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This is a discussion on GBP News within the Analytics and News forums, part of the Trading Forum category; UK service sector activity expanded at the fastest pace in eight months in June on robust new work, raising scope ...

          
   
  1. #311
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    UK Service Sector Growth At 8-Month High

    UK service sector activity expanded at the fastest pace in eight months in June on robust new work, raising scope for a near-term rate hike by the Bank of England. The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers' Index improved to 55.1 in June from 54.0 in May, survey data showed Wednesday. Economists had forecast the index to remain unchanged at 54.0.

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    UK Industrial Production Falls Unexpectedly

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    UK industrial production decreased for the third straight month in May, defying economists' forecast for an increase, figures from the Office for National Statistics showed Tuesday.

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    UK Construction Growth At 6-month Low

    UK construction growth was the weakest in six months in September, defying expectations for an improvement, as all three sub-sectors lost momentum. The CIPS UK construction purchasing managers' index fell to 52.1 from 52.9 in August, survey data from IHS Markit showed on Tuesday. In contrast, economists had expected the index to rise to 53.1.

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    UK Jobless Rate Lowest Since Early 1975

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    The UK unemployment rate remained at the lowest level seen since early 1975, in three months to August, the Office for National Statistics said Tuesday.

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    UK Jobless Rate

    Britain's unemployment increased and the net pay growth was the fastest in nearly a decade during the September quarter, preliminary data from the Office for National Statistics showed on Tuesday. The UK unemployment rate rose slightly in the three months to September to 4.1 percent. In the past two months, the ILO jobless rate was steady at 4 percent, which was the lowest level since 1975.

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