|Welcome to Anglian Commercial Finance website - one stop shop for the financial activity of your business.|
|Anglian Commercial Finance is a one stop shop for the financial activity of your business.
We specialise in responding to the needs of small to medium sized businesses.
We can help you protect and grow your business using our individually tailored financial services to suit your particular needs, cost effectively and efficiently.
ACF works with you to understand your business and your customer expectations.
Anglian Commercial Finance a trading arm of Nationwide Debt Solutions Limited registered in England No3895407
Created and Maintained by Aztech Business Systems Ltd.
|UK MANUFACTURING Factories bounced back to life last month amid surging domestic and overseas orders, raising hopes of an economic pick-up and sparking speculation of an early interest rate rise. Manufacturing has dropped back into recession this year, its third in a decade, and dragged the recovery back-wards, so signs of a marked improvement were welcome. Ruth Miller, UK economist at Capital Economics said "the survey offers some hope that the manufacturing sector may now have passed the worst". Markit, the compiler of the index, claimed that "the survey is consistent with a quarterly rate of growth of around 1%", although there are still to more months of the quarter to measure. Growth in the three months to September was a disappointing 0.5%.
FACTORY ORDERS Factory orders have suffered their biggest quarterly fall in three years as a subdued home market compounded the impact of weaker exports, according to the CBI. The CBIs quarterly industrial order book balance fell to -8 over the three months to October, with 22% of businesses reporting an increase in total new order books against 30% reporting a decline. That is down sharply on a balance of +9 in July. The poor performance was the result of exports getting even worse and domestic orders falling for the first time in two and a half years. New export orders fell to -17, its weakest in three years.
UNEMPLOYMENT Unemployment has fallen to a fresh seven year low, and the proportion of working age people with jobs has soared to a record high. Official figures for the three months to August show that the unemployment rate dropped to 5.4% from 5.5% in the three months to July.
HOUSE PRICES House prices fell by nearly 1% in September from a month earlier, representing the biggest drop in more that a year, according to the latest Halifax survey. However, Halifax said the strengthening demand in housing suggested that the dip was temporary.
CONSTRUCTION Latest construction data shows that the sustained recovery of the industry accelerated in September as growth hit its fastest rate in six months. The Markit/CIPS construction Purchasing Managers Index rose to 59.9 last month, which was the strongest number since February. The index had expected to come in at 57.5 but the strength of the new house building market and better hiring levels pushed it above expectations. The building industry is enjoying its longest period of growth for more than seven years. Healthy activity has pushed the dial into positive territory for the 7th consecutive month. House building was the star of September, with activity the strongest for 12 months.