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The UK Economy: Jobs Market in Rude Health as Wages Surprise and Unemployment Falls

  • Written by James Skinner

The UK jobs market remained in rude health during July, Office for National Statistics figures revealed on Tuesday, as the domestic economy appeared to weather the calamitous Brexit saga and infighting in parliament as well as global turmoil caused by the U.S.-China trade war. 

Read more: The UK Economy: Jobs Market in Rude Health as Wages Surprise and Unemployment Falls

UK Recession Fears to Fade after Growth Accelerates in July, with Brexit Stockpilers in Driving Seat

  • Written by James Skinner

The UK could be on course to avoid a 'technical recession', forecasters suggested on Monday, after Office for National Statistics (ONS) data revealed a sharp rebound in growth during July that bodes well for the economy in the third quarter. 

Read more: UK Recession Fears to Fade after Growth Accelerates in July, with Brexit Stockpilers in Driving Seat

UK Manufacturers Struggle in August as Trade War and Brexit Take Toll  

  • Written by James Skinner

The UK manufacturing sector saw its fourth consecutive month of contraction in August, according to IHS Markit, as the U.S.-China trade war and the ongoing Brexit saga both took their toll on industrial firms midway through what is a make-or-break quarter for the economy. 

Read more: UK Manufacturers Struggle in August as Trade War and Brexit Take Toll  

The UK Services Sector Struggled in August but Economic Rebound Still Seen in Third-quarter

  • Written by James Skinner

The UK's  largest economic sector was left treading water in August amid heightened uncertainty over the outcome of the Brexit process, the latest IHS Markit Services PMI showed Wednesday, delivering a further blow an economy that was already under threat from a possible 'technical recession' that some forecasters still say will be avoided.

Read more: The UK Services Sector Struggled in August but Economic Rebound Still Seen in Third-quarter

UK Budget Surplus Lower than Expected in July as Multiple Threats to Public Finances Loom on Horizon

  • Written by James Skinner

UK government borrowing fell less than was expected by the market during July, leading overall borrowing for the current financial year to rise by a touch and drawing a line under the previous financial year, which had seen the government's need for cash fall to its lowest level in nearly two decades.

Read more: UK Budget Surplus Lower than Expected in July as Multiple Threats to Public Finances Loom on Horizon

Construction PMI Paints Bleak Picture of Economy but Rebound Still Tipped for Third-quarter

  • Written by James Skinner

The outlook for the economy in the third quarter darkened on Tuesday if the IHS Markit construction and manufacturing industry PMI surveys are to be believed, with output from both sectors having fallen in line with the increase in 'no deal' Brexit risk, although some still see growth rebounding during the three months to the end of September.

Read more: Construction PMI Paints Bleak Picture of Economy but Rebound Still Tipped for Third-quarter

The UK Economy: CBI Report of August Stabilisation in Manufacturing Argues for Quarterly Growth Pickup 

  • Written by James Skinner

The UK manufacturing sector saw output stabilise in August after a multi-month period of declines that saw it subtract notably from economic growth, which was negative in the second-quarter, reinforcing forecasts from some economists that growth should rebound in the current quarter. 

Read more: The UK Economy: CBI Report of August Stabilisation in Manufacturing Argues for Quarterly Growth...

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