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...The non-manufacturing PMI, which covers services and industries such as agriculture and construction, was 51....
...“We think this reflects . . . a recovery in demand as mortgage rates have eased.”...
...Overseas demand fell for the 26th successive month and companies reported fewer orders from France, the Netherlands, Belgium and Poland....
...Tomasz Wieladek, chief European economist at the investment company T Rowe Price, said the figures “imply a large rebound in UK domestic demand in December” and “clearly raise the prospect that the economy...
...Wednesday’s construction PMI index joins the UK business activity index in beating economists’ expectations last month, suggesting that turnarounds in both sectors could occur soon as inflation falls....
...Could long-term mortgages with rates fixed for a decade or more be the answer? A Big Read investigates....
...Weak spending will raise concerns over the rebound in activity seen in other economic data, such as mortgage approvals and business sentiment....
...While Halifax attributed the December increase to a shortage of properties on sale, the house price and PMI figures add to evidence that the property market is improving as mortgage rates fall and builders...
...Second, corporate investment in AI pays off, letting companies automate tedious processes and expand output. Lower mortgage rates create a big housing snapback....
...“What you get as the borrower is assurance that for whatever indefinite period you (choose) . . . you’re not subject to the downside risk.”...
...It had also done business with German property companies Gerch and Centrum Group, both of which slipped into insolvency over summer....
...A reading below 50 indicates a majority of companies reporting a contraction....
...The PMI was consistent with a 15 per cent year-on-year fall in housing starts; he expects a fall of 20 per cent overall this year....
...The property market meanwhile is starting to factor in cuts in mortgage rates, while consumers’ confidence in their own finances has hit a two-year high....
...“Especially those companies focused on the housing sector find themselves in a tough spot.”...
...The flash UK PMI services output index fell to a six-month low of 51.5 on Monday, not 51.3...
...This suggests persistent price pressures that were confirmed by separate data by the S&P Global/Cips UK services PMI business activity survey also published on Thursday....
...For all the assurances about forbearance that lenders are making, it is vital that borrowers have rapid access to an independent arbitrator if they dispute their bank’s decision. Why?...
...“This narrow assurance, formalised in the consent order with the FTC, will have no impact on Amgen’s business.”...
...One could mention elevated petrol prices, or a further deterioration in housing from 8 per cent mortgage rates, or inflation turning up....
...The services sector contracted less than estimated in September, according to updated PMI survey data....
...It’s fairly hard for an insurance company to argue against death. Unless you’re Lord Lucan....
...Analysts said the closest precedent was the 2008 collapse of mortgage-focused bank IndyMac....
...House prices fell across all UK regions for the first time since 2009 in the three months to September as high mortgage rates took effect, according to mortgage lender Nationwide....
...McBain, a chartered accountant and former chief executive of Scottish Friendly Assurance who is a director at three other companies, said “we have entirely appropriate skill sets”....
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