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UK Economy Grew Faster-Than-Forecast 0.3% in Second Quarter

Thursday, 14 August 2025 19:54 WIB | Economy

The UK economy fared better than expected in the second quarter, bringing some relief for Chancellor of the Exchequer Rachel Reeves but raising the bar to further interest-rate cuts from the Bank of England. Gross domestic product rose 0.3%, the Office for National Statistics said...

UK Retail Sales Rebound on Summer Boost

Friday, 25 July 2025 22:11 WIB | Economy

UK retail sales rose 0.9% month-over-month in June 2025, rebounding from a revised 2.8% drop in the previous month but missing market expectations of a 1.2% gain. It marked the fourth increase so far this year. Food store sales volumes gained 0.7%, reversing a 5.4% decline in May, supported by...

United Kingdom Services PMI

Thursday, 24 July 2025 22:36 WIB | Economy

The S&P Global UK Services PMI fell to 51.2 in July 2025 from 52.8 in June, compared to market forecasts of 53, according to preliminary estimates. Service providers reported that fragile domestic economic conditions and heightened geopolitical uncertainty weighed on sales pipelines. New...

UK Inflation Rises to 3.6%, a 2024 High

Wednesday, 16 July 2025 20:41 WIB | Economy

The annual inflation rate in the UK rose to 3.6% in June 2025, the highest since January 2024, up from 3.4% in May and above expectations that it would remain unchanged. The main upward pressure came from transport prices, which increased by 1.7% (vs 0.7% in May), driven largely by motor fuel...

UK Services Sector Growth Quickens

Monday, 23 June 2025 22:51 WIB | Economy

The S&P Global UK Services PMI rose to 51.3 in June 2025, from 50.9 in May and in line with market estimates, according to flash estimates. The latest data indicated another expansion in the country's services sector that was the strongest in three months. There was a rebound in new business...

UK retail sales record biggest monthly drop since 2023

Friday, 20 June 2025 22:11 WIB | Economy

British retail sales volumes recorded their sharpest drop since December 2023 last month, as demand fell after shoppers splurged on food, summer clothes and home improvements the month before, official figures showed on Friday. Retail sales volumes dropped by 2.7% in May, the Office for National...

UK inflation slows in May but food prices jump

Wednesday, 18 June 2025 22:04 WIB | Economy

British inflation slowed as expected in May, pulled down by air fares which leapt in April and the correction of a tax data error, although food prices shot up at the fastest rate in more than a year. Consumer prices rose in annual terms by 3.4% in May, the Office for National Statistics said on...

British Economy Contracts in April as Services, Production Output Shrink

Thursday, 12 June 2025 22:11 WIB | Economy

The UK economy shrank in April following declines in both the services and production sectors, in a month marked by volatile US tariff announcements and higher local taxes. Britain's monthly gross domestic product fell 0.3% in April after rising 0.2% in March, according to data from the Office...

UK consumers turn a little less gloomy in May, GfK survey shows

Friday, 23 May 2025 14:31 WIB | Economy

Britain’s consumers turned a bit more confident in May, according to a survey published on Friday that might reflect the impact of falling interest rates and an easing of global trade tensions. Market research firm GfK’s consumer confidence index rose to -20 in May from -23 in April, led by more...

UK Private Sector Activity Drops for 2nd Month

Thursday, 22 May 2025 22:57 WIB | Economy

The S&P Global UK Composite PMI rose to 49.4 in May of 2025 from 48.5 in April, aligned with market expectations of 49.3 to reflect the second consecutive contraction in private-sector activity, according to a flash estimate. Activity declined manufacturing (45.1 vs 45.4 in April), reflecting...

UK inflation slows before expected jump from April

Wednesday, 16 April 2025 22:09 WIB | Economy

British inflation slowed to its weakest in three months in March and other measures watched by the Bank of England cooled too, but higher bills and employer costs will pressure prices soon against the backdrop of U.S. President Donald Trump’s trade war. Inflation slowed to an annual rate of 2.6%...

UK finance minister says ’give and take’ needed to avoid US tariffs

Wednesday, 5 March 2025 08:02 WIB | Global economic

Britain’s finance minister said on Tuesday she was hopeful of securing a trade deal with the U.S. to avoid possible trade tariffs, but warned Britain was still likely to be hurt by duties imposed on other countries. Countries worldwide are scrambling to shield themselves from potential tariffs...

UK Composite PMI Edges Lower

Friday, 21 February 2025 23:33 WIB | Economy

The S&P Global UK Composite PMI was at 50.5 in February of 2025, inching lower from 50.6 in the previous month and in line with the market consensus to mark the 16th consecutive period of expansion in the British private sector activity. Economic growth was solely driven by the services...

UK Preliminary GDP rises 0.1% QoQ in Q4 vs. -0.1% expected

Thursday, 13 February 2025 21:00 WIB | Global economic

The UK economy expanded 0.1% QoQ in the three months to December 2024 after showing no growth in the third quarter. The data beat the expected 0.1% decline in the reported period.The UK GDP increased 1.4% year-on-year (YoY) in Q4 vs. 1.1% expected and 0.9% recorded in Q3.The monthly UK GDP arrived...

UK Inflation Steady at 2.2% Leaves Door Open for More Rate Cuts

Wednesday, 18 September 2024 20:21 WIB | Root

UK inflation held at just above the Bank of England’s 2% target in August, leaving the door open to further interest-rate cuts later this year. Consumer prices rose 2.2% from a year earlier, the same pace as in July and undershooting the BOE’s forecast, the Office for...

UK Economy Flatlines Again in July, Below Expectations

Wednesday, 11 September 2024 21:10 WIB | Root

The U.K. economy continued to flatline in July on a month-on-month basis, flash figures published from the Office for National Statistics showed Wednesday. Gross domestic product (GDP) came in below the expectations of economists polled by Reuters, who had forecast growth of 0.2%. The country...

Upswing in UK Business Activity Gathers Pace in August, PMI Shows

Thursday, 22 August 2024 23:40 WIB | Root

British business activity accelerated this month and cost pressures eased to their weakest in over three years, according to a survey on Thursday that signalled steady growth momentum going into the second half of 2024. The preliminary "flash" estimate of the UK S&P Global Composite...

UK Retail Sales rebound 0.5% MoM in July, as expected

Friday, 16 August 2024 19:58 WIB | Root

The United Kingdom (UK) Retail Sales rebounded 0.5% over the month in July after dropping 1.2% in June, the latest data published by the Office for National Statistics (ONS) showed Friday. Data matched the market expectations of a 0.5% increase in the reported month. Source: FXstreet

UK economy grows 0.6 percent in second quarter

Thursday, 15 August 2024 20:12 WIB | Root

Britain's economy grew by 0.6 percent in the April-June period, a slight slowdown compared with the first three months of the year, official data showed on Thursday. Gross domestic product had expanded by 0.7 percent in the first three months of 2024, the Office for National Statistics said in a...

UK inflation rose to 2.2% in July, back above Bank of England’s 2% target

Wednesday, 14 August 2024 20:01 WIB | Root

U.K. inflation rose to 2.2% in July, coming in slightly below expectations, data from the Office of National Statistics showed Wednesday. Economists polled by Reuters had been expecting headline CPI to come in at 2.3%. This is compared to June’s reading of 2%, which was unchanged from the...

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