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Showing 1 - 10 of 22 results for "CIPS"

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... stronger consumer and business spending combined to speed up the UK's recovery. This is underscored by the latest IHS Markit/CIPS PMI survey. Preliminary estimates reveal that the UK composite PMI jumped from April's final reading of 60.7 to ...

Chief economist update: Tomorrow never dies

BENJAMIN ONG  |  MONDAY, 26 APR 2021
... services PMI went up to a reading of 50.3 - the highest and first reading indicating expansion in eight months. The IHS Markit / CIPS Flash UK Composite PMI surged to 60.0 in April - the highest reading in around seven and half years. The manufacturing ...

Chief economist update: More money for reimposed lockdown

BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
... -9.5% and its 2021 forecast to +7.25% from +9%. UK GDP dropped by 21.5% in the year to the second quarter. The latest IHS/CIPS UK PMI surveys give credence to the Treasury and the central bank's move. Although still in expansion the composite PMI ...

Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
... like in most other nations around the world - sparked a recovery in economic activity, underscored by the rebound in the IHS/CIPS purchasing managers indices (PMI). This is to be expected as people were again allowed to socialise and shop at re-opened ...

Chief economist update: Australia on top despite recession

BENJAMIN ONG  |  FRIDAY, 4 SEP 2020
... like in most other nations around the world - sparked a recovery in economic activity, underscored by the rebound in the IHS/CIPS purchasing managers indices (PMI). The composite PMI continues to strengthen, rising to a reading of 59.1 in August - a ...

Chief economist update: UK plans for jobs

BENJAMIN ONG  |  THURSDAY, 9 JUL 2020
... like in most other nations around the world - sparked a recovery in economic activity, underscored by the rebound in the IHS/CIPS purchasing managers indices (PMI). The manufacturing PMI rose to a reading of 50.3 in June (indicating expansion), the second ...

Chief economist update: Turns out Brexit was heaven

BENJAMIN ONG  |  FRIDAY, 24 APR 2020
... some cases, and investment intentions appear to have recovered." This was underscored by the sharp turnaround in the IHS/CIPS UK Composite PMI index to 53.3 in January - a 16-month high - after four months of below 50 readings (indicating contraction) ...

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
... the general economic activity. Just like the UK, Australian economic activity will slow as shown by the latest UK Markit/CIPS figures - composite PMI down to a reading of 37.1 in March from 53.0 in February; manufacturing down to 48.0 from 51.7; services ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... intensifying. The latest surveys point to no growth in UK output." The BOE chief's statement is supported by the IHS Markit/CIPS UK Construction Total Activity Index dropping to a decade-low reading of 43.1 in June from 48.6 in the previous month. ...

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
... saying: "Businesses have been working to put in contingency plans for a no-deal Brexit". The jump in the latest IHS/Markit/CIPS UK manufacturing PMI to a 13-month high reading of 55.1 in March from 52.1 in the previous month bears this out for the simple ...
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