Saturday, Apr 20, 2024

International Finance

Tag : UK

Economy

Eurozone: What recovery?

International Finance Desk
by International Finance Desk
Disappointing GDP data highlight a lack of improvement in the economy, but the ECB is likely to ignore calls for action as it continues to evaluate policies already enacted August 18, 2014: According to Eurostat’s flash estimate, Eurozone GDP showed 0.0% growth in the second quarter, down from 0.2% in the first quarter. The figure...
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Economy

Financial crisis: Repaydebt or grow income

International Finance Desk
by International Finance Desk
Europeans seem to be doing the former and Americans the latter, says ING senior economist Teunis Brosens August 13, 2014: Many countries have been under pressure to reduce their debt burden since the global financial crisis. But results are mixed and have serious implications for the recovery, says ING senior economist Teunis Brosens. Brosens tells...
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Economy

UK output finally exceeds pre-recession levels

International Finance Desk
by International Finance Desk
ING believes that BoE will end up tightening monetary policy sooner rather than later July 25, 2014: UK 2Q14 GDP growth has come in at 0.8%QoQ or 3.1% YoY, in line with market expectations. This is the fastest rate of annual GDP growth since 4Q 2007 and means that the UK economy has finally regained...
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Economy

UK manufacturing orders and employment on positive note: CBI survey

International Finance Desk
by International Finance Desk
Domestic orders power manufacturing recovery July 23, 2014: The recovery in British manufacturing continued apace in the last quarter, with faster growth in domestic orders and output, according to the latest Confederation of British Industry (CBI) quarterly Industrial Trends Survey. The survey of 481 firms reported robust growth in orders in the three months to...
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Banking

Mobile, i-banking transactions worth nearly £1 billion a day in UK

International Finance Desk
by International Finance Desk
In 2014, the rate of adoption of digital banking grew strongly with more than 15,000 people downloading banking apps a day July 22, 2014: Mobile and internet banking are now being used for transactions worth nearly £1 billion a day in the UK, according to a major industry-wide report into consumer-friendly technology by the BBA...
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Economy

UK’s growth to slow down in second half: The Conference Board

International Finance Desk
by International Finance Desk
But some surveys point to orders expanding in manufacturing, construction and services leading to fresh recruitment, reports Team IFM London, July 18, 2104: Britain is set for a slower growth trajectory in the second half of the year, according to a widely-followed index gauging perceptions on future economic conditions, even as a slew of surveys...
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Economy

UK factory output dips in May, stuns experts

International Finance Desk
by International Finance Desk
Explanation sought in ‘seasonal influences’ and British business lobby says this is enough reason to keep interest rates low, reports Team IFM London, July 11, 2014: Economists and analysts were left groping for an explanation as the UK, said to have reached pre-meltdown growth levels by May-end and forecast to dethrone France as the fifth...
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Economy

UK: A bounceback in June is possible

International Finance Desk
by International Finance Desk
According to key surveys, business order books are at high levels. July 9: The UK manufacturing output numbers for May are remarkably soft. Rather than rise 0.4%MoM as expected by the market, which seemed fully justified on the basis of the CBI industrial trends numbers and the manufacturing purchasing managers’ indices, it actually fell 1.3%MoM....
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