UK business activity falls to lowest in 3 months in September - Breaking The News

UK business activity falls to lowest in 3 months in September

3 October

1 min read

EPA-EFE/ANDY RAIN

United Kingdom's business activity has tanked to its lowest point in three months, according to the latest PMI survey data from S&P Global published on Wednesday. The Services PMI Business Activity Index fell to 52.4, down from 53.7 in August, signaling a moderate expansion.

Despite the fall, the sector continues to grow, buoyed by strong domestic demand in technology and real estate. Business sentiment remains positive, with 56% of firms expecting growth in the year ahead, citing lower borrowing costs and easing inflation pressures.

"Some service sector firms commented on delayed decision-making among clients due to business uncertainty ahead of the Autumn Budget on 30th October. However, the majority of survey respondents (56%) expect a rise in business activity during the year ahead, while only 11% forecast a downturn," Tim Moore, Economics Director at S&P Global Market Intelligence, commented.

data pmi composite pmi

Italy's trade surplus at €4.5 billion in February

18 April

Italy's trade surplus stood at €4.5 billion in February, up from a deficit of €264 million registered in January, the country's National Institute of Statistics (Istat) revealed in a report on Friday.Month on month, exports jumped 3.5%, while imports increased 1.7%. Exports to the European Union countries were up by 3.7%, and to the non-EU countries by 3.2%. Meanwhile, imports from the EU and non-EU countries grew 2.4% and 0.8%, respectively.There was a trade...

Baker Hughes: US oil rig count up by one to 481

17 April

The number of oil rigs in the United States reached 481 in the week ending April 17, rising by one from the previous week, according to the Baker Hughes weekly rig count released on Thursday. The rig count fell by 30 on an annual basis.The country's gas rig count increased by one to 98 in the reported week, dropping by eight from the same period in the previous year. The total number of rigs in the US stood at 585, down by two from the previous week and by...

EIA: US natural gas inventories up by 16 Bcf

17 April

Working gas storage across the United States observed a weekly rise of 16 billion cubic feet (Bcf) to reach 1,846 Bcf in the week ending April 11, the Energy Information Administration (EIA) revealed in its report published on Thursday.The stocks declined by 480 Bcf compared to the same period a year ago and remained 74 Bcf below the five-year average of 1,920 Bcf. Total working gas was within the five-year historical range.

US housing starts drop 11.4% in March

17 April

Housing starts in the United States stood at 1,324,000 in March, falling by 11.4% compared to the previous month, the US Census Bureau revealed in its report on Thursday. Year-on-year, the figure rose by 1.9%. Single-family housing starts reached 940,000, dropping by 14.2% on a monthly basis.Building permits rose by 1.6% in March compared to the revised February rate to stand at 1,482,000, but were 0.2% lower than in March 2024. Single-family...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.