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The prognosis for the UK’s economic recovery was given a welcome fillip by two lots of unexpectedly good supply side data.
First of all, the services sector survey for July indicated that the business activity is growing at the fastest rate for 17 months. The Purchasing Managers’ Index indicated that new business is at a sixteen-month [...]

There were signs that the economy had turned a corner after a leading think-tank declared the recession over a number of big-money deals boosted sentiment. However, there were also some stark reminders that business was not out of the woods yet.
The National Institute of Economic and Social Research said that it believed that the worst [...]

Over the past few days, the City has echoed to the sound of frantic scribbling as economists have scrambled to update their forecasts on everything from growth to gold. On the whole, the updates have been upbeat. The recent run of more encouraged this week with news of an increase in industrial production in April, [...]

Some hope for those looking for signs of recovery in the economy. A snapshot survey by Thomson Reuters of 27 sell-side traders found 52% are bullish on shares over the next 12 months. More than 40% believe that the markets have bottomed out with a further third predicting that it will bottom this year.
Another survey [...]

It comes on the back of data this week which suggests the UK economy may be showing signs of improvement. The Centre for Economics and Business Research said mortgage approvals in the UK could start to increase in the summer.
However, despite of these good signs of improvement, the current economic condition remains tough for many [...]

After influential organisations and investors announced that there were clear signs of economic recovery, hopes are mouting that the worst of the recession is over.
The organisation for Economic Co-operation and Development said there were indications that UK was experiencing a pause in the economic slowdown. There are signs that the worst of the global recession [...]

According to leading experts, the economic downturn in the UK is showing signs of easing.
Organisation for Economic Development predicts that the situation in big exporting nations such as the US, Japan, Germany and Russia is worse than for the UK. OED’s index of leading indicators for UK showed only a small dip in February. In [...]