Posts Tagged ‘quarter one’
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 will [...]
ONS to issue final estimate of Q1 growth tomorrow
The Office for National Statistics (ONS) is tomorrow expected to leave its estimate of GDP in the January to March unchanged at 0.3%.
Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by economists as an indication of the health of the economy.
The figures were due to be released last month but [...]
Q1 sales growth slows at M&S
British retailing giant, Marks and Spencer (M&S), has today announced UK same-store sales grew in its first quarter (13 weeks to 3 July), while food sales rose 1.5% and general merchandise was 6% higher.
While the figures represented the third quarter of sales growth in a row, it was slower than the 5.1% increase in the [...]
UK services sector growth slows
Growth in the UK’s closely-watched service sector slowed in June and hit its lowest level in 10 months.
The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 54.4 in June, down from 55.4 in May.
Not only did this represent the lowest level since August last year, it was [...]
UK manufacturing activity drops from 15-year high in June
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed from its 15-year high in June.
The closely-watched CIPS/Markit manufacturing PMI dipped from 58 in May to 57.5 in June.
The dip suggests the sector’s recovery may have peaked but it is still above the crucial 50 mark, which represents growth, and was [...]