UK Economics Correspondent, London
Andy's Feed
Nov 3, 2014

UK manufacturing surges, but weak exports cloud outlook

LONDON, Nov 3 (Reuters) – British manufacturing surged
unexpectedly last month as domestic strength helped factories
overcome the worst fall in export orders since January 2013,
caused by sagging demand from the euro zone.

Monday’s Markit/CIPS UK Manufacturing Purchasing Managers’
Index (PMI) rose to 53.2 from 51.5 to touch its highest level
since July, topping even the most optimistic of forecasts in a
Reuters poll and well above the 50 mark denoting expansion.

Oct 31, 2014
Oct 29, 2014
Oct 29, 2014
Oct 28, 2014
Oct 27, 2014

BoE’s Shafik sees no significant evidence of price pressures: FT

LONDON (Reuters) – The Bank of England will need to see more signs of price pressures building in Britain’s economy before it raises interest rates from record low levels, its deputy governor Minouche Shafik said on Monday.

In an interview with the Financial Times, Shafik said she saw “no significant evidence” that price pressures were mounting and that slack remained in the labor market – her most explicit comments on monetary policy since her appointment in August.

Oct 27, 2014

Bank of England’s Shafik sees no significant evidence of price pressures – FT

LONDON (Reuters) – The Bank of England will need to see more signs of price pressures building in Britain’s economy before it raises interest rates from record low levels, its deputy governor Minouche Shafik said on Monday.

In an interview with the Financial Times, Shafik said she saw “no significant evidence” that price pressures were mounting and that slack remained in the labour market – her most explicit comments on monetary policy since her appointment in August.

Oct 24, 2014

Rapid UK recovery starts to slow from previous red-hot pace

LONDON (Reuters) – Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May’s election.

Official data on Friday showed the economy expanded by 0.7 percent in the third quarter, compared with 0.9 percent the quarter before – in line with forecasts in a Reuters poll.

Oct 24, 2014
Oct 24, 2014