The UK slipped in to deflation in September, the Office for National Statistics said on Tuesday. But, while the number came in slightly lower than many economists had predicted, but many are more focused on how it is likely to change going forward.
Consumer price inflation rose slightly in July from 0% to 0.1% in July the Office of National Statistics said on Tuesday.
UK GDP is estimated to have grown 0.7% in the second quarter the Office for National Statistics said on Tuesday, up from 0.4% reported for Q1.
The Bank of England could spring an interest rate rise on markets sooner than expected, according to JP Morgan’s Stephanie Flanders.
UK inflation fell to zero in February, the ONS reported on Tuesday, the lowest level on record.
Royal London Asset Managements Ian Kernohan says despite new GDP numbers from the ONS RLAM still expects interest rates to rise very gradually in 2015.
According to the Office for National Statistics, the unemployment rate for the period between February to April 2014 improved to 6.6%.
Thanks to changes in the way the UK economy is calculated, we are all better off than we thought we were so are happy days really here again?
Manufacturing output rose 1.9% in June, its strongest growth since 2010 and more than double the expected rate according to the Office of National Statistics.
Retail sales were up significantly in May, driven in large part by a 3.5% rise in supermarket food sales according to Office of National Statistics (ONS) data.
Among many other organisations, the CBI and ONS have both revealed statistical reasons for us not to be cheerful about the ongoing state of the UK economy.
Official data from the ONS show that UK GDP grew by just 0.2% in the first quarter of the year.
