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Economic activity in the UK's private sector expanded at a softer pace in September than in August, with the S&P Global Composite Purchasing Managers' Index (PMI) declining to 51 from 53.5. This reading came in worse than the market expectation of 52.7. In this period, the Manufacturing PMI...
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 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...
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...
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...
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...
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...
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...
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...
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...
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...
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%...
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...
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...
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 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...
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...
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...
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
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...
