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Economy Shrank in November Shows Latest GDP Data, Paves Way to an Interest Rate Cut

  • Written by Gary Howes

UK economy

GDP data for November - out on Monday morning - showed that the UK economy contracted 0.3% that month. The ONS also reports that manufacturing production slumped 1.7%, much deeper than the 0.3% contraction that had been predicted by markets.

Election Result Nudges UK Business Confidence Higher: Services PMI

  • Written by James Skinner

The UK services sector provided proof on Monday of some life being left in the economy at year-end when the IHS Markit PMI was revised higher for the December month, after output stablised following a decline in the prior month. 

UK Manufacturing Desperately Seeks a Boris Bounce

  • Written by Gary Howes

UK manufacturing

The decisive message sent by the UK electorate in mid-December has yet to register in the economy, with the latest numbers out of the manufacturing sector showing production decreased at the sharpest pace in almost seven-and-a-half years.

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