Hints and tips:
...Tim Moore, of S&P Global, said the survey’s results showed the impact of “elevated borrowing costs and a wait-and-see approach to new projects”....
...The S&P Global/Cips UK construction purchasing managers’ index fell marginally to 45.5 in November from 45.6 the previous month....
...John Glen, Cips chief economist, said: “A revival in the services economy is helping the UK’s private sector end the year on a more positive note....
...Glen said there was “a question mark over the sustainability of this growth and the challenges that lie beneath the floorboards”....
...John Glen, chief economist at the Chartered Institute of Procurement & Supply (Cips), said the steep drop in house building “will send a chill down the spine of the UK economy”....
...Chris Williamson, chief business economist at S&P Global Market Intelligence, which publishes the index with the Chartered Institute for Procurement and Supply (Cips), said the data showed the UK economy...
...“The wrecking ball of higher inflation and interest rates has knocked the UK’s residential building output,” said John Glen, chief economist at the Chartered Institute of Procurement & Supply....
...The data “paints a bright picture of progress in the construction sector with a robust jump in output last month”, said John Glen, Cips chief economist....
...As business expectations remained at historically low levels, the overarching concerns remain that there was “little power in the UK economy’s engine of growth for 2023”, John Glen, chief economist at the...
...“The sun broke through in February after six months of gloom with a swift and significant jump in output for private sector business,” said John Glen, Cips chief economist....
...Optimism from builders about the year ahead was at its lowest level since May 2020, said John Glen, chief economist at the Chartered Institute of Procurement & Supply....
...“Optimism among private sector firms was the best for eight months signalling the downturn may not be as long and protracted as feared,” said John Glen, Cips chief economist....
...The S&P Global/Cips UK construction purchasing managers’ index — which measures month-on-month changes in activity in the sector — was at 49.2 in August, marginally above the 48.9 in July, but below the...
...John Glen, Cips chief economist, said: “The Covid veil, now almost completely lifted, has revealed the challenges still faced by exporters struggling with customs and paperwork challenges and other Brexit...
...John Glen, chief economist at the Chartered Institute of Procurement & Supply, said that though the headline index showed growth after two months of contraction, “the devil lies in the detail pointing to...
...John Glen, Cips chief economist, said that “concerns over rising energy and food bills affected consumer appetite for pubs and restaurants and demand was scaled back”....
...“There are many concerns keeping private sector business owners awake at night,” said John Glen, Cips chief economist, such as supply chain snarl-ups, inflation, interest rates and port disruptions....
...The S&P 500 index of US stocks rose 0.6 per cent last month and is up almost 12 per cent in the first five months of the year....
...Contracts tracking Wall Street’s blue-chip S&P 500 and those tracking the tech-heavy Nasdaq 100 were flat ahead of the New York open....
...The S&P Global/Cips UK purchasing manager index for manufacturing and services dropped to 49.6 in August from 52.1 in July and below a flash reading of 50.9....
...The S&P/Cips global flash UK composite purchasing managers’ index, a measure of private sector activity, dropped to 50.9 in August from 52.1 last month....
...Business activity in the eurozone shrank for the fifth consecutive month in November, according to the closely watched purchasing managers’ index from S&P Global, recording a score of 47.8, where 50 marks...
...While stocks are a long way down — with the S&P 500 off 17 per cent year-to-date — there are plenty of investors who think they may have further to fall....
...Fellow cub Glen Kacher’s Light Street was down more than 40 per cent....
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