Economic News
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UK private sector growth slows in May
Tuesday 23 May 2023
(Sharecast News) - UK private sector growth slowed in May, according to a survey released on Tuesday. Read More
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UK grocery inflation nudges lower to 17.2%
Tuesday 23 May 2023
(Sharecast News) - Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs. Read More
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Government borrowing rises more than expected in April
Tuesday 23 May 2023
(Sharecast News) - The UK government borrowed more than expected last month as energy support schemes, benefit payments and higher debt interest payments pushed up spending, according to figures relea... Read More
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China holds rates for ninth consecutive month
Monday 22 May 2023
(Sharecast News) - China kept its benchmark lending rates unchanged for the ninth month in a row on Monday, in line with forecasts. Read More
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UK house prices hit fresh high in May - Rightmove
Monday 22 May 2023
(Sharecast News) - UK house prices hit a fresh high in May, industry data showed on Monday, as market conditions steadied. Read More
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UK house prices hit fresh high in May - Rightmove
Monday 22 May 2023
(Sharecast News) - UK house prices hit a fresh high in May, industry data showed on Monday, as market conditions steadied. Read More
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Germany producer price rises cool in April
Friday 19 May 2023
(Sharecast News) - Producer prices in Germany saw their smallest year-on-year increase in more than two years in April, according to data released on Friday morning, adding to hopes of cooling eurozon... Read More
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Government to invest £1bn in UK chip sector
Friday 19 May 2023
(Sharecast News) - The government is to invest up to £1bn in British semiconductor firms over the next decade, it was announced on Friday, as it looks to strengthen the domestic industry. Read More
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UK consumer confidence continues to recover in May - GfK
Friday 19 May 2023
(Sharecast News) - UK consumer confidence continued to recover in May despite record-high food prices, according to a long-running survey released on Friday. Read More
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Good Energy and Ovo ordered to pay £4m after overcharging customers
Thursday 18 May 2023
(Sharecast News) - Ofgem has ordered Good Energy Group and Ovo Energy to pay a total of £4m after the two suppliers overcharged customers. Read More
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Further rate rises likely should inflation persist - BoE governor
Wednesday 17 May 2023
(Sharecast News) - The Bank of England will continue hiking interest rates if inflationary pressures persist, its governor warned on Wednesday. Read More
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Eurozone inflation reaches 7%
Wednesday 17 May 2023
(Sharecast News) - Eurozone inflation reached 7% in April, official data showed on Wednesday, in line with expectations. Read More
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Eurozone GDP edges higher in first quarter
Tuesday 16 May 2023
(Sharecast News) - The Eurozone economy grew only marginally in the first quarter, official data showed on Tuesday, in line with expectations. Read More
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German business sentiment deteriorates in May - ZEW
Tuesday 16 May 2023
(Sharecast News) - German business sentiment deteriorated much more than expected in May as worries about rate hikes and the US debt ceiling took their toll, according to a survey released on Tuesday ... Read More
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UK unemployment rate unexpectedly ticks higher
Tuesday 16 May 2023
(Sharecast News) - The unemployment rate in the UK unexpectedly ticked higher in the three months to March, according to figures released on Tuesday by the Office for National Statistics. Read More
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China slowdown fears as ind production, retail sales miss forecasts
Tuesday 16 May 2023
(Sharecast News) - Chinese industrial production and retail sales both grew less than expected, according to official data, fuelling worries that the post-Covid rebound expected to drive the global ec... Read More
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Brussels raises inflation forecasts
Monday 15 May 2023
(Sharecast News) - Brussels lifted its annual inflation forecasts on Monday, on the back of "persistent" pricing pressures. Read More
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Eurozone industrial production slumps
Monday 15 May 2023
(Sharecast News) - Industrial production fell sharply in the Eurozone in March, official data showed on Monday, missing forecasts for a far smaller decline. Read More
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UK retail sales soften - BDO
Friday 12 May 2023
(Sharecast News) - Retail sales dipped last week, industry research showed on Friday, after demand was curtailed by the bank holiday and mixed weather. Read More
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UK GDP edges higher in first quarter despite weak March
Friday 12 May 2023
(Sharecast News) - The UK economy shrunk in March, official data showed on Friday, but managed to nudge higher over the quarter as a whole. Read More
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