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Topic

purchasing managers' index

UK PMI business survey hits record high as lockdowns ease, prices jump too

UK PMI business survey hits record high as lockdowns ease, prices jump too

Published 21 May, 2021 05:04pm
  • Retail sales and consumer confidence data earlier on Friday also pointed to a swift recovery taking shape in Britain's economy as hard-hit restaurants, pubs and shops reopened following months of lockdown closures.
  • Hotels, restaurants and other previously closed consumer services saw the strongest jump in demand, the PMIs showed.
UK economy shows signs of stabilisation after new lockdown hit

UK economy shows signs of stabilisation after new lockdown hit

Published 19 Feb, 2021 07:27pm
  • 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.
UK economy faces another recession on virus curbs: survey

UK economy faces another recession on virus curbs: survey

Published 22 Jan, 2021 05:34pm
  • The composite purchasing managers' index (PMI) sank to an eight-month low at 40.6 points, compilers IHS Markit and the Chartered Institute of Procurement and Supply (CIPS) said.
  • The shift below 50 -- indicating contraction -- compared with 50.4 in December.
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