The UK Consumer Prices Index (CPI) 12-month rate came in at 2.0% in June, when compared to 2.0% booked in May while coming in line with expectations of a 2.0% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 1.8% y/y versus 1.7% booked in May while matching the consensus forecast of 1.8%. The monthly figures showed that the UK consumer prices arrived at 0.0% in June, meeting 0.0% expectations and 0.3% last. Source : FXstreet

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The services sector activity in the UK economy rebounded sharply and surprised markets to the upside in December, a fresh report from Markit Economics showed on Thursday. The services PMI jumped to 54.2 in December versus a 53.8 reading booked in November. Markets predicted an expansion to 53.8 last month. Key Points: Sharper rise in business activity in December. New order growth eases to a...

The upbeat findings broadly echo those of an official gauge of the non-manufacturing sector last week that showed activity accelerated at a faster rate in December than the previous month, reinforcing the view that an expected slowdown in the broader economy would be gradual. The Caixin/Markit services purchasing managers index (PMI) rose to 53.9 in December, from 51.9 in November and the...

U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said Wednesday. Highlights of ISM Manufacturing (December) Factory index climbed to 59.7 (est. 58.2) from 58.2 a month earlier; readings above 50 indicate expansion. Gauge of new...

The construction sector activity in the UK economy eased more than expected from Novembers five month highs, a fresh report from Markit Economics showed on Wednesday. The final Purchasing Managers' Index (PMI) in the UK retreated to 52.2 points in December, down from 53.1 booked in November and worse than a reading of 52.5 anticipated. Source: FXstreet

U.K. manufacturing growth slowed more than forecast in December, retreating from a four-year high. IHS Markit's Purchasing Managers Index for the industry slid to 56.3, below the median estimate of economists for a reading of 57.9. Still, that pace of expansion left the quarterly average at the highest since early 2014. The survey showed that growth in output, new orders and employment slowed...

Growth in China's manufacturing sector unexpectedly picked up to a four-month high in December as factories cranked up production to meet a surge in new orders, a private business survey showed on Tuesday. The reading suggested surprising resilience in the world's second-largest economy at the end of the year, though it was somewhat at odds with a much larger official survey on Sunday that...

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