LONDON (Reuters) – British manufacturing grew slightly faster in January thanks in part to a modest recovery in export orders, and trimmed prices as raw material costs fell at their quickest rate since May 2009, a survey showed on Monday.
Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rose to 53.0 from an upwardly revised 52.7 in December, beating a Reuters poll forecast for 52.6 and holding comfortably above the 50 mark that signals growth.
Britons are becoming no clearer about the outlook for their economy, if the latest Citi/YouGov survey of inflation expectations is anything to go by.
While main news was that expectations for British inflation over the next 12 months hit a six-year low, the monthly poll also showed uncertainty about inflation is rising fast.
German Jan inflation lower than all predictions in Reuters poll. Prelim reading -0.5% vs median -0.2%; lowest f’cast was -0.4%
UK prelim Q4 #GDP +0.5%, in line with lowest predictions in Reuters poll. Credit Suisse, Deka, Experian and Roubini spot-on
LONDON, Jan 23 (Reuters) – British retail sales unexpectedly
rose in December as shoppers flocked to supermarkets and bought
more fuel as oil prices fell, providing a boost for the
country’s economic recovery that has shown signs of softening.
Economists had expected sales to be weaker after a
U.S.-style Black Friday sales bonanza sent shoppers scurrying
for bargains in November.