Output in the services, manufacturing, and construction sectors decreased. It is the first time that all major sectors have contributed negatively to a monthly GDP estimate. The ONS cited the effect of price rises and supply chain shortages as the cause for the decrease. Official data released Monday indicated that British economic output fell for … Read more
Annual inflation falls to 17.1 percent in May, down from 17.8 percent in April. Food price inflation increased to 21.5 percent year on year in May. Russia has been hit with a barrage of international sanctions. Russia inflation fell to 17.1 percent in May, down from 17.8 percent in April, according to the national statistics … Read more
An estimated two million people in the United Kingdom, have reported Covid. The country of around 67 million people has recorded nearly 18.8 million cases 178,000 deaths from the virus since it hit more than two years ago. An estimated two million people in the United Kingdom, or approximately three percent of the population, have … Read more
Britain’s economic growth slowed in February due to losses in the manufacturing of automobiles, computers, and chemicals. The Office for National Statistics said Monday that gross domestic product climbed by only 0.1 percent from the previous month, well below the 0.8 percent rise reported in January. Last month, the output of productive industries, which includes … Read more
LONDON: Rates of Covid infection have hit a record high in the UK, official data showed Friday, just as free government testing ended for millions in England. Some 4.9 million people in the UK are estimated to have had Covid-19 in the week ending March 26, or 600,000 more than the previous week, the latest … Read more
Official data released on Thursday indicated that Britain’s economy rebounded somewhat less than expected last year, pointing to a considerably tougher 2022 due to the consequences of the Ukraine crisis and increasing prices. The Office for National Statistics announced in a statement that GDP increased 7.4% in 2021, down from an early estimate of 7.5 … Read more
LONDON: Britain’s unemployment rate has fallen below four percent to reach its pre-pandemic level, official data showed Tuesday. The UK unemployment rate dropped to 3.9 percent in the three months to the end of January from 4.1 percent in the final quarter of last year, “returning to pre-coronavirus pandemic levels”, the Office for National Statistics … Read more
LONDON: UK payrolls jumped in January as Omicron fears receded but workers’ wage rises are failing to keep pace with soaring inflation, official data showed on Tuesday. The number of UK workers on payrolls rose 108,000 to a record-high 29.5 million last month, the Office for National Statistics said in a statement. The UK’s unemployment … Read more
LONDON: British annual inflation accelerated in December to its highest level for almost three decades, official data showed on Wednesday, fuelled by price gains for clothing, food and furniture. The rate hit 5.4 per cent last month after striking a decade-high in November on jumping fuel costs, the Office for National Statistics said in a statement. … Read more
LONDON: British inflation has rocketed to its highest level for more than 10 years on broad-based price gains, data showed on Wednesday, sparking fears that wages will fail to keep pace on the eve of a Bank of England interest rate decision. The annual inflation rate surged to 5.1 per cent in November after 4.2 per … Read more
LONDON: Britain’s economic growth recovery slowed in October, official data showed on Friday, even before the appearance of the Omicron coronavirus variant that has pushed the UK government to restore restrictions. Gross domestic product increased 0.1 per cent in October compared with output of 0.6 per cent the previous month, the Office for National Statistics said … Read more
