UK recruitment activity dropped a softer pace in May, while candidate supply grew at the sharpest pace in eight months, data published by S&P Global showed on Friday. Permanent job placements decreased at a slightly sharper pace in May, while temp billings declined at the slowest pace in six months, the KPMG/REC Report on Jobs […]
UK house prices rebounded unexpectedly in May, data from Nationwide Building Society showed Monday. House prices grew 0.5 percent on a monthly basis, in contrast to the 0.6 percent fall in April. Prices were expected to remain flat. Year-on-year, house price growth edged up to 3.5 percent from 3.4 percent in April. Nationwide’s Chief Economist
UK public sector net borrowing in April was the highest in any month since April 2021, the Office for National Statistics reported Thursday. Public sector net borrowing rose by GBP 1.0 billion to GBP 20.2 billion in April. This was the highest borrowing since April 2021 and was also above economists’ forecast of GBP 18.0
UK recruitment activity remained weak at the start of the second quarter as demand for staff deteriorated amid the rise in the salary inflation due to the increases in the national minimum and living wage rates, a report compiled by S&P Global showed Monday. Permanent staff appointments declined further amid reports of weak employer confidence
UK retail sales increased in March as improving weather boosted house and garden related purchases, the British Retail Consortium reported Tuesday. Retail sales grew 1.1 percent on a yearly basis in March. However, this was slower than the 3.5 percent growth in the same period last year. This year, Easter is in April, while it
The UK housing market conditions weakened in March as demand faded following the end of stamp duty holiday amid rising concerns about economic outlook, survey data showed on Thursday. New buyer demand turned negative and hit the lowest since September 2023, the Residential Market Survey from the Royal Institution of Chartered Surveyors showed on Thursday.
UK car sales grew sharply in March from a year ago, marking its first increase in six months, data from the Society of Motor Manufacturers & Traders, or SMMT, showed Friday. Car registrations grew by 12.4 percent to 357,103 units in March, up from 317,786 units in the corresponding month last year. “This growth, in
The UK service sector continued to expand at an accelerated pace in March, spurred by a renewed upturn in new orders, the S&P Global purchasing managers’ survey showed on Thursday. The final services Purchasing Managers’ Index climbed to 52.5 in March from 51.0 in February, below the flash reading of 53.2. A score above 50
The UK economy expanded slightly in November after two consecutive contractions, the Office for National Statistics reported Thursday. Gross domestic product grew 0.1 percent on a monthly basis in November, following an unrevised fall of 0.1 percent in October. GDP was expected to grow 0.2 percent. Data showed that the services sector was the largest
