There was a surprise contraction in retail sales in December, although this month is key for many retailers due to Christmas shopping, according to official figures. Retail sales fell by 0.3% last month, according to the Office for National Statistics (ONS). No decline was expected, including a drop of 0.3%. Economists forecast sales growth of … Read more
The UK economy showed no growth last quarter, according to revised figures from the Office for National Statistics (ONS). The previous estimate for July and September indicated that the economy grew by 0.1%. Early estimates show that real GDP per capita fell by 0.2% in the third quarter of 2024, down 0.2% from the same … Read more
The economy remained in reverse gear in October, according to official figures covering the month before the government’s first budget. The Office for National Statistics (ONS) said output fell 0.1% following the 0.1% fall recorded the previous month. It was the first time since the COVID pandemic that the economy contracted for two consecutive months. … Read more