Archive for March, 2011

UK economy will remain sluggish

Tuesday, March 8th, 2011

GDP growth in the UK will be just 1.2 per cent in 2011, according to the Institute of Directors’ latest economic outlook. This is unchanged from the institute’s previous quarterly forecast in November 2010.

In its latest UK economic outlook published today, the Institute of Directors forecasts UK GDP growth will be just 1.2 per cent in 2011.


Construction hits eight-month high

Thursday, March 3rd, 2011

The construction industry jumped to an eight-month high in February, according to the latest Markit/CIPS Purchasing Managers’ Index (PMI). The figures have boosted hopes that the UK economy will return to growth.

The survey of the construction sector, where a reading above 50 indicates growth – has risen from 53.7 in January to 56.5 in February.