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    Thread: UK Recovery Watch


    1. #21

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      U.K. Services Increase Most Since 2002 on Weather Rebound

      March 30 (Bloomberg) -- Britainís services companies grew the most in almost nine years in January as hotels and restaurants recovered after the coldest December in a century.
      Services, which account for about three quarters of the economy, rose 1.3 from the previous month, when they shrank 1.1 percent, the Office for National Statistics said in London today. The January increase, the biggest since July 2002, is a ďbouncebackĒ after cold weather, the statistics office said.
      http://www.businessweek.com/news/201...r-rebound.html
      it happens a lot everywhere in the world...

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    3. #22

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      Couple of snippets of news for the UK recovery watch.

      House prices were up 0.5% in March and 0.6% for the quarter.

      The average price of a house is now £164,751, compared with £161,183 in February.

      These results means that average house prices are now 0.1% higher than a year ago – confirming the general impression that the market remains rather flat.



      “Prices have now increased, albeit modestly, in three of the past four months,” said Robert Gardner, Nationwide's Chief Economist.


      Elsewhere

      The services sector recovered somewhat in January, growing by 1.3% compared with January, according to the Office for National Statistics (ONS).

      The sector shrank by 1.1% in December, so the revival was all the more striking. The monthly rise was the biggest since July 2002.

      Hotels and restaurants showed the strongest performance in February, with output increasing by 4.4%. Transport, storage and communications increased by 1.7%, and business and financial services grew by 1.4%.



      "Given the dominant role of the services sector, this is a significant boost to hopes that the economy has achieved a decent bounce back in growth," said Howard Archer of IHS Global Insight.

      "We currently forecast GDP to grow by 0.7% in the first quarter."
      Aldo likes this.

    4. #23

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      Quote Originally Posted by RobWilliams View Post

      The average price of a house is now £164,751, compared with £161,183 in February.

      These results means that average house prices are now 0.1% higher than a year ago – confirming the general impression that the market remains rather flat.
      or some might say "steady"
      it happens a lot everywhere in the world...

    5. #24

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      ophidian is on a distinguished road
      Glass half full or half empty

    6. #25

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      Quote Originally Posted by Aldo View Post
      or some might say "steady"
      steady decline

    7. #26

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      Quote Originally Posted by peacock View Post
      steady decline
      OK if it makes you feel better
      ophidian likes this.
      it happens a lot everywhere in the world...

    8. #27

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      :yes:
      Quote Originally Posted by Aldo View Post
      OK if it makes you feel better

      Just wanted to see if youve gonr to bed yet

    9. #28

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      er OK, kind of creepy though
      it happens a lot everywhere in the world...

    10. #29

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      Quote Originally Posted by Aldo View Post
      er OK, kind of creepy though
      well of topic now

    11. #30

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      CBP chairman Adrian Clark, of Legal & General, said: “Clearly, announcements like this demonstrate that the capital is important to Wales and set a visionary agenda as such an investment provides long-term aspirations and careers for young people who want to stay in Wales and build a progressive economy.

      Read More http://www.walesonline.co.uk/news/wa...#ixzz1IRR7MpUB

      Marks & Spencer back in Paris after 10 years away

      Almost ten years to the day after it alienated millions of loyal customers by closing all 38 of its shops on mainland Europe, Marks & Spencer announced a bold plan to retake Paris with a series of stores and a French website.
      http://www.telegraph.co.uk/finance/n...ears-away.html

      Over half (58%) of UK small businesses feel positive about how their business will fare over the next six months, according to a national survey of 2,019 small business owners released today by T-Mobile.
      The positive findings reveal how the UK’s small businesses are optimistic about the future, with many prepared to make changes to their services and take their companies in new directions to ensure success. One in three is considering developing new products/services (31%) or expanding within the UK (30%) to grow the business. One in ten (11%) small business owners also see international expansion as key to spurring growth and 55% believe they are in a stronger place to succeed than a year ago.
      http://www.is4profit.com/small-busin...-optimism.html




      Last edited by Aldo; 03-04-2011 at 07:23 AM. Reason: more good news
      it happens a lot everywhere in the world...

     

     
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