News And Announcements
UK house prices push higher - Rightmove
House prices strengthened in February, industry data showed on Monday, as mortgage rates continued to fall.
UK retail sales rally in January, beat expectations
UK retail sales rebounded sharply in January, official data showed on Friday, reversing December’s slide.
European Commission trims growth forecasts
Brussels downgraded growth forecasts for the Eurozone on Thursday, as higher interest rates continue to weigh heavily.
UK falls into technical recession - ONS
The UK fell into recession at the end of 2023, official data showed on Thursday, after a bigger-than-expected contraction in GDP in the fourth quarter.
UK house prices ease in December - ONS
UK house prices fell in December, official data showed on Wednesday, although the rate of decline slowed notably.
Eurozone avoids technical recession as flat Q4 GDP reading confirmed
The eurozone managed to avoid a technical recession in the final three months of last year as the bloc's stagnant GDP data was confirmed.
Train drivers extend strike mandate for another six months
Train drivers at five major railway companies, including Chiltern, c2c, East Midlands, Northern, and TransPennine railways, have extended their strike action for another six months, trade union Aslef announced on Wednesday.
UK inflation holds steady at 4%
UK inflation remained unchanged in January, official data showed on Wednesday, coming in narrowly better than forecast.
Eurozone industrial output rises unexpectedly, employment holds steady
Eurozone manufacturing rose unexpectedly in December, according to fresh data released on Wednesday, suggesting a revitalisation of industrial output alongside stable employment growth.
German sentiment jumps despite economic gloom - ZEW
Economic sentiment strengthened in Germany this month, a closely-watched survey showed on Tuesday, despite the country’s economy continuing to struggle.
UK unemployment rate eases to 3.8%
The UK unemployment rate eased at the end of last year, official data showed on Tuesday, while average earnings continued to rise.
BoE's Haskel calls for more evidence inflation is under control
The Bank of England’s Jonathan Haskel warned on Friday more evidence that inflation was under control was needed before he would vote in favour of cutting interest rates.
Homeowner mortgage arrears climb 7% in fourth quarter
The number of UK mortgages in arrears increased by 7% in the fourth quarter of 2023, though the number houses taken into possession fell sharply.
Housing market buoyed as hopes grow for rate cut - Rics
The UK housing market continued to stabilise in January, industry research showed on Thursday, as hopes of a cut in interest rates boosted the outlook.
Halifax house prices rise for fourth month in a row - Halifax
UK house prices rose in January for the fourth month in a row as mortgage rates fell, according to figures released on Wednesday by Halifax.
UK construction sector remains in contraction; business optimism at two-year high
The UK construction sector remained in contraction territory in January, but business optimism hit a two-year high amid expectations of rate cuts, according to a survey released on Tuesday.
German factory orders unexpectedly rise in December
German factory orders unexpectedly rose in December, according to data released by Destatis on Tuesday.
UK retail sales growth slows to 17-month low in January, BRC data shows
The annual rate of UK retail sales growth slowed to its lowest level in 17 months in January as non-food sales dropped despite an easing of inflationary price pressures.
OECD lifts global growth forecasts for 2024
The Organization for Economic Cooperation and Development (OECD) has lifted its outlook for global growth this year by 0. 2 percentage points.
UK services growth hits eight-month high in January
The UK services sector grew in January at its fastest pace in eight months, according to a survey released on Monday.