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Eurozone Industrial Production Growth Exceeds Expectations BRUSSELS (dpa-AFX) - Eurozone industrial production grew more than expected in January, data from Eurostat revealed on Friday. Industrial production grew 0.8 percent on month, reversing a slight 0.1 percent drop in December. This was faster than the expected growth of 0.2 percent. On a yearly basis, industrial output gained 0.1 percent, in contrast to December s 0.2 percent fall and a 2.4 percent drop expected by economists. Data showed that durable and non-durable consumer goods output grew 0.8 percent and 0.6 percent, respectively. At the same time, energy and capital goods output grew 0.4 percent, each. Production of intermediate goods was up 0.3 percent. ....
Britons Inflation Expectations Remain Unchanged: BoE/Kantar Survey LONDON (dpa-AFX) - Britons inflation expectations for the coming year remained unchanged, the quarterly Bank of England/Kantar Inflation Attitudes Survey showed on Friday. Inflation for the coming year was seen at 2.7 percent, unchanged from the November survey. At the same time, inflation expectations for the twelve months after that rose marginally to 2.2 percent from 2.1 percent. The 5-year ahead inflation expectation was unchanged at 2.9 percent. The survey showed that respondents assessing the current inflation target as about right rose to 44 percent from 40 percent in November 2020. The proportions saying the target was too high or too low were 29 percent and 11 percent, respectively. ....
New home sales in the three months to February trumped last year’s figures by 60.5 per cent, as the government’s celebrated HomeBuilder programme considerably upped demand for detached housing. One state, however, far exceeded the rest. ....
Covid 19 coronavirus: Stronger recovery - OECD lifts world economic outlook 10 Mar, 2021 04:37 AM 4 minutes to read The OECD warned of downside risk if international conflict slows the vaccine roll-out. Photo / AP The Organisation for Economic Co-operation and Development (OECD) has boosted expectations for a global recovery in 2021, citing the global vaccine roll-out and the enormous US stimulus package. The OECD now forecasts global economic growth of 5.6 per cent for the year, up from a forecast of 4.2 per cent in December. Global economic prospects have improved markedly in recent months, helped by the gradual deployment of effective vaccines, announcements of additional fiscal support in some countries, and signs that economies are coping better with measures to suppress the virus, the OECD s March Economic Outlook report says. ....
1 H1 Financial highlights • Net revenue from Continuing Operations of £64.1m; down 10% compared to H1 of the prior year including acquisitions. Returned to growth Q2 over Q1. LIKE- FOR- • Record backlog entering H2 • Adjusted profit before tax from Continuing Operations of £2.9m; does not include £3.6m of US government PPP loan forgiveness now expected in H2. This compares to £4.8m of adjusted profit before tax in H1 2020 • Total profit before tax from Continuing Operations of £0.0m (H120 loss: £5.9 million) includes gain of £5.2 million from sale of Hive and Pragma and amortisation of intangibles £4.9m (H1 2020: amortisation of intangibles £4.8m) • Net debt £22.5m (31 January 2020: £39.5m and 31 July 2020: £31.6m), representing a net debt to Adjusted EBITDA ratio of 1.6x ....