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Mar 3, 2014

Manufacturing and lending data augur well for UK economy

LONDON, March 3 (Reuters) – British manufacturing
strengthened last month and mortgage approvals hit their highest
level in January since November 2007, data showed on Monday,
underlining the momentum behind the country’s economic recovery.

Hiring in factories picked up at the fastest rate since May
2011, according to a survey gauging manufacturing activity,
while new orders continued to pile in.

Mar 3, 2014

UK manufacturing grows in February, job creation at near three-year high – Markit/CIPS

LONDON (Reuters) – British manufacturing grew more quickly than expected in February, adding to signs that the country’s economic recovery is broadening out, and job creation in the sector hit a 33-month high, a survey showed on Monday.

But growth in new export orders slowed, due in part to the recent appreciation of sterling, underscoring the challenges facing the manufacturing sector.

Mar 3, 2014

UK manufacturing grows, job creation at near three-year high

LONDON (Reuters) – British manufacturing grew more quickly than expected in February, adding to signs that the country’s economic recovery is broadening out, and job creation in the sector hit a 33-month high, a survey showed on Monday.

But growth in new export orders slowed, due in part to the recent appreciation of sterling, underscoring the challenges facing the manufacturing sector.

Feb 25, 2014

UK DMO to gauge volatility when deciding on bigger linker sales – DMO chief

LONDON (Reuters) – Pension funds are still keen to buy inflation-linked British government bonds, despite slower price growth, but the country’s debt agency head said he would be careful about agreeing to any increase in auction sizes.

Investors have said they want more debt to be sold at index-linked auctions, even as British inflation falls below the Bank of England’s target.

Feb 20, 2014

First UK rate hike likely in spring 2015, says BoE’s Weale

LONDON, Feb 20 (Reuters) – The first rise in British
interest rates is likely to come in the spring of next year, but
it could be sooner if wages rise faster than expected, a Bank of
England policymaker said on Thursday.

While the bank has stressed there is no rush to raise
interest rates, last week it suggested that expectations for a
hike in the second quarter of 2015 would be consistent with
keeping inflation at its 2 percent target.

Feb 19, 2014

UK jobless rate shows surprise increase after Bank of England shifts focus

LONDON (Reuters) – Britain’s jobless rate edged up unexpectedly for the first time in nearly a year, just a week after its previously rapid fall had forced the Bank of England to stress that it was in no rush to raise interest rates.

Last week the BoE demoted the unemployment rate from its central role as a guide on how long to keep interest rates steady, after six months in which joblessness had tumbled far faster than the central bank had forecast.

Feb 19, 2014

UK unemployment rate ticks up, underlines steady stance on rates

LONDON, Feb 19 (Reuters) – Britain’s unemployment rate
unexpectedly edged up in the three months to December to mark a
first rise in almost a year, underlining a message from the Bank
of England that it is in no rush to hike borrowing costs.

The jobless rate edged up to 7.2 percent in the three months
to December compared with 7.1 percent in November, the Office
for National Statistics said on Wednesday.

Feb 17, 2014

UK housing not overheating, rates not at lows forever-BoE’s Miles

LONDON, Feb 17 (Reuters) – Britain’s housing market is not
overheating but interest rates will not remain at record lows
indefinitely, Bank of England policymaker David Miles said in an
interview on Monday.

Miles, a member of the Bank’s Monetary Policy Committee,
told Bloomberg Television the amount of slack in Britain’s
economy means there is no case for tightening monetary policy
right now and that “overheating” was not a good word to describe
the housing market.

Feb 14, 2014

Strongest house-building since 2008 lifts UK fourth-quarter construction

LONDON (Reuters) – British construction output rose modestly in the fourth quarter of 2013, led by the greatest amount of new housing since the first quarter of 2008, providing some evidence that builders are responding to rising property prices.

The country’s construction sector – which accounts for 6.3 percent of gross domestic product – has benefited from a sharp pick-up in the housing market which has been supported by government-sponsored schemes and record low interest rates.

Feb 14, 2014

Strongest housebuilding since 2008 lifts UK Q4 construction

LONDON, Feb 14 (Reuters) – British construction output rose
modestly in the fourth quarter of 2013, led by the greatest
amount of new housing since the first quarter of 2008, providing
some evidence that builders are responding to rising property
prices.

The country’s construction sector – which accounts for 6.3
percent of gross domestic product – has benefited from a sharp
pick-up in the housing market which has been supported by
government-sponsored schemes and record low interest rates.

    • About Ana

      "Ana Nicolaci da Costa is UK Economics Correspondent, covering monetary and fiscal policy in London. Ana previously worked as Reuters' Economics Correspondent in Brasilia and covered European markets, including the euro zone debt crisis. She began working for Reuters in 2004 in London, after an internship at the Financial Times. Ana has a Master's degree from the University of London and studied political science as an undergraduate at the University of Nottingham and Institut d'Etudes Politiques de Paris."
      Joined Reuters:
      2004
      Languages:
      English, Portuguese, French, German, Spanish
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