Category Archives: Resources

Expanding service sector allays ‘double-dip’ recession fears

The performance of the UK services sector over the past three months was the best since mid-2010 according to PMI figures.

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Rise in new orders lifts construction activity to 21-month high

“The particularly encouraging news is that the improvement in confidence is generating more jobs, with employment rising modestly,” said Chris Williamson, chief economist at Markit.

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Manufacturing growth comes with higher material costs

The high price of oil and some metals has pushed up the cost of transportation and electronic components for manufacturers.

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UK services activity grows but rate slows

Chris Williamson, chief economist at Markit: “So far this quarter, the sector has notched up its best performance since the spring of 2010.”

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Construction activity hits 11-month high

David Noble: “The construction sector’s relatively buoyant start to 2012 continued in February, as sustained growth affirmed the industry’s ongoing recovery.”

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Rising input costs stem the flow of manufacturing growth

“If rising costs and weak demand persists, sustaining output growth and job creation will become increasingly difficult,” Rob Dobson, senior economist at Markit.

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Services sector starts 2012 with a boom

Record rises in key indicators point to a “resounding revival” of UK economic growth last month, latest PMI finds.

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Confidence builds in UK construction sector

David Noble: “Many businesses have replenished their levels of optimism.”

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UK manufacturing sparks into life

Latest PMI “means a return to recession is by no means a certainty”, said economist Rob Dobson.

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SA purchasing activity contracts in December

“We’re probably going to see manufacturing in South Africa meandering along,” Andre Coetzee, managing director of CIPS Southern Africa.

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