|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 ECONOMY The economy grew at its fastest pace for more than a year last month. The January purchasing managers index for services, which complements data from manufacturing and construction, was better than expected and helped to lift the pound. The index hit 55.6 up from 55.5 and above forecasts for 55.4. Any reading above 50 indicates growth. With all three indices now published, analysts estimated that the economy grew above 0.6%, just above average. If the trend continues until March, it will be the best quarterly performance since the end of 2014.
BUILDING BRICKS A shortage of bricks compounded the problems being faced by builders as construction industry activity slumped to its slowest in nine months. Januarys purchasing managers index for construction dropped to 55 last month, from 57.8 in December. Although comfortably above the 50 mark that indicates growth, it was the lowest figure since April. The PMI report showed pessimism across the industry, with builders less upbeat about their prospects than at any time since 2014.
UK MANUFACTURING The domestic economy was the driver behind an acceleration in UK manufacturing growth at start of the year. Despite global market volatility and flooding in northern England the manufacturing PMI survey for the UK improved to a three month high of 52.9 in January. This was better than expected and a good surprise. However, new export orders continue to disappoint and while the pound has weakened against the Euro, but it has not been enough to help orders. In a further sign of confidence, it seems consumers were less reliant on credit cards to fund Christmas. BBA lending figures showed that amount spent on credit cards in December declined compared to 2014.
BUSINESS CONFIDENCE Confidence among UK Businesses has declined on the back of global economic data. The ICAEW/Grant Thornton UK Business Confidence Monitor stands at +11.4 in the first quarter, down from +15.6 last quarter and lower than the high of +32.3 two years ago. The decline points to modest GDP growth in the first quarter of 0.4%, said the survey. The number of companies operating below capacity has risen with growth forecast to slow.
CONSTRUCTION PICK UP A rebound in commercial work and signs that Britains housing market is starting to heat up again boosted output in the construction sector at the end of last year. The Markit/CIPS construction purchasing managers index jumped to 57.8 in December, up from a seven month low of 55.3 in November.Any mark above 50 signals growth and the latest rise was driven by the second fastest increase in new work since July .