Reuters - Video

EDITION: U.S. | U.K. | IN

Finance Videos

Surprise services boost points to UK recovery

Wednesday, Apr 04, 2012 - 02:54

April 4 - Sterling jumps after an unexpected rise in the UK services PMI shows the recovery taking hold.

▲ Hide Transcript

View Transcript

55 point three that's the reading for the UK services PMI from ought to almost two full points about the 53 point four. Expected by economists in Reuters poll more evidence than. And the recovery taking hold in Branson. With me is Chris Williamson chief economist at -- data compiled as market. Chris this is a good number what does -- say if -- -- GDP. This is very good. Them again when we're looking at GDP growth quote unquote fiscal quarter probably around point 5% may be strong stuff what was driving this. Well there's just been in general attending business we've seen earlier in the week that we've got manufacturing ticking along at a reasonable pace construction. A -- -- -- says that might use the web all of you contracts coming in. An opening in the service takes it seems fairly April place and some financial services and growth haven't and McCain. I would go business to business that is growing quite nicely -- what if anything -- -- massive sect that still very much under pressure but the business sector is driving growth and -- And the expectations. Come. It does is is the highest it's been -- a year. Which would suggest there isn't a slowdown necessarily count. Now there's there's good signals for the second quarter we're gonna see some ongoing growth had the big uncertainty of course is to be addicted to jubilee. Which we know you could depress GDP you've got my point 5%. So if we are taking -- longer an underlying -- about point five said that there is a risk that does not impact could johnsons another contraction again in the second quarter besides the temperate. Had a nice little blip up in -- just now I don't. If you you make this points from. That deep confidence going forward is encouraging businesses. Sent to hire more people the employment component is up -- lost. Well hopefully yes -- -- based on confidence isn't it if if companies have some transparency. About the outlook that there is great -- the year ahead. Then they'll take more stuff to me that this is great and that's actually what was saying that's business confidence the last two months free yeah that you're with -- sustaining it and it wasn't just to take up and in February it's how old. So this is very good things to worry about inflation. Had not seen much -- -- in them so will we we had Inco prosper suggested coming down. In this one so. While we do have oil which is pushing up input costs insecticide -- forward to see an increase in of the -- is it's being held down by a couple of -- which is very low wage growth. And also just since you fundamentally or that we're growing it's a very weak trade and it's not strong -- to lead tonight's woman to man who inflation pressures. Okay Chris many -- back Chris Williamson of market. Join us weekdays and eleven GMT for market -- and to what's moving and why I'm -- -- -- this is -- --

Surprise services boost points to UK recovery

Wednesday, Apr 04, 2012 - 02:54

Top News »

Most Popular »

Money »

S&P 500 to new record on improving economy S&P 500 to new record on improving economy

Fri, Aug 29, 2014 - (2:31)

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)