No sign of economy rebalancing in latest China PMIs

January 6, 2016

China's Huang Qiushuang performs on the balance beam during the women's gymnastics team final in the North Greenwich Arena at the London 2012 Olympic Games July 31, 2012.   REUTERS/Mark Blinch (BRITAIN  - Tags: SPORT OLYMPICS SPORT GYMNASTICS)   - RTR35RC6

Chinese manufacturing has been in the dumps for a long while. But that was supposed to be offset by a government-induced shift in the economy toward domestic consumption, which underpins Beijing’s optimistic outlook for growth this year.

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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?

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It’s not very often you come across a chart like this. Usually this kind of thing happens once every 10 years or so.

Relief from UK services inflation seen fleeting

January 16, 2014

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.