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News Tag: CIPS

June 1, 2012

UK economic growth forecast cut to 0.1%

by Jan Harris
UK economic growth forecast cut to 0.1%
The British Chamber of Commerce (BCC) has reduced its estimate for growth in the UK’s economy. in its quarterly economic forecast. The BBC has reduced its forecast, from growth of 0.6 per cent in 2012 to just 0.1 per cent. The UK economy contracted by 0.3 per cent in the first quarter and the BCC expects a further contraction in the second ...




November 1, 2011

UK manufacturing activity contracts in October

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity contracted last month. The closely-watched CIPS/Markit manufacturing PMI sank to 47.4 in October from September’s reading of 50.8. Today’s survey means the index has fallen below the crucial 50 mark – which separates growth from expansion. Furthermore, the index is now at its lowest ...




September 5, 2011

UK service sector activity suffers sharp drop in August

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector slowed in August, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) slowed at the fastest pace in over a decade to 51.1 in August from July’s reading of 55.4. The fall represented the second largest on record and was much worse than the 54.0 ...




September 2, 2011

UK construction growth slows further in August

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed growth in the UK construction industry weakened in August. The PMI dipped to 52.6 in August from July’s reading of 53.5 – however, the figure was in line with expectations. Furthermore, the index remains above the crucial 50 mark, which separates growth from contraction. However, the ...




September 1, 2011

UK manufacturing activity hits 26-month low

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity contracted at the fastest pace in more than two years in August. The closely-watched CIPS/Markit manufacturing PMI fell to 49.0 last month from an upwardly revised 49.4 in July. The latest figure means the index remains below the crucial 50 ...




August 3, 2011

UK service sector grows at stronger pace

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector grew at the strongest pace in 4 months in July, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) surged to 55.4 last month from June’s reading of 53.9. The rise was unexpected after analysts had expected the index to fall to 53.2. Meanwhile, the index continues to remain ...




August 2, 2011

UK construction growth slows further in July

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed growth in the UK construction industry slowed in July. The PMI dipped to 53.5 in July from June’s reading of 53.6 – however, the figure beat expectations of a reading of 53.0. Furthermore, the index remains above the crucial 50 mark, which separates growth from contraction. Meanwhile, ...




August 1, 2011

UK manufacturing activity contracts in July

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing contracted in July – the first time since the UK was in recession two years ago. The closely-watched CIPS/Markit manufacturing PMI fell to 49.1 last month from a revised 51.4 in June. The index is now below the crucial 50 mark, which separates contraction from ...




July 5, 2011

UK service sector growth sees slight rise in June

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector rose slightly last month, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) edged higher to 53.9 in June from May’s three-month low of 53.8. The result confounded analysts’ expectations of a fall to 53.5. The index continues to remain above the crucial 50 level, which separates ...




July 4, 2011

UK construction growth slows in June

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed the UK construction industry slowed in June. The PMI dipped to 53.6 in June from May’s reading of 54 – however, the figure was broadly in line with expectations. Furthermore, the index remains above the crucial 50 mark, which separates growth from contraction. Commenting on the ...




July 1, 2011

UK manufacturing activity hits 21-month low

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing grew at its slowest rate in almost two years in June. The closely-watched CIPS/Markit manufacturing PMI dived to a 21-month low of 51.3 last month from May’s reading of 52. June’s reading was slightly lower than the 52.1 expected by analysts. However, the ...




June 3, 2011

UK service sector activity sinks to 3-month low in May

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector slowed in May, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) eased to a 3-month low of 53.8 in May from 54.3 the previous month. Analysts had expected the index to be around the 54.0 level. However, the index remains above the crucial 50 level, ...




June 1, 2011

UK manufacturing activity hits 20-month low

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed in May. The closely-watched CIPS/Markit manufacturing PMI dropped to 52.1 in May, from a reading of 54.4 in April. The reading was much lower than the 54.1 expected by analysts and the lowest reading since September 2009. However, the index continues to stay above ...




April 5, 2011

UK service sector activity hits 13-month high in March

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector surged ahead in March, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) rose to a 13-month high of 57.1 last month - from February’s reading of 52.6. Analysts had expected the index to remain broadly unchanged. The reading means the index remains above the crucial 50 ...




April 1, 2011

UK manufacturing activity slows in March

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed more than expected in March. The closely-watched CIPS/Markit manufacturing PMI dropped to 57.1 in March - a five-month low - down from a revised 60.9 in February. The reading was much lower than the 60.5 expected by analysts. However, the index continues to stay ...




March 2, 2011

UK construction activity hits 8-month high

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity surged to an eight-month high in February. The PMI rose to 56.5 in February, up from January’s 53.7 - confounding analysts expectations of a drop to 52.9. The index remains above the crucial 50 mark, which indicates expansion. Activity in the commercial building sector, ...




March 1, 2011

UK manufacturing activity holds record high in February

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity held its record high in February. The record level was attributed to higher factory costs, indicating pricing pressures are growing. The closely-watched CIPS/Markit manufacturing PMI remained at 61.5 in February - which represents the highest reading since records began in 1992 and ...




February 3, 2011

UK service sector activity recovers in January

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector recovered in January - following the surprise contraction in December due to the disruption caused by bad weather. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) grew at its fastest pace in 8 months to 54.5 in January, from December’s 20-month low of 49.7. The latest figures mean the index is ...




February 2, 2011

UK construction activity recovers in January

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity recovered last month on the back of better weather. The PMI rose to 53.7 in January, up from December’s 49.1 - which represented the first fall in 10 months due to the severe wintry weather during the month. January’s reading also easily beat forecasts ...




February 1, 2011

UK manufacturing activity hits record high in January

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity surged at a record pace in January. The closely-watched CIPS/Markit manufacturing PMI jumped to 62.0 in January from December’s upwardly revised reading of 58.7. Not only was the reading the highest since records began in 1992, it was well above ...