Equifax hacked!

Equifax hacked! Equifax has reported that the company suffered a data breach affecting 143 million US clients. Apparently some UK customers were also compromised. In a report Equifax said that birth dates, addresses and US social security numbers had been stolen. Advice Be aware! If you have used ever used …


US data reduces chance of early rate rise

US data reduces chance of early rate rise Recent data released from the Commerce Department shows US consumer spending rose less than expected in July. Inflation increased at its slowest rate since 2015. Investors expectations are that the Federal Reserve may delay raising interest rates until December 2017. Will they, …


UK Economic growth slows

UK Economic growth slows UK Economic growth slows as latest data suggests UK economic growth appears to remain sluggish. With the backdrop of a weaker pound and improving global growth its somewhat surprising exporters aren’t doing better than this data suggests. The service sector also appears to have slowed. Consumer …


UK construction growth falls

UK construction growth falls Latest construction survey data of purchasing managers out today (02/08/17) from IHS Market/CIPS show UK construction sector growth fell below analysts expectations. IHS Market/CIPS index fell from 54.8 in June to 51.9 in July. PMI data for the service sector due on Thursday 3rd August 2017


Weak UK economic data reported

Weak UK economic data reported The Office for National Statistics (ONS) has been busy with their data releases this morning. Three sets of data reported… (1) The UK’s trade deficit widens in May. The deficit for goods and services increased by £1 billion to £3.1 billion according to the ONS. …


UK & US Manufacturing Data

UK & US Manufacturing Data US data Reports show that US manufacturing data came in better-than-expected for June lifting the DOW to a new intra-day high. Manufacturing PMI’s (Purchasing Managers’ Index) – are accepted as a good gauge to judge economic growth. So the US, in general, surges on. Presumably, …