Kamis, 02 Mei 2013

United Kingdom April 2013 PMI rose 49,8

Finance Info -United Kingdom Manufacturing Index (purchasing managers index/PMI) almost back to growth in April 2013, and home prices showed the biggest annual increase in more than a year. The Data indicate that economic recovery is slowly beginning to find its way.


"If we can maintain it for a quarter more, we really can change the angle of the back," said the Deputy Governor of the Central Bank of the United Kingdom (Bank of England-BoE) Paul Tucker, as reported by the Reuters, Wednesday (1/5/2013).


"I think there's a long way to go, and there must be some reason for hope," he added.


The economy grew 0.3 percent in the first quarter, in which analysts expect the signs of recovery in manufacturing — which accounts for a tenth of the gross domestic product (GDP) of the United Kingdom-the beginning of stronger second quarter.


CIPS/Markit PMI rising to 49,8 United Kingdom in April 2013 from 48,6 revision in March, putting the sector within the 50 line separates growth from contraction.


Economists see much weaker reading of 48.5. United Kingdom housing market also showed signs of resilience.House prices edged down 0.1 percent in April from March, but lost 0.9 per cent compared to last year-best growth in 14 months (according to mortgage lender Nationwide).

(dmd)


Finance; Investment; Business; Economics




Finance; Investment; Business; Economics

Title Post: United Kingdom April 2013 PMI rose 49,8
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Author: Mohammad Zulfi Satriawan

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