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Anglian Commercial Finance a trading arm of Nationwide Debt Solutions Limited registered in England No3895407
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UK MANUFACTURING The countrys manufacturing output has reached a seven-month high in the latest sign that the economy is gathering pace after a slowdown towards the end of last year. The Markit/Cips purchasing managers index hit 54.1 in February, up from Januarys 53.1, well above the 50 mark that separates growth from contraction.The servey indicated manufacturing output is growing at a quarterly rate of 0.5%, compared with 0.2% in the final three months of 2014 .HOUSE PRICES Figures from Nationwide showed that house prices fell for the first time in five months in February as the property market slowed more sharply than expected. The raise in home-loan approvals in December had left some economists expecting a pick-up, but house prices came in below the 0.3% rise expected to fall by 0.1% compared with January. On an annual basis, house-price growth slowed for the sixth consecutive month to 5.7%, the slowest growth rate since September 2013.
CONSTRUCTION The Markit/CIPS construction purchasing managers index for January rose to 59.1 from Decembers low of 57.6, well above the 50 mark that signifies growth and ahead of the forecasts of economists who had expected a decline. The latest reading, however, was the second-lowest since September 2013.
UK CONSUMER CONFIDENCE Britain has enjoyed its bigest single month jump in consumer confidence since January last year to move back into positive territory for the first time since August and only the third time in the past decade, according to GfKs survey..
RETAIL SALES Figures from the CBI distibutive trades survey showed that 50% of companies surveyed reported that sales volumes were higher than a year ago. Only 10% said that they were lower. The reading was a fall from the near 27 year high in December, when the balance of 61% of shops reported a sales boost, but better than expected 35% figure.
LATE PAYMENT More than a third of small and medium-sized businesses want larger companies who persistently pay late to be barred from government contracts. Only 9% of 500 SMEs surveyed by BFS said that their debtors were making prompt payments at the end of 2013, compared with one in five in 2009. A separate report by the Forum of Private Business showed that almost a quarter of its members had suffered an increase in late payments over the past year, in stark contrast with 3% who reported a decrease. About 29% have witnessed a rise in the average number of days beyond the deadline that payment is made late.