The Magazine for Asian Investors
According to the British Retail Confederation (BRC), prices in U.K. stores and supermarkets soared again in the 12 months to September, reaching an all-time high. According to BRC, prices in stores and supermarkets rose by 5.7%, following a 5.1% increase…
A survey by market research institute GfK showed that the UK consumer confidence index fell by five points to -49 in September, the lowest level since data collection began in 1974. The confidence index was weighed down by inflation and…
S&P Global/CIPS reported that the UK economy slumped further in September as it struggles with rising costs and faltering demand. The Purchasing Managers’ Index (PMI) fell from 49.6 in August to 48.4 in September, the lowest level since January last…
The Office for National Statistics (ONS) announced that UK retail sales fell 1.6% in August from the previous month. This is worse than expected and the sharpest decline since December 2021. Economists expect UK retail sales to fall 0.5% month-on-month…
According to the Office for National Statistics (ONS), house prices in the United Kingdom rose by 15.5% year on year in July. This was the sharpest increase since May 2003 and reflects how house prices were affected by the removal…
The consumer price index (CPI) in the United Kingdom weakened slightly in August, but is still at a high level. The CPI slowed slightly to 9.9% in August from 10.1% in July. The CPI rose 0.5% from July to August,…
The Office for National Statistics (ONS) reported that the unemployment rate fell in May-July to its lowest level since 1974, while wages increased. This is a sign that the UK labor market remains tight. However, demand for labor has eased…
According to the Office for National Statistics (ONS), the gross domestic product (GDP) of the United Kingdom increased by 0.2% in July compared to the previous month. ONS said of the decline in generating capacity that such signs may indicate…
According to S&P Global / CIPS, the construction PMI rose slightly in August to 49.2 from 48.9 the previous month. However, new orders fell to the lowest level since June 2020. Consumer demand is heading toward “stagnation” as rising costs…
S&P Global reported Wednesday that the U.K. composite purchasing managers’ index (PMI) fell to 49.6 in August 2022, below the preliminary reading of 50.9, a clear sign of recession. The PMI index below 50 indicates that the manufacturing and service…
