Recent data shows the UK economy recorded its fastest growth rate in a year, supported by a solid services sector, although the manufacturing sector is still experiencing contraction. The Flash Services PMI for August 2025 surged to 53.6, well above the forecast of 51.8 and a significant increase from 51.8 in July. This increase pushed the Composite PMI - a combination of the services and manufacturing sectors - up to 53.0, its highest level since August 2024. A reading above 50 indicates expansion in economic activity.
Conversely, the Flash Manufacturing PMI fell to 47.3, lower than the forecast of 48.3 and down from 48.0 in the previous month, indicating continued contraction in the manufacturing sector. Global pressures, weak export demand, and international trade tensions were cited as the main factors weakening the UK manufacturing industry. According to S&P Global analysts, the strength of the services sector confirms that domestic consumption remains resilient enough to support the economy.
However, the imbalance between expanding services and sluggish manufacturing could pose a challenge for the Bank of England (BoE) in determining the future direction of monetary policy.
The foreign exchange market responded to this data by strengthening the pound sterling (GBP) against the US dollar, in line with expectations that the BoE will maintain a cautious stance while awaiting confirmation of the direction of inflation and growth in the coming quarters.
Source: Newsmaker.id
US bonds fell after jobless claims fell to their lowest level since 2022, one of the last readings on the health of the US labor market before the Federal Reserve's interest rate decision next week. ...
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 191K for the week endin...
Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K rise. Hiring was particularly weak in manufacturing (...
Ekonom terkenal Scott Bessent memprediksi bahwa Amerika Serikat kemungkinan akan mengalami pertumbuhan ekonomi yang kuat namun inflasi tetap rendah pada 2026. Menurut Bessent, faktor seperti harga ene...
US stocks closed higher on Friday (December 5), with the S&P 500 up 0.2%, the Nasdaq up 0.4%, and the Dow Jones Industrial Average up 0.2% as weak PCE data and positive sentiment in Michigan strengthened the likelihood of a 25bps Fed rate cut...
Oil prices edged up nearly 1% to a two-week high on Friday (December 5th) amid growing expectations that the US Federal Reserve will cut interest rates next week, which could boost economic growth and energy demand, as well as geopolitical...
Gold closed around $4,210 an ounce on Friday, near its highest level since late October, paring an earlier rally as a series of US data strengthened the case for an imminent Fed rate cut. Delayed September PCE rose 0.3% month-on-month and 2.8%...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K...
Asia-Pacific stock markets opened lower on Friday, following the sluggish sentiment on Wall Street. In Australia, the ASX/S&P 200 fell 0.17%. In...
European stocks closed higher on Thursday (December 2nd), supported by a rebound in shares of major banks and automakers. The Eurozone STOXX 50 and...
Ekonom terkenal Scott Bessent memprediksi bahwa Amerika Serikat kemungkinan akan mengalami pertumbuhan ekonomi yang kuat namun inflasi tetap rendah...