The City

Tracking the UK’s economic recovery through the lens of six indicators

The UK economy suffered one of its worst economic declines on record in the second quarter, as the government announced a countrywide lockdown on 23rd March 2020 that shuttered businesses and schools across the country. A few days before lockdown began, the Bank of England convened an emergency meeting where the committee unanimously voted to

UK Manufacturing PMI returns to growth

IHS Markit’s manufacturing PMI released yesterday showed growth in manufacturing activity on the prior month for the first time since the pandemic began. The reading came in at 50.1 indicating a very slight expansion, but nevertheless marked improvement on May’s dire reading of 40.7. The manufacturing output index came in even higher at 50.8, which