Economic News
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EU to slap tariff of up to 38pc on Chinese EVs
Wednesday 12 Jun 2024
(Sharecast News) - The European Union (EU) is set to impose tariffs of up to 38% on Chinese electric vehicles (EVs), it was reported on Wednesday, initiating duties exceeding €2bn annually and r... Read More
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China inflation nudges higher, narrowly misses forecasts
Wednesday 12 Jun 2024
(Sharecast News) - Inflation in China nudged marginally higher in May, official data showed on Wednesday, while producer prices eased. Read More
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UK economy stagnates in April
Wednesday 12 Jun 2024
(Sharecast News) - The UK economy stagnated in April, according to figures released by the Office for National Statistics on Wednesday, having just come out of a recession a month earlier. Read More
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UK's Sunak pledges £17bn in tax cuts, but questions remain over reliability of planned funding
Tuesday 11 Jun 2024
(Sharecast News) - Embattled UK Prime Minister Rishi Sunak has promised almost £17bn in tax cuts in an effort to kick-start his faltering election campaign that sees his Conservative Party trailing ba... Read More
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UK mortgages in arrears hit highest level since 2016
Tuesday 11 Jun 2024
(Sharecast News) - The share of outstanding UK mortgages in arrears rose to its highest level in nearly eight years in the first quarter of 2024, according to statistics released on Tuesday by the Ban... Read More
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Heathrow sees record passenger numbers in year to May
Tuesday 11 Jun 2024
(Sharecast News) - Heathrow served a record number of passengers over the past year after the the busiest-ever May, the UK airport announced on Tuesday. Read More
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UK wages grow faster than expected
Tuesday 11 Jun 2024
(Sharecast News) - Wages grew faster than expected in the three months to April, according to figures released on Tuesday by the Office for National Statistics, dashing hopes of a rate cut this summer... Read More
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Retail sales tick higher - BDO
Friday 07 Jun 2024
(Sharecast News) - UK retail sales nudged higher last week, industry data showed on Friday, helped by improving weather. Read More
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House prices static in May - Halifax
Friday 07 Jun 2024
(Sharecast News) - House prices were largely unchanged last month, industry data showed on Friday, as the market continued to stabilise. Read More
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German economy improving but inflation remains 'stubborn' - Bundesbank
Friday 07 Jun 2024
(Sharecast News) - The German economy is gaining momentum after two years of weakness, the Bundesbank said on Friday, despite "stubborn" inflation. Read More
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German industrial production unexpectedly falls, exports tick higher
Friday 07 Jun 2024
(Sharecast News) - German exports pushed higher in April, official data showed on Friday, but industrial production continued to disappoint. Read More
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German industrial production unexpectedly falls, exports tick higher
Friday 07 Jun 2024
(Sharecast News) - German exports pushed higher in April, official data showed on Friday, but industrial production continued to disappoint. Read More
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ECB cuts rates for first time in five years
Thursday 06 Jun 2024
(Sharecast News) - The European Central Bank cut interest rates by 25 basis points on Thursday, as widely expected. Read More
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ECB cuts rates for first time in five years
Thursday 06 Jun 2024
(Sharecast News) - The European Central Bank cut interest rates by 25 basis points on Thursday, as widely expected. Read More
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UK economy to grow by more than expected - BCC
Thursday 06 Jun 2024
(Sharecast News) - The British Chambers of Commerce upgraded its outlook for the UK economy on Thursday, but warned long-term growth was likely to be subdued. Read More
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UK construction sector grows at fastest pace in two years
Thursday 06 Jun 2024
(Sharecast News) - The UK construction sector grew in May at its fastest pace in two years, according to a survey released on Thursday. Read More
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Eurozone construction sector continues to struggle
Thursday 06 Jun 2024
(Sharecast News) - The Eurozone's beleaguered construction sector saw another sharp fall in orders in May, official data showed on Thursday, weighing heavily on employment. Read More
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US private sector adds fewer jobs than expected in May - ADP
Wednesday 05 Jun 2024
(Sharecast News) - Private sector employment in the US rose less than expected in May, according to figures released on Wednesday by ADP. Read More
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UK services sector expands in May, price pressures ease
Wednesday 05 Jun 2024
(Sharecast News) - The UK's services sector continued to expand last month, a closely-watched survey showed on Wednesday, although the pace of growth eased. Read More
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Electric and hybrid sales drive new car registrations higher in May
Wednesday 05 Jun 2024
(Sharecast News) - New car sales in the UK climbed in May on the back of strong growth in hybrid and electric vehicles, offsetting a decline in demand for diesel and petrol models. Read More
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