services sectors fell to 51.8 in May, a 15-month low (April: 58.2). The PMI was below analysts’ forecast of 57.0, due to inflation and the war between Russia and…
England reported that retail sales rose 1.4% month-on-month in April after falling 1.2% in March, but domestic retail sales remained weak overall. According to the report, retail sales fell 0.3% in the three months through April, following a 0.7% decline…
The U.K. Office for National Statistics (ONS) reported that the consumer price index (CPI) rose 9% year on year in April. This was the highest level in 40 years as rising food and energy prices exacerbated the cost of living…
The Office for National Statistics (ONS) reported that the unemployment rate in the UK fell to its lowest level in almost 50 years, while employment continued to rise in April. This is a sign that the labor market remains tight…
SASDP Global/CIPS reported that the purchasing managers’ index (PMI) for the services sector fell to its lowest level in four months in April as companies raised base prices at the fastest pace since the late 1990s. The services PMI fell…
At its meeting today, the Bank of England (BoE) raised its key interest rate by 0.25% to 1.00%. This is the highest level in 13 years in order to curb the rise in inflation. The BoE raised interest rates today…
According to S & P Global / CIPS, the UK manufacturing Purchasing Managers’ Index (PMI) rose slightly in April after falling to its weakest level in a year in March. Manufacturers are concerned about the production trend, as costs have…
S&P Global announced that the Purchasing Managers’ Index (PMI) for manufacturing and services in the United Kingdom reached 57.6 in April, the lowest level in three months, down from 60.9 in March. The PMI is still above 50, indicating that…
The Office of National Statistics (ONS) in the United Kingdom reported that the unemployment rate in the United Kingdom fell to 3.8% in the period from December to February. This was lower than in the period prior to the Covid…
UK GDP increased by only 0.1% month-on-month in February, the Office for National Statistics (ONS) published today. The slight increase was well below analysts’ expectations of 0.3% growth after 0.8% growth in January. On a year-over-year basis, this translates into…
