Office for National Statistics Financial News

12.02 / 16:07

markets UK ONS Office for National Statistics UK statistics regulator withholds endorsement of UK jobs data - reports

The ONS has been contending with a falling response rate to its surveys, and Labour Force Survey (LFS) data was suspended in September 2023 due to quality concerns.

15.02 / 09:29

economics UK Recession Quilter Investors Neil Birrell Premier Miton Investors Office for National Statistics UK enters technical recession as economy shrinks 0.3% in Q4 2023

The 0.3% fall in Q4 was fuelled by decreases in all three main sectors: 0.2% in services, 1% in production and 1.3% in construction output, the ONS said.

13.02 / 10:58

economics Bank of England UK Interest rates Office for National Statistics Unemployment UK wage growth defies forecasts but slows to lowest level in more than a year

Economists have advised against heavily relying on LFS data, citing persistent concerns about its quality.

23.01 / 09:33

economics UK Treasury Office for National Statistics OBR Government borrowing falls significantly below expectations in December at £7.8bn

The figure halved from December 2022 and was significantly lower than the £14bn forecast by the Office for Budget Responsibility, marking the lowest December borrowing since 2019.

19.01 / 08:49

economics inflation Morningstar UK Office for National Statistics UK retail sales UK retail sales suffer sharpest monthly drop since the pandemic

Non-food store sales volumes fell by 3.9% last month, following a 2.7% increase in November when Black Friday discounts increased sales.

16.01 / 08:46

economics Bank of England UK Interest rates Office for National Statistics job vacancies UK annual wage growth slows to 6.5% as vacancies continue falling

The estimated number of vacancies in the last quarter of 2023 continued to fall to 934,000 – a 49,000 reduction – marking Q4 2023 as the 18th consecutive quarter of vacancy falls, and the longest consecutive run of quarterly falls ever recorded.

12.01 / 09:01

economics UK GDP Chancellor of the Exchequer Neil Birrell Office for National Statistics UK GDP grows 0.3% in November but fails to alleviate 'precarious' economic situation

Overall GDP growth was a reverse of the 0.3% contraction seen in October, bringing UK growth flat over the two consecutive periods.

03.01 / 15:11

economics Bank of England UK Interest rates GDP Office for National Statistics UK executives call on Bank of England to cut rates amid sinking confidence in economy - reports

Markets are now expecting up to six 25-basis-point cuts by the end of the year.

22.12 / 12:57

economics UK GDP Office for National Statistics Construction UK economy teeters on recession following revised ONS figures

Within the economy, the services sector's output has been revised down from a 0.1% fall to a 0.2% fall over Q3, while the production and construction sectors have been revised upwards, to 0.1% and 0.4% growth, respectively.

21.12 / 12:22

economics UK ONS Office for National Statistics Borrowing government debt Government borrowing comes in higher than expected in November

The fall in borrowing came largely from the end of energy price schemes by the government, the ONS said, but noted that these reductions 'were offset by other inflation-related costs, such as increased benefit payments'.

20.12 / 10:55

economics inflation UK CPI Office for National Statistics UK inflation falls further than expected in November to 3.9%

The fall defied expectations, as economists had forecast inflation to decrease to 4.4% for the month, from 4.6% in October 2023.

17.11 / 09:54

UK Office for National Statistics Retail Sales Wealth Club UK retail sales UK retail sales slump 0.3% in October

Petrol sales fell by 2% throughout the month, which the ONS attributed to rising fuel prices.

15.11 / 08:33

economics inflation Bank of England UK Macroeconomics Office for National Statistics UK inflation falls to 4.6% in October

Core inflation, which excludes energy, food, alcohol and tobacco, rose by 5.7%, down from 6.1% in September and its peak of 7.1% in May.

10.11 / 13:47

economics Morningstar UK Macroeconomics Office for National Statistics Wealth Club UK dodges recession with surprise 0.2% September growth

September’s growth was driven by a 0.2% expansion in services output, largely from professional, scientific and technical activities, as well as human health and social work activities.

20.10 / 07:39

economics UK Interest rates Cost of Living UK inflation Office for National Statistics UK retail sales fall UK retail sales fall more than expected as consumer confidence drops

Non-food stores sales volumes fell by 1.9% last month, which retailers attributed to continuing cost of living pressures.

18.10 / 10:05

economics inflation Bank of England UK Macroeconomics UK inflation Office for National Statistics UK inflation remains steady at 6.7% in September

The largest downward contributor to inflation was a drop in prices in food and beverages, which fell for the first time since September 2021

17.10 / 08:13

economics inflation Bank of England UK CPI Office for National Statistics job vacancies fall UK wage growth eases at 7.8% as job vacancies fall

In real terms, adjusted for inflation using the Consumer Prices Index (CPI) and including housing costs, total pay rose year-on-year between June and August by 1.3%.

12.10 / 13:27

economics UK GDP Office for National Statistics UK economy UK economy bounces back in August as GDP ticks up 0.2%

In the three months to August, GDP increased by 0.3% when compared with the three months to May 2023, with growth in all sectors.

22.09 / 07:43

economics inflation Bank of England UK Office for National Statistics Interactive Investor UK consumer confidence UK consumer confidence and retail sales receive late summer boost

Consumer confidence rose to -21 in September 2023, up from -25 in August, a step from July’s -30 drop, according to data from research group GfK.

13.09 / 08:01

economics Bank of England UK Macroeconomics GDP Neil Birrell Office for National Statistics UK GDP sags by 0.5% in July as recession looms 'around the corner'

Production output fell by 0.7% in July after growth of 1.8% in June, largely due to a 0.8% drop in the manufacturing sector.

13.09 / 07:37

economics Bank of England UK Macroeconomics GDP Neil Birrell Office for National Statistics UK GDP sags by 0.5% in July as recession may be 'around the corner'

Production output fell by 0.7% in July after growth of 1.8% in June, largely due to a 0.8% drop in the manufacturing sector.

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