Thanks to the efforts of Central Banks and Governments around the world in the form of massive interest rate cuts, quantitative easing and huge fiscal stimulus packages economic activity has finally pulled out of the nosedive that it spiralled into.

There has been a significant pick-up in global purchasing managers’ indices as companies start to replenish their depleted stocks.  There has also been a rise in business and consumer confidence.  Credit markets are beginning to thaw and there is evidence of a return to banking profitability along with stabilisation in house prices on both sides of the Atlantic. (more…)

The UK jobs market is starting to show signs of recovery, according to a survey of recruitment agencies. The monthly research from KPMG and the Recruitment and Employment Confederation found “marginal increases” in appointments in August.

“This is first time we have seen really positive news for the UK jobs market in 17 months,” the report said.

The Jenrick Group was in agreement with these findings, having also seen an upturn in the number of new vacancies being advertised for. (more…)

If you haven’t had the opportunity to catch up with the Telegraph this morning, then here is an article they published with reference to a continued upturn in the UK economy. . . .

UK consumer confidence has reached its highest level in more than a year amid fresh evidence that the economy is pulling out of the worst recession in decades.

An index of sentiment jumped to 63 last month, the highest level since May 2008, from 61 in July, according to the latest survey from the Nationwide Building Society. (more…)