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IHS Markit

UK economy shows signs of stabilisation after new lockdown hit

UK economy shows signs of stabilisation after new lockdown hit

  • Surveys suggest UK businesses stabilised in February.
  • Retail sales slump 8.2% m/m in January.
  • Borrowing much lower than expected at 8.8 billion pounds.
  • Sunak says he will be honest about fixing budget hole.
  • Economist sees big tax rises in 2022.
Published 19 Feb, 2021 07:27pm
Futures edge higher ahead of business activity data
Markets

Futures edge higher ahead of business activity data

  • Futures up: Dow 0.12%, S&P 0.21%, Nasdaq 0.34%
  • Strong earnings, progress in vaccination roll-outs and hopes of a $1.9 trillion federal stimulus package helped US stock indexes hit record highs at the start of the week.
Published 19 Feb, 2021 05:13pm
Double-dip Europe recession 'increasingly inevitable': PMI
World

Double-dip Europe recession 'increasingly inevitable': PMI

  • A double-dip recession for the eurozone economy is looking increasingly inevitable as tighter Covid-19 restrictions took a further toll on businesses in January.
  • This was due to the "ongoing relative resilience of manufacturing, rising demand for exported goods.
Published 22 Jan, 2021 05:40pm
US final manufacturing PMI ends 2020 at 6-year high: IHS Markit
World

US final manufacturing PMI ends 2020 at 6-year high: IHS Markit

  • Consumer goods makers saw weaker order flow as COVID-19 infections surged and limited consumer spending.
  • With output moderating to 58.3 last month from 59.2 in November, the headline index's improvement was driven largely by a strong pricing environment.
Published 04 Jan, 2021 08:23pm