UK service sector signals growth
June 4, 2009 by samsonites · Leave a Comment
The UK service sector grew unexpectedly in May, a survey has said, indicating the economic outlook may be improving.
The PMI services index hit 51.7 in May, up from 48.7 in April. A measure above 50 indicates growth, and this was the first reading over 50 since April 2008.
UK job market weakening rapidly
December 3, 2008 by samsonites · Leave a Comment
The UK job market weakened rapidly in November as permanent placements declined at record levels, a new survey from Markit Economics suggests.
The drop in permanent and temporary jobs was faster than at any point in the survey’s 11-year history. Read more
US manufacturing hits 26-year low
November 4, 2008 by samsonites · Leave a Comment
US manufacturing activity fell in October to its lowest level for 26 years, according to a new report from the Institute for Supply Management.
The report cited “significant demand destruction”, for the third consecutive month in which the sector contracted. Read more
