Economic News
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UK's FCA makes lenders pay back £12m for poor practices during pandemic
Thursday 03 Nov 2022
(Sharecast News) - Seven UK financial lenders have been forced to hand back £12.4m in compensation to almost 60,000 customers as a result of poor practices amid the Covid pandemic and cost-of-living c... Read More
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BoE hikes by 75bp, but sees inflation falling short
Thursday 03 Nov 2022
(Sharecast News) - The Bank of England hiked rates as expected on Thursday, but said that consumer price inflation looked set to fall over a percentage point short of its 2.0% target by the end of its... Read More
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Eurozone unemployment rate ticks lower in September
Thursday 03 Nov 2022
(Sharecast News) - Eurozone unemployment edged lower in September, according to figures released on Thursday by Eurostat. Read More
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UK service sector shrinks in October as mini-budget takes its toll
Thursday 03 Nov 2022
(Sharecast News) - The UK services sector shrank in October for the first time since February 2021 as the mini-budget took its toll, according to a survey released on Thursday. Read More
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China services PMI falls further in October - Caixin
Thursday 03 Nov 2022
(Sharecast News) - Activity in China's services sector deteriorated further in October as Covid restrictions took their toll, according to data released on Thursday. Read More
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Retail inflation hits fresh high
Wednesday 02 Nov 2022
(Sharecast News) - Shop price inflation reached a fresh record high last month, research published on Wednesday showed, as the price of food continued to spike. Read More
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UK manufacturing sector shrinks again in October
Tuesday 01 Nov 2022
(Sharecast News) - Activity in the UK manufacturing sector contracted again in October, according to a survey released on Tuesday. Read More
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House prices suffer biggest monthly drop since June 2020 - Nationwide
Tuesday 01 Nov 2022
(Sharecast News) - UK house prices suffered their first monthly decline in October since July 2021, according to survey released on Tuesday by Nationwide. Read More
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China's manufacturing sector shrinks in October - Caixin
Tuesday 01 Nov 2022
(Sharecast News) - Activity in China's manufacturing sector shrank in October, albeit less than expected, as Covid restrictions continued to weigh, according to figures released on Tuesday. Read More
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Half-term break lifts UK retail footfall 8.2%
Monday 31 Oct 2022
(Sharecast News) - School half-term helped boost UK footfall by 8.2% in the week ended 29 October, providing retailers with a much-needed uplift amidst the cost-of-living crisis. Read More
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Eurozone growth slows in third quarter
Monday 31 Oct 2022
(Sharecast News) - Economic growth in the eurozone slowed in the third quarter, according to a flash estimate released on Monday by Eurostat. Read More
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Hunt considering energy windfall tax hike to 30pc
Monday 31 Oct 2022
(Sharecast News) - Energy firms could face windfall taxes as high as 30%, and an extension of its imposition by three years, according to fresh reports late on Sunday. Read More
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Zoopla warns high mortgage rates could shave 5% off UK house prices in 2023
Monday 31 Oct 2022
(Sharecast News) - Real estate company Zoopla revealed on Monday that higher mortgage rates could shave as much as 5% off UK house prices in 2023. Read More
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Eurozone inflation hits new record of 10.7% in October
Monday 31 Oct 2022
(Sharecast News) - Eurozone annual inflation hit a new record high of 10.7% in October, according to a flash reading released on Monday, as energy and food prices continued to soar. Read More
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Mortgage approvals fall sharply - Bank of England
Monday 31 Oct 2022
(Sharecast News) - Mortgage approvals fell sharply in September, according to official data published on Monday, as interest rates continued to climb. Read More
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German retail sales nudge higher
Monday 31 Oct 2022
(Sharecast News) - German retail sales picked up unexpectedly last month, official data showed on Monday. Read More
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US consumer sentiment ticks up in October but remains subdued
Friday 28 Oct 2022
(Sharecast News) - US consumer sentiment improved a touch in October, but remained subdued, according to a final reading from the University of Michigan. Read More
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Sunak planning £50bn of spending cuts, tax rises - report
Friday 28 Oct 2022
(Sharecast News) - UK Prime Minister Rishi Sunak is reportedly looking to build a buffer in the public finances as he draws up an economic plan to plug Britain's budget shortfall, which could entail t... Read More
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Retail vacancy rates improve, but still below pre-Covid levels
Friday 28 Oct 2022
(Sharecast News) - Vacancy rates for retail spaces in Britain improved further in the third quarter, according to fresh industry data on Friday, although they still remained above pre-pandemic levels. Read More
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US economy grows more than expected in Q3
Thursday 27 Oct 2022
(Sharecast News) - The US economy bounced back in the third quarter, according to data released on Thursday by the Bureau of Economic Analysis. Read More
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