Tag: gross domestic product

Inflation rate falls to 3.4%

Inflation rate falls to 3.4%

The latest official figures from the Office for National Statistics (ONS) show that inflation fell to 3.4 per cent in February, from 3.6 per cent in the previous month, according to the Consumer Prices Index (CPI). Using the Retail Prices Index (RIP) measurement, which includes housing costs such a mortgage interest and council tax, inflation [...]

March 20, 2012 | 0 Comments More
UK economic growth slows to 0.2%

UK economic growth slows to 0.2%

The UK’s Gross Domestic Product (GDP) increased by only 0.2% in the second quarter of 2011, following an increase of 0.5% in the preceding three months. However, the Office for National Statistics (ONS) highlights special events that could have curbed growth, including the additional April bank holiday, the royal wedding and the after effects of [...]

July 26, 2011 | 0 Comments More
UK Q1 economic growth figures remain unchanged

UK Q1 economic growth figures remain unchanged

The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.3% in the January to March period – unchanged from the previously estimated figure, but marginally higher than the first estimate of 0.2%. Analysts had expected GDP to remain unchanged in the first quarter but many economists believe that economic growth [...]

July 12, 2010 | 0 Comments More
Business confidence rises to 6-year high

Business confidence rises to 6-year high

Hopes that the recession has finally come to an end emerged today after the Institute of Chartered Accountants in England and Wales (ICAEW) said confidence among British businesses has jumped to a six-year high. According to The Times newspaper, the Business Confidence Monitor survey grew to a reading of 24.6 for the fourth quarter, up [...]

November 23, 2009 | 0 Comments More
Bank issues latest quarterly inflation report

Bank issues latest quarterly inflation report

The Bank of England’s latest quarterly inflation report, published today, has revealed a much better outlook for the UK economy than its previous report in August. The Bank increased its forecast for economic growth over the next two years predicting that gross domestic product (GDP) should rise above 4% early 2011 before slowing to 3% [...]

November 11, 2009 | 0 Comments More
Euro zone sees rise in industrial orders

Euro zone sees rise in industrial orders

There are tentative signs that the manufacturing sector in the euro zone may be emerging from recession after a rise in industrial orders has been reported for the month of June. According to Eurostat, the European statistics agency, new orders (a key indicator of industry’s future growth) rose by 3.1% during the month when compared [...]

August 24, 2009 | 0 Comments More
NIESR report dashes hopes of a imminent recovery in the UK

NIESR report dashes hopes of a imminent recovery in the UK

The National Institute of Economic and Social Research (NIESR), the influential think tank, has forecasted that gross domestic product (GDP) fell 0.4% in the three months to June - the fifth consecutive quarter of decline. Official GDP figures for the April to June period are due to be released at the end of this month. [...]

July 7, 2009 | 0 Comments More
Public borrowing soars to £20bn

Public borrowing soars to £20bn

The Office for National Statistics (ONS) has today revealed that UK public sector borrowing has soared to the highest level since ONS records began over 15 years ago. Public sector net borrowing reached a record level of £19.9 billion in May and has already hit £30.5 billion for this financial year - more than double [...]

June 18, 2009 | 0 Comments More
NIESR predicts deep recession as slowdown gathers pace

NIESR predicts deep recession as slowdown gathers pace

The National Institute of Economic and Social Research (NIESR) has published its latest predictions for the UK economy, stating that it expects the economy to enter into a deep recession in the final quarter of the year. The independent institute estimates that Gross Domestic Product (GDP) fell by 1% in the three months to the [...]

December 10, 2008 | 0 Comments More
US economy on verge of recession

US economy on verge of recession

The world’s largest economy is officially on the verge of recession after figures from the Commerce Department show that the economy shrank at an annual rate of 0.3% in the three months to September. The fall follows growth of 2.8% in the previous quarter. Meanwhile, consumer spending, which accounts for about 70% of the US [...]

October 30, 2008 | 0 Comments More