News Tag: Chartered Institute of Purchasing and Supply
February 3, 2010
The key services sector slowed in January as a result of bad weather and the VAT rise, according to analysts.
The latest activity index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 54.5 in January from the 56.8 in December - however, any reading above 50 indicates growth.
The reading was less than analysts expectations of ...
UK services sector activity dips in January
by Kay Murchie
January 7, 2010
The key services sector reported growth during December according to the latest activity index from the Chartered Institute of Purchasing and Supply (CIPS).
The index showed a reading of 56.8 in December, up from 56.6 in November - any reading above 50 indicates growth.
Not only was the figure slightly above economists' forecasts, it was just under the 27-month high ...
Positive economic data boosts hope for end to recession
by Kay Murchie
October 5, 2009
Hopes of an end to the recession have been heightened by September data from the Chartered Institute of Purchasing and Supply.
New figures indicate that the UK service sector has grown at its fastest pace in almost two years, with the Institute's Purchasing Managers’ Index (PMI) turning in a better than expected performance and increasing to 55.3, up from ...
UK service sector shows fastest growth in two years
by Gill Montia
September 3, 2009
The Organisation for Economic Co-operation and Development (OECD) said the global recession is ending faster than originally thought and expects the US and the euro zone to exit recession in the third quarter.
However, the news was not so positive for the UK with the organisation predicting that the economy will contract by 4.7% this year, revised upwards from its earlier ...
OECD sees global recovery earlier than forecast
by Kay Murchie
August 7, 2009
Britain will drag itself out of recession and into economic recovery within months, a financial expert claimed this week.
Michael Baxter, economist at financial data research firm Defaqto, said recent research by the Chartered Institute of Purchasing and Supply (CIPS) shows the green shoots of economic growth will begin to emerge in the near future.
The CIPS/Markit Purchasing Managers' Index for manufacturing, published ...
Defaqto expects economic recovery within months
by David Masters
July 1, 2009
There are hopes that the UK’s beleaguered manufacturing industry is recovering after the Purchasing Managers' Index from the Chartered Institute of Purchasing and Supply (CIPS) said output in the industry rose for the first time since March 2008 in June.
The index showed a reading of 52.1 - anything above 50 is positive and indicates growing production.
While today’s figures ...
UK manufacturing production in first rise since March 2008
by Kay Murchie
March 2, 2009
According to the Chartered Institute of Purchasing and Supply's (CIPS) index, UK manufacturing has weakened for a tenth consecutive month with the index at a low of 34.7.
The CIPS is estimating that approximately 30,000 factory jobs in the UK are being lost every month as firms slash costs amid a slump in demand.
Roy Ayliffe, Director of the CIPS, said "While the ...
UK manufacturing downturn gathering pace
by Kay Murchie
October 1, 2008
According to the Chartered Institute of Purchasing and Supply's (CIPS) purchasing managers' index, the UK’s manufacturing sector is now shrinking at the fastest rate since records began in January 1992.
Last month the index fell to 41, the lowest reading ever and any reading under 50 indicates a contraction.
The survey will no doubt increase fears that the UK is entering ...
UK manufacturing shrinks at fastest rate since 1992
by Kay Murchie
