Five graphs that explain the UK economy ahead of GDP, inflation and unemployment data UK Economy The great challenge for the UK economy is to restore some degree of growth following a very sluggish 2023.
UK services sector continues to grow driving fears of ‘sticky’ inflation UK Economy Firms in the service sector noted that economic conditions were slowly improving, but flagged household incomes remained constrained due to higher interest rates.
UK economy ahead of rivals as prospects for 2024 look rosy UK Economy The UK economy has made a stronger start to the year than advanced economies around the globe, according to a closely watched survey.
‘Recovered from doldrums’: UK manufacturing returns to growth for first time since July 2022 April 2, 2024 Output and new orders for manufacturing firms increased for the first time in a year helping business optimism about the year ahead to hit an 11-month high.
‘Stars are aligning’ for UK economy after inflation data and Bank of England rate decision March 22, 2024 "We think the stars are aligning for stronger consumer spending growth this year," Rob Wood, chief UK economist at Pantheon Macroeconomics said.
UK economy sees another ‘robust expansion’ in March as manufacturing sector improves March 21, 2024 The recovery of the UK economy looks set to roll on as business activity continued expanding in March, a closely watch survey suggests.
London remains UK’s strongest region as capital powers country out of recession March 11, 2024 Despite the decrease, the figures still pointed to a "robust expansion in activity" with London remaining the strongest-performing region in the UK.
Hopes of lower interest rates fuel construction sector optimism amid housebuilding resurgence March 6, 2024 The overall construction PMI rose to 49.7, up from 48.8 in January, its highest level since August 2023 and only marginally below the neutral 50-mark.
UK economy ‘turned a corner’ despite slight weakening in services sector March 5, 2024 New business orders drove the increase, with the survey showing the sharpest rate of new business growth since May 2023.
Recession ‘already over’ as economic activity picks up again but inflationary pressures grow February 22, 2024 Figures out last week confirmed that the UK slipped into a shallow recession in the second half of last year.