Recent Updates
- Latvia: Labor Force Statistics (Apr)
- UK: CBI Industrial Trends Survey (May)
- Albania: HICP (Apr)
- South Africa: Wholesale Sales, Export & Import Indexes (Mar)
- Iceland: HICP (Apr)
- more updates...
Economy in Brief
U.S. Mortgage Applications Continued to Slide Amid Higher Rates
The biggest declines have been in refinancing activity, while applications for purchase are just starting to crack...
UK Inflation Jumps
Inflation is at the highest rate since the series began in January of 1989...
U.S. Industrial Production Much Stronger than Expected in April
The increase in manufacturing output in April was once again led by motor vehicle and parts production...
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & Fed Policy: A Relationship Which Should Worry The Fed And Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Robert Brusca March 3, 2008
The UK MFG sector rebounded slightly in February although it remains a weak reading for the sector at 52.26. Readings above 50 indicated expansion on this measure. The MFG measure stands in the 61st percentile of its range, a moderately expansionary reading. Construction and services sector are still relatively weaker in their respective ranges but are as yet only available through January, not February.
| MFG, Construction and Services PMI CIPS/NTC | ||||||
|---|---|---|---|---|---|---|
| Monthly readings | Change over: | percentile | ||||
| Feb-08 | Jan-08 | 3MO | 6MO | 12MO | of range | |
| MFG | 51.26 | 50.69 | -2.02 | -4.75 | -3.09 | 61.8 |
| Construction | #N/A | 53.87 | -3.54 | -7.95 | -4.03 | 34.3 |
| Services* | #N/A | 52.46 | -0.62 | -4.56 | -6.76 | 35.8 |
| MFG range since January 1992; Construction Since April 1997 Services Since July 1995. | ||||||
| *Services & construction changes and ranking: Jan-08 which is the most current date. | ||||||
