Might the latest survey of British services companies be the clincher for Bank of England policymakers who’ve been tempted to vote for higher interest rates?
A surprisingly strong surge in British manufacturing growth last month has left a few economists scratching their heads. Is it a one-off? Could a manufacturing recovery really appear out of seemingly nowhere?
Depending on which report you read from the same source, the U.S. economy is doing extremely well and also in danger of slowing sharply.
British inflation dipped to 2 percent in December – its lowest since November 2009 and within the Bank of England’s target. Part of the move was driven by a fall in prices in Britain’s services sector – which constitutes more than three quarters of the country’s output.