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Montevideo, November 12th 2018 - 20:06 UTC

Tag: UK Office for National Statistics (ONS)

  • Friday, April 27th 2018 - 12:36 UTC

    UK economy grows at its slowest since 2012 in Q1; pound falls to US$ 1.380

    Bank of England governor Mark Carney hinted that interest rates could rise more gradually than expected due to uncertainty over Brexit and economic “mixed data”

    The UK economy grew at its slowest rate since 2012 in the first quarter of the year, the Office for National Statistics (ONS) has said. GDP growth was 0.1%, down from 0.4% in the previous quarter, driven by a sharp fall in construction output and a sluggish manufacturing sector.

  • Friday, February 23rd 2018 - 09:35 UTC

    UK economy grows at the slowest pace among world's wealthiest countries

    ONS said household spending grew by 1.8% last year, also the slowest annual rate since 2012. The slowdown was partly because of shoppers facing higher prices

    The UK economy expanded by less than previously thought in the last three months of 2017, official figures say. GDP grew by 0.4% in the October-to-December period, the Office for National Statistics (ONS) said, down from the initial estimate of 0.5%. The revision was due to slower growth in production industries, the ONS said.

  • Thursday, February 15th 2018 - 09:37 UTC

    For the first time in seven years, Euro-zone economy grew faster than UK in 2017

    Preliminary growth estimates for the final quarter of 2017 showed the bloc of Euro nations growing at a combined 2.7% over the course of the year

    For the first time in seven years, the Euro-zone's economy grew quicker than the UK's last year, according to data from Eurostat released on Wednesday. The preliminary growth estimates for the final quarter of 2017 showed the bloc of Euro nations growing at a combined 2.7% over the course of the year, having expanded 0.6% in the final quarter alone.

  • Saturday, August 23rd 2014 - 07:02 UTC

    Bank of England minutes show some members voted to raise interest rates

    However Bank Governor Mark Carney has said that any rise in interest rates would be gradual.

    Two members of the Bank of England's Monetary Policy Committee (MPC) voted to raise interest rates in August, the first time in three years that policymakers have done so. The minutes of the meeting on 6-7 August show Ian McCafferty and Martin Weale voted for a 0.25% rise to 0.75%. It means the nine-member MPC voted 7-2 to hold interest rates at their historic low of 0.5%.

  • Saturday, January 12th 2013 - 12:13 UTC

    More signs that the UK economy contracted in the last quarter of 2012

    Construction sector output contracted 3.4% in November

    Disappointing figures on industrial production and construction in November have added to fears that the UK economy contracted in the last quarter of 2012. The index of production grew 0.3% in November, compared with October, but had been expected to grow more as some North Sea oil and gas production resumed following maintenance.