News Tag: CIPS
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
January 4, 2010
A survey has revealed that a sharp rise in new orders has led to a rise in manufacturing activity in December.
According to the closely-watched CIPS/Markit purchasing managers' index (PMI), factory activity grew at its fastest pace in more than two years with the index rising to 54.1 in December, up from 51.8 the previous month and beating forecasts of a reading ...
December manufacturing activity at 25-month high
by Kay Murchie
December 2, 2009
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index revealed a marginal rise in UK construction activity to 47.0 in November, from 46.2 in October.
Any figure below the 50 mark represents a contraction but November’s reading represents the highest since August as the rate of decline slows and new order volumes saw an increase for the first time ...
UK construction sector contracts for 21st consecutive month
by Kay Murchie
December 1, 2009
UK manufacturing activity unexpectedly slowed in November with the Chartered Institute of Purchasing & Supply (CIPS) index falling from a revised 53.4 in October to 51.8 in November.
Growth in new orders eased sharply from 58 in October to 53 in November.
However, while any reading above 50 in the index indicates growth, the figures have still raised concerns over the strength ...
UK manufacturing activity falls unexpectedly in November
by Kay Murchie
November 3, 2009
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index fell to 46.2 in October, from 46.7 in September, marking the 20th consecutive month of falls due to a slump in demand for commercial and civil engineering work.
Meanwhile, job cuts in the sector also increased at the fastest rate in four months, while input costs were rising, according to the ...
Construction sector contracts for 20th consecutive month
by Kay Murchie
November 2, 2009
The Chartered Institute of Purchasing & Supply (CIPS)/Markit purchasing managers index of manufacturing activity grew to 53.7 in October, up from the revised reading of 49.9 the previous month.
The reading beat forecasts of a rise to 50.0 and represented the fastest pace of growth in two years.
Furthermore, new orders rose at their fastest in almost six years with the index surging by ...
UK manufacturing activity beats expectations
by Kay Murchie
October 1, 2009
The Chartered Institute of Purchasing & Supply (CIPS) index has revealed a fall in UK manufacturing activity in September by falling to 49.5 from 49.7 in August.
The data shows that employers reduced headcount for the 17th consecutive month, while the rate of pick-up in new orders slowed.
The fall was a surprise to many analysts who were expecting a rise to 50.3. ...
UK factory activity dips in September
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
June 3, 2009
The Chartered Institute of Purchasing and Supply's (CIPS) services survey has revealed that the services sector has risen for the first time in a year.
The sector, which makes up for more than two thirds of the economy, consists of services such as restaurants, cinemas, sports venues and leisure centres.
The survey’s headline reading rose from 48.7 in April ...
Rise in UK’s service sector is good news for economy
by Kay Murchie
October 3, 2008
The Chartered Institute for Purchasing and Supply (CIPS) has revealed that Britain’s services sector shrank in September at the fastest rate since records began 12 years ago, adding to fears that a recession is unavoidable.
The CIPS index shows service sector activity fell to 46, a figure of less than 50 indicates contraction.
The news follows that from the CIPS ...
Recession fears as Britain’s services sector contracts
by Kay Murchie
