by Christopher Nye | Feb 6, 2019
After Monday’s disappointing construction data, attention turned to the services PMI reading for January. The latest figures showed a slump in the performance to 50.1 from 51.2 the previous month. It is the lowest reading for more than two years and serves as further...
read more
by Christopher Nye | Feb 5, 2019
January wasn’t a great year for the eurozone either, as private sector growth hit its weakest level since mid-2013. The latest figures came in at 51.0 last month and given that any reading above 50.0 shows growth, this reading is barely above stagnation. Markit...
read more
by Christopher Nye | Feb 5, 2019
Although we have now entered the second month of 2019, we are still getting economic data readings from the back-end of last year and yesterday was no exception. In the US, the only release of note was the factory orders figures for November, which dropped by 0.6%...
read more
by Christopher Nye | Feb 5, 2019
It was an extremely quiet day for the eurozone, with no major economic data releases on the schedule until Tuesday. However, the research group, Sentix, reported that investor confidence in the eurozone has dropped to its lowest level since November 2014. Its investor...
read more
by Christopher Nye | Feb 5, 2019
The main release from the UK yesterday were the construction PMI figures for January. They showed that the sector struggled last month, dropping to 50.6 from 52.8 in December and well below the 52.4 the markets had been expecting. Many of the builders interviewed by...
read more
