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UK Industrial Production rose 1.3%
Wednesday, 11 January 2017
News

UK Industrial Production rose 1.3%

In November 2016, total production was estimated to have increased by 2.1% compared with October 2016.The increase in production was due to an increase in mining and quarrying output following the end of a maintenance period in the oil and gas industry and an increase in manufacturing.

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UK annual house price growth rises to 6.5%
Monday, 09 January 2017
News

UK annual house price growth rises to 6.5%

House prices finished 2016 strongly. Prices in the final quarter of the year were 2.5% higher than in the previous quarter. The annual rate of growth increased, rising for the second consecutive month, from 6.0% in November to 6.5%. Slower economic growth, pressure on employment and a squeeze on spending power, together with affordability constraints, are expected to reduce housing demand during 2017. Read more...

Current Account deficit narrowed to 25.5 billion pounds
Friday, 23 December 2016
News

Current Account deficit narrowed to 25.5 billion pounds

The UK’s current account deficit was £25.5 billion in Quarter 3 (July to September) 2016, up from a revised deficit of £22.1 billion in Quarter 2 (April to June) 2016. The deficit in Quarter 3 2016 equated to 5.2% of gross domestic product (GDP) at current market prices, up from 4.6% in Quarter 2 2016. The widening in the current account deficit was mainly due to a widening in the deficits on total trade and secondary income, partially offset by a narrowing in the primary income deficit.

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UK Consumer Confidence fell -7
Thursday, 22 December 2016
News

UK Consumer Confidence fell -7

GfK’s long-running Consumer Confidence Index has increased by one point this month to -7. Two of the five measures saw increases in December with the remaining three measures decreasing. Joe Staton, Head of Market Dynamics at GfK, says: “The past 12 months were a really turbulent year for confidence in the UK as consumers reacted to the dramatic economic and political turmoil of 2016. After a positive start to the year [January 2016, +4] the index plunged rapidly in post-Brexit Britain [July 2016, -12] with the recovery to September then evaporating by year end to limp home at -7 for December.“

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