Economic News
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Buoyant service sector helps boost Eurozone economy
Friday 21 Apr 2023
(Sharecast News) - The Eurozone economy strengthened in April, a closely-watched survey showed on Friday, bolstered by a resurgent service sector. Read More
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UK private sector output grows at fastest pace in a year
Friday 21 Apr 2023
(Sharecast News) - Output in the UK's private sector grew in April at the fastest pace in a year, according to a survey released on Friday. Read More
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UK retail sales fall in March, missing forecasts
Friday 21 Apr 2023
(Sharecast News) - Retail sales fell by more than expected in March, official data showed on Friday, after the wet weather kept shoppers at home. Read More
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UK consumer confidence jumps - GfK
Friday 21 Apr 2023
(Sharecast News) - UK consumer confidence strengthened in April, a long-running survey showed on Friday, despite soaring food prices and inflation. Read More
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Citi sees UK rates topping out at 4.75%
Thursday 20 Apr 2023
(Sharecast News) - Economists at Citi reaffirmed its view that interest rates in the UK were more likely than not to peak during the second quarter of 2023 and for a cut in the last three months of th... Read More
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GSK 'sticks two fingers up' as workers vote for strike action
Wednesday 19 Apr 2023
(Sharecast News) - Pharmaceuticals giant GSK is set to face a series of walkouts throughout May, it emerged on Wednesday, as hundreds of its workers who are members of the Unite union voted for strike... Read More
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Construction output strengthens in Eurozone
Wednesday 19 Apr 2023
(Sharecast News) - The Eurozone's construction sector strengthened in February, official data showed on Wednesday. Read More
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UK house price growth continues to slow
Wednesday 19 Apr 2023
(Sharecast News) - House price growth slowed in February for the third consecutive month, official data showed on Wednesday. Read More
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UK inflation misses forecasts as food prices soar
Wednesday 19 Apr 2023
(Sharecast News) - UK inflation declined by less than expected last month, official data showed on Wednesday, as record food prices continued to mount. Read More
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UK unemployment rate ticks higher
Tuesday 18 Apr 2023
(Sharecast News) - The UK unemployment rate ticked higher in the three months to February, according to figures released on Tuesday by the Office for National Statistics. Read More
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BofA says UK inflation set to slide, but rate cuts not 'imminent'
Friday 14 Apr 2023
(Sharecast News) - Economists at Bank of America forecast that UK consumer price gains would slide from a rate of 10.4% for February to 3.8% by October. Read More
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BoE fines former TSB Bank exec over IT failures
Thursday 13 Apr 2023
(Sharecast News) - The Bank of England said on Thursday that it has fined the former chief information officer of TSB Bank for failings related to its 2018 IT migration programme. Read More
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Eurozone industrial production rises more than expected in February
Thursday 13 Apr 2023
(Sharecast News) - Eurozone industrial production rose more than expected in February, according to figures released on Thursday by Eurostat. Read More
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UK house prices continue to fall - Rics
Thursday 13 Apr 2023
(Sharecast News) - UK house prices were expected to continue falling but property surveyors expect the market to stabilise over the next year as borrowing costs ease, according to data released on Thu... Read More
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PZ Cussons backs FY expectations as Q3 revenues rise
Thursday 13 Apr 2023
(Sharecast News) - Imperial Leather maker PZ Cussons backed its full-year expectations on Thursday as it posted a rise in third-quarter revenues as price increases underpinned margins. Read More
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German inflation confirmed easing in March
Thursday 13 Apr 2023
(Sharecast News) - German inflation continued to soften last month due to falling energy costs, with consumer prices rising by 7.4% on an annual basis, but lower than the 8.7% rate recorded in the fir... Read More
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UK economy stagnates in February
Thursday 13 Apr 2023
(Sharecast News) - The UK economy stagnated in February as strikes dented productivity, according to figures released on Thursday by the Office for National Statistics. Read More
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Bank of Canada leaves rates unchanged, lifts growth forecast
Wednesday 12 Apr 2023
(Sharecast News) - The Bank of Canada left interest rates unchanged at 4.50% on Wednesday, as expected, and upgraded its growth forecast for this year. Read More
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UK house sales back to pre-Covid levels - Rightmove
Wednesday 12 Apr 2023
(Sharecast News) - UK home sales in March have rebounded close to pre-Covid pandemic levels, driven by demand for flats and a recovery from the market slump last September caused by the disastrous min... Read More
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UK to remain worst-performing G7 economy - IMF
Tuesday 11 Apr 2023
(Sharecast News) - The UK economy will remain the worst-performing G7 economy this year, according to forecasts published by the International Monetary Fund on Tuesday. Read More
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