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EKONOMI INGGRIS

UK Inflation Stronger Than Expected on Higher Fuel Prices
Wednesday, 17 April 2024 20:00 WIB | Economy

UK inflation slowed less than expected last month, underscoring the reluctance of some Bank of England officials to begin cutting interest rates. Consumer prices rose 3.2% in March compared with a year earlier, down from 3.4% in February, the Office for National Statistics said Wednesday....

UK Unemployment Rate Climbs to 4.2% in Quarter to February vs. 4.0% Expected
Tuesday, 16 April 2024 20:07 WIB | Economy

The United Kingdom’s (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data published by the Office for National Statistics (ONS) showed Tuesday. The reading missed the market expectations of a 4.0% print. Additional details of...

UK Economy Grows for Second Month After Mild Recession Last Year
Friday, 12 April 2024 20:09 WIB | Economy

The UK economy grew for a second month in February, suggesting a recovery from recession is now well under way. Gross domestic product rose 0.1% from January, the Office for National Statistic said Friday, in line with the gain forecast by economists. January’s figure was revised up to show...

UK Retail Sales Were Stronger Than Expected at Start of the Year
Friday, 22 March 2024 21:13 WIB | Economy

UK retail sales were stronger than expected in the first two months of the year as wet weather prompted consumers to buy clothing and more goods from Internet stores. The volume of goods sold in shops and online was unchanged last month after a 3.6% gain in January, which was revised up...

UK Businesses Keep up Recovery but Prices Still a Worry, PMI Shows
Thursday, 21 March 2024 23:32 WIB | Economy

British businesses kept up their recovery from recession this month but stubborn price pressures could bolster the Bank of England's wait-and-see approach to interest rates, a survey showed Thursday. Closely watched by the BoE ahead of its 1200 GMT interest rate decision, the S&P Global...

UK Inflation Rate Eases to Slowest Pace in More Than Two Years
Wednesday, 20 March 2024 21:00 WIB | Economy

Britain’s inflation rate fell more sharply than expected to the lowest level in 2 1/2 years, keeping the Bank of England on track to reduce interest rates later this year. The Consumer Prices Index rose 3.4% in February from a year earlier, slower than the 4% pace the month before, the...

UK Economy Grows by 0.2% in January
Wednesday, 13 March 2024 21:01 WIB | Economy

Britain's economic output grew by an as expected 0.2% in January, after entering a shallow recession in the second half of 2023, figures from the Office for National Statistics showed on Wednesday. Economists polled by Reuters had forecast a 0.2% month-on-month expansion of gross domestic product...

UK Unemployment Rate Rises to 3.9% in Quarter to January vs. 3.8% Expected
Tuesday, 12 March 2024 21:02 WIB | Economy

The United Kingdom’s (UK) ILO Unemployment Rate rose to 3.9% in three months to January, a tad higher than the 3.8% in December, data published by the Office for National Statistics (ONS) showed Tuesday. The market expectations were for a 3.8% print in the reported period. Additional details of...

UK Growth Forecasts Up Slightly at 0.8% This Year
Thursday, 7 March 2024 03:26 WIB | Economy

The Office for Budget Responsibility (OBR) has only slightly upped its forecast for the economy’s prospects in 2024, following the news that Britain had entered a recession coming into this year.  The UK’s fiscal watchdog now expects UK gross domestic product to rise by 0.8% in 2024,...

UK Preliminary Services PMI Steadies at 54.3 in February vs. 54.1 Expected
Thursday, 22 February 2024 23:45 WIB | Economy

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) improved slightly from 47.0 in January to 47.1 in February, below the market consensus of 47.5. Meanwhile, the Preliminary UK Services Business Activity Index stayed unchanged at 54.3 in February,...

UK Retail Sales Rise More Than Forecast as Economy Stabilizes
Friday, 16 February 2024 21:00 WIB | Economy

UK retail sales posted the biggest monthly rise in almost three years, adding to hopes that the economy has stabilized after slipping into recession last year. The volume of goods sold in stores and online gained 3.4% in January, the most since April 2021 when the economy was emerging...

UK Fell Into Technical Recession in Second Half of Last Year
Thursday, 15 February 2024 21:00 WIB | Economy

The UK slipped into a shallow recession in the second half of 2023, undercutting Prime Minister Rishi Sunak’s claim to be growing the economy in the run-up to a general election. Gross domestic product fell 0.3% in the fourth quarter, more than the 0.1% drop economists forecast, Office for...

UK Inflation Holds Steady at 4%, Lower Than Expected
Wednesday, 14 February 2024 20:58 WIB | Economy

U.K. inflation held steady at 4% year-on-year in January, below expectations for a slight increase. Month-on-month, the headline consumer price index fell to -0.6%, returning to negative territory after December's surprise increase by 0.4% on the month and 4% annually. Economists polled by...

UK Unemployment Rate Drops to 3.8% in Quarter to December vs. 4.0% Expected
Tuesday, 13 February 2024 21:05 WIB | Economy

The United Kingdom’s (UK) ILO Unemployment Rate dropped to 3.8% in three months to December, compared to 4.2% in November, data published by the Office for National Statistics (ONS) showed Tuesday. The market forecast was for a 4.0% print in the reported period. Additional details of the report...

UK S&P Global/CIPS Composite PMI rises to 52.5 in January vs. 52.2 expected
Wednesday, 24 January 2024 23:31 WIB | Economy

Economic activity in the UK's private sector continued to expand at an accelerating pace in January, with S&P Global/CIPS Composite PMI rising to 52.5 in January's flash estimate from 52.1 in December. This print came in above the market consensus of 52.2. S&P Global/CIPS Manufacturing...

UK Retail Sales Drop 3.2% Mom In December Vs. -0.5% Expected
Friday, 19 January 2024 20:53 WIB | Economy

The UK Retail Sales tumbled 3.2% over the month in December vs. -0.5% expected and 1.4% booked in November, according to the official data published by the Office for National Statistics (ONS) on Friday. The Core Retail Sales, stripping the auto motor fuel sales, dropped 3.3% MoM vs. -0.6%...

UK Unemployment Rate Steadies At 4.2% In Quarter To November, As Expected
Tuesday, 16 January 2024 20:55 WIB | Economy

The United Kingdom’s (UK) ILO Unemployment Rate remained intact at 4.2% in three months to November, data published by the Office for National Statistics (ONS) showed Tuesday. The market expected a 4.2% reading in the November quarter. Additional details of the report showed that the number of...

UK Economy Gains in November, Leaving Open Risk of Recession
Friday, 12 January 2024 21:07 WIB | Economy

The UK economy enjoyed a modest rebound in November, leaving the prospect of a technical recession on a knife edge. Gross domestic product rose 0.3% in November, bouncing back from a drop of the same scale in October, the Office for National Statistics said Friday. Economists had expected a 0.2%...

Perekonomian Inggris Mengalami kontraksi sebesar 0,1% di Q3
Friday, 22 December 2023 21:03 WIB | Economy

Britain's economy contracted by 0.1% in the third quarter of 2023, according to updated official figures. The Office for National Statistics had previously estimated that gross domestic product was flat in the July-to-September period compared with the previous three months. Economists polled by...

UK Services Firms Report Another Pick-Up in December
Friday, 15 December 2023 23:34 WIB | Economy

Companies in Britain's huge services sector saw another pick-up in growth this month, suggesting that the economy has just enough momentum to avoid a recession for now at least, a survey showed on Friday. The S&P Global/CIPS UK Composite Purchasing Managers' Index (PMI) - spanning services...


Market Review Wednesday, April 17, 2024
Thursday, 18 April 2024 03:20 WIB

Nikkei Japanese stocks fell, marking their biggest three-day drop since October, as investors continued to be on watch for any risk of currency...

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S&P 500 And Nasdaq Close Lower For A Fourth Straight Day As Nvidia Shares Slide
Thursday, 18 April 2024 03:14 WIB

The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward pressure on the...

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S&P 500 rises on Wednesday as it tries to snap a 3-day losing streak
Wednesday, 17 April 2024 20:44 WIB

U.S. stocks rose Wednesday after the S&P 500 notched its third straight day of losses, as the corporate earnings season ramped up. The broad...

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UK Inflation Stronger Than Expected on Higher Fuel Prices
Wednesday, 17 April 2024 13:18 WIB

UK inflation slowed less than expected last month, underscoring the reluctance of some Bank of England officials to begin cutting interest...

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