Economics Correspondent
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Apr 4, 2011

Construction sector grows robustly

LONDON (Reuters) – The construction sector grew faster than expected last month, notching a rate of expansion that almost matched the February’s eight-month high, data showed on Monday.

The headline activity index of the Markit/CIPS survey of purchasing managers came in at 56.4 in March after hitting 56.5 in February. Analysts polled by Reuters poll had forecast a steeper fall to 54.9.

Apr 4, 2011

Construction sector grows robustly in March

LONDON (Reuters) – Britain’s construction sector grew faster than expected last month, notching a rate of expansion that almost matched the February’s eight-month high, data showed on Monday.

The headline activity index of the Markit/CIPS survey of purchasing managers came in at 56.4 in March after hitting 56.5 in February. Analysts polled by Reuters poll had forecast a steeper fall to 54.9.

Mar 31, 2011

Credit conditions set to loosen slightly in Q2 – Bank

LONDON (Reuters) – Credit conditions look set to ease slightly over the next three months, with banks keener to offer mortgages, even to borrowers with small deposits, a survey by the Bank of England showed on Thursday.

The central bank’s quarterly credit conditions survey showed lenders increased the availability of home loans to those with deposits of less than 25 percent of a property’s value in the first three months of the year.

Mar 31, 2011

UK credit conditions set to loosen slightly in Q2 -BoE

LONDON, March 31 (Reuters) – Credit conditions in Britain
look set to ease slightly over the next three months, with banks
keener to offer mortgages, even to borrowers with small
deposits, a survey by the Bank of England showed on Thursday.

The central bank’s quarterly credit conditions survey showed
lenders increased the availability of home loans to those with
deposits of less than 25 percent of a property’s value in the
first three months of the year.

Mar 31, 2011

Credit conditions set to loosen slightly

LONDON (Reuters) – Credit conditions in Britain look set to ease slightly over the next three months, with banks keener to offer mortgages, even to borrowers with small deposits, a survey by the Bank of England showed on Thursday.

The central bank’s quarterly credit conditions survey showed lenders increased the availability of home loans to those with deposits of less than 25 percent of a property’s value in the first three months of the year.

Mar 31, 2011

Economy shows tentative signs of recovery

LONDON (Reuters) – The service sector rebounded in January after a snow-hit December and retail sales rose unexpectedly in March, data showed on Wednesday, raising hope of a decent pick-up in first-quarter GDP.

The pound rose and gilts fell on the data, as investors moved to price a more than 50 percent chance that the Bank of England would raise interest rates in May.

Mar 30, 2011

Services output rebounds in January after December snow

LONDON (Reuters) – Service sector activity rebounded in January after a snow-hit December to grow at its fastest monthly pace since July 2002, official data showed on Wednesday.

However, the Office for National Statistics said without weather distortions, growth would have been broadly flat over the two months as a whole.

Mar 23, 2011

Gilts hold gains post-budget

LONDON (Reuters) – Gilts rallied on Wednesday, supported by worries about possible debt restructuring in Portugal and suffering no lasting blow from upwardly revised UK government borrowing forecasts.

Gilts pared gains initially after British finance minister George Osborne said government borrowing over the next three years would be 25 billion pounds higher than forecast last November, a development he blamed on a weaker growth profile.

Mar 23, 2011

Minutes show BoE was no closer to raising rates in March

LONDON (Reuters) – The Bank of England’s Monetary Policy Committee remained divided on whether to raise interest rates this month and appeared no closer to tightening policy than they were in February.

Minutes to the BoE’s March 9-10 policy meeting, published on Wednesday, suggested the medium-term outlook had not changed, although the risks to inflation and growth had both risen as a result of soaring oil prices.

Mar 23, 2011

Bank no closer to raising rates in March, minutes show

LONDON (Reuters) – The Bank of England’s Monetary Policy Committee remained divided on whether to raise interest rates this month and appeared no closer to tightening policy than they were in February.

Minutes to the Bank’s March 9-10 policy meeting, published on Wednesday, suggested the medium-term outlook had not changed, although the risks to inflation and growth had both risen as a result of soaring oil prices.

    • About Christina

      "Christina Fincher is an economics correspondent based in London. She joined Reuters 12 years ago and has spent much of that time covering financial markets -- foreign exchange, fixed income and credit. Prior to that she worked as a translator for FT Information, where she worked with both French and Italian."
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