Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The UK economy rebounded smartly in January, rising by 0.8%, the Office for National Statistics said Friday, far exceeding analysts’ forecasts of a 0.1% gain. That takes output 0.8% above its pre-pandemic level in February 2020.
Service sector output jumped by 0.8%, topping expectations of a 0.2.% gain, accounting for 0.6 percentage points of the total rise. Consumer-facing services were particularly buoyant, with the food and beverage sector rising by 6.8% over December, when large numbers of people were isolating due to the Omicron Covid variant. Manufacturing output jumped by 0.8%, boosted by gains across the board, while total industrial production rose by 0.7%. Production remains 2.0% below pre-pandemic levels.
Construction rose by 1.1%, extending the 2.0% gain recorded in December. Construction output is now 1.4% above the level of February 2020.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.