Economy
This coverage explores how economic trends and policies affect the UK retail sector. Reporting focuses on GDP, inflation, consumer confidence, interest rates, and broader fiscal measures, assessing their impact on retail sales, pricing strategies, and operational decisions. Tailored for professionals evaluating market conditions, financial risks, and opportunities within a shifting economic landscape.
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May- 2024 -10 MayEconomy
UK economy exits recession as GDP jumps 0.6% in Q1
The UK economy is no longer in recession after it grew by 0.6% between January and March this year, according to official figures from the Office for National Statistics (ONS). The performance beat economist expectations of 0.4% growth. A recession, which is defined as two consecutive three-month periods where the…
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Apr- 2024 -12 AprilEconomy
UK economy grows for second month in a row
UK GDP increased slightly for the second month in a row, in another sign the economy is edging out of recession, according to the latest figures from the Office for National Statistics (ONS). Monthly real gross domestic product is estimated to have grown by 0.1% in February 2024, following growth…
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Mar- 2024 -13 MarchEconomy
Shoppers help boost UK economy in Jan
UK GDP increased by 0.2% in January, up from a decline of 0.1% in December, as an increase in spending in shops helped to boost growth. While the performance was expected by economists it means that GDP is estimated to have fallen by 0.3% compared with the same month last…
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Jan- 2024 -12 JanuaryEconomy
UK economy rebounds in Nov
The UK economy rebounded in November as monthly GDP increased 0.3% off the back on a 0.3% fall in October, according to the latest data from the Office for National Statistics (ONS). The ONS said services output jumped 0.4% in November 2023 and was the main contributor to the monthly…
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Nov- 2023 -10 NovemberEconomy
UK economy stagnates in Q3
UK GDP has shown no growth in July-September (Q3) compared with an increase of 0.2% in the previous quarter, according to the latest data from the Office for National Statistics (ONS). Compared with the same quarter a year ago, GDP is estimated to have increased by 0.6% in Q3 2023.…
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Oct- 2023 -12 OctoberEconomy
UK economy improves slightly in August
The UK economy is estimated to have grown by 0.2% in August 2023, following a fall of 0.6% in July 2023, according to the latest figures from the ONS. Looking at the broader picture, GDP showed 0.3% growth in the three months to August 2023 when compared with the three…
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Aug- 2023 -11 AugustEconomy
UK economy grows by 0.2% in Q2
The UK economy has grown faster than expected in the three months to June, new figures from the Office for National Statistics (ONS) show. According to the ONS, GDP rose by 0.2% in the second quarter of the year, up from a growth of 0.1% in the first quarter. In…
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Jul- 2023 -13 JulyEconomy
UK economy shrinks in May
The UK economy contracted by 0.1% in May as output was negatively affected by the King’s coronation, according to the latest statistics from the Office for National Statistics (ONS). On a three month basis GDP has shown no growth, however, monthly GDP is now estimated to be 0.2% above its…
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Jun- 2023 -12 JuneNews
UK economy set to grow amid increased investment, says CBI
The economy looks to have fared better than expected in the first half of 2023, and is set to steer clear of a recession, according to the CBI’s latest Economic Forecast. The CBI has forecasted 0.4% growth in GDP over 2023, picking up to 1.8% in 2024, upgraded from -0.4%…
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May- 2023 -12 MayEconomy
UK economy shrinks 0.3% in March
Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth in February 2023, according to the latest figures from the Office for National Statistics (ONS). Looking at the broader picture, the ONS said GDP grew by 0.1% in the three…
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