News And Announcements
UK private sector returns to growth
The UK private sector returned to growth in February, according to a survey released on Tuesday.
Eurozone business growth hits nine-month high
Business growth in the eurozone hit a nine-month high in February, according to a preliminary reading released on Tuesday.
UK government runs budget surplus in January
The UK government unexpectedly recorded a budget surplus in January as self-assessment income tax receipts surged, according to data released on Tuesday by the Office for National Statistics.
China leaves rates unchanged in line with expectations
The People’s Bank of China left its 1-year loan prime rate unchanged for February at 3. 65%, the central bank said on Monday.
Eurozone construction output falls in December
Eurozone construction output fell in December, mainly due to a sharp slump in Germany, according to data released on Monday by Eurostat.
Nearly 15,000 retail jobs lost in 'brutal' start to the year
Nearly 15,000 jobs have been lost in retail so far this year in the UK, according to industry research published on Monday.
UK house prices steady in February - Rightmove
UK house prices were flat in February, according to the latest survey from property website Rightmove released on Monday.
Retail sales unexpectedly rise in January
UK retail sales unexpectedly rose in January but the outlook remains weak overall, according to figures released on Friday by the Office for National Statistics.
FTSE 100 breaches 8,000 for first time
London’s FTSE 100 breached the 8,000 mark for the first time on Wednesday, thanks in part to a weaker pound.
UK house price growth eases in December - ONS
Average UK house price growth eased in the year to December 2022, according to figures released on Wednesday by the Official for National Statistics.
UK inflation eases more than expected in January
UK consumer price inflation eased more than expected in January, according to figures released on Wednesday by the Office for National Statistics.
FCA raids and inspects suspected illegal crypto ATMs
The Financial Conduct Authority (FCA) announced a crackdown on cryptocurrency vending machines on Monday, reporting that it had entered and inspected a number of sites around Leeds suspected of hosting illegally-operated crypto ATMs.
UK regular pay rises at fastest rate seen outside of pandemic
Regular pay in the UK grew more than expected in the final three months of last year, but real pay kept falling, according to data released on Tuesday by the Office for National Statistics.
UK city-centre retail footfall up after train strikes
UK city-centre retail footfall rose last week as employees returned to offices following train strikes the week previous, according to a weekly survey.
EU economy to avoid recession this year, says European Commission
The European Commission lifted its growth forecasts on Monday as it said the European Union and the eurozone were set to "narrowly avoid" a technical recession this year.
Rail union to recommend pay offer - report
Britain is reportedly nearing a breakthrough with a major rail union in an attempt to end persistent train strikes that started last summer.
Russia to cut oil output by 500,000 barrels a day
Russia said on Friday that it will oil production by 500,000 barrels a day next month in retaliation against Western sanctions over the war in Ukraine.
UK trade deficit widens
The UK trade deficit widened sharply in December, official data showed on Friday, following a spike in gas prices.
UK narrowly avoids technical recession
The UK has narrowly avoided recession, official data showed on Friday, after the economy stagnated in the last quarter of 2022.
China CPI ticks higher in January
Consumer price inflation in China ticked up in January as the country reopened after more than two years of Covid restrictions, according to figures released on Friday by the National Bureau of Statistics.