PMIData

UK Businesses Brace for Tough Times as Job Cuts Rise Following Tax Hikes

7 days ago

In a troubling indicator of economic sentiment, the latest Purchasing Managers' Index (PMI) data shows a significant downturn in the UK’s business landscape, leading many firms to make drastic changes, including slashing jobs. This development comes in the wake of Chancellor Jeremy Hunt's controversial tax increase aimed at stabilizing the country’s finances amidst ongoing economic challenges.

U.S. Business Activity Sees Notable Expansion, Spurring Confidence Across Economies

1 month ago

In a positive turn of events for the U.S. economy, recent data indicates that business activity has expanded at its most substantial rate since 2022. This development suggests a growing confidence among firms moving into the end of the year, as they respond to strong consumer demand and increased investment opportunities.

UK Housebuilding Recovery Hits a Wall Ahead of Budget Announcement, PMI Data Shows

2 months ago

The UK housing sector is experiencing a significant slowdown, with new data indicating that the anticipated recovery in housebuilding has stalled just as the government prepares for its upcoming budget announcement. According to the latest Purchasing Managers' Index (PMI) data, which gauges the health of the construction sector, there are growing concerns that the construction industry is struggling to regain its momentum.