Latest news with #officialfigures
Yahoo
2 days ago
- Business
- Yahoo
EU economic growth slows to 0.2% in second quarter
Euro area GDP growth hit 0.1% quarter-on-quarter for the period between April and the end of June, according to new figures, while the EU's economy grew 0.2%. The print confirms earlier estimates. The figures represent a slowdown in growth for the bloc. The EU saw economic growth of 0.5% in Q1 and 0.6% growth for the euro area, according to official figures. Year-on-year, growth was 1.4% for the euro area in the second quarter and 1.5% in the EU. Read more: UK economic growth slows between April and June Spain's growth led the pack on an individual country basis, with its economy growing 0.7%. Meanwhile, unemployment ticked up by 0.1% in both the euro area and the EU in the second quarter, compared with the previous quarter. In the first quarter of the year, employment had increased by 0.2% in the euro area and had remained stable in the EU. Meanwhile, the US economy grew 0.7% in the second quarter, while economic growth in the UK slowed to 0.3%, per figures released on Thursday. The latest data comes as traders scale back bets of ECB rate cuts in the longer-term. A de-escalation in trade tensions with the US alongside a bump in fiscal spending in Germany has kept the need for further reductions at bay. Reuters reported on Thursday that several investment banks, including Goldman Sachs (GS), have revised their forecasts, now anticipating that the European Central Bank (ECB) has ended its current easing cycle. While trade risks could still weigh on growth and inflation, these banks believe the ECB, which offered an upbeat assessment of the euro zone economy after its latest meeting, is likely to hold rates at 2% for the foreseeable future, Reuters said. Read more: Sterling hits one-month high as UK growth better than expected Trending tickers: Cisco, AMD, Bullish, Webtoon Entertainment, Carlsberg and Aviva Bitcoin price hits record high of $124,000 amid crypto rally
Reuters
20-06-2025
- Business
- Reuters
UK retail sales fall in May
LONDON, June 20 (Reuters) - British retail sales fell 2.7% on the month in May, official figures showed on Friday. Economists polled by Reuters had a median forecast that retail sales would drop by 0.5%.
Yahoo
15-05-2025
- Business
- Yahoo
UK economy grew 0.7% in first three months of year
The UK's economy grew by 0.7% in the first three months of the year, according to the latest official figures. This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X to get the latest alerts.
BBC News
15-05-2025
- Business
- BBC News
UK economy grew 0.7% in first three months of year
The UK's economy grew by 0.7% in the first three months of the year, according to the latest official figures. This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X to get the latest alerts.
