News And Announcements
Food inflation soars to record 17.5% - Kantar
Grocery inflation has rocketed to 17. 5%, industry research showed on Tuesday, adding more than £800 a year to average household food bills.
Food inflation soars to fresh high - BRC
Food prices continued to soar in March, industry research showed on Tuesday, pushing shop price inflation higher.
UK retailers more optimistic - CBI
Retail sales held steady in March, a closely-watched survey showed on Monday, boosting confidence across the sector.
German business sentiment improves again in March - Ifo
German business sentiment unexpectedly improved again in March, according to a survey released on Monday by the Ifo Institute.
BoE governor warns firms not to hike prices
The governor of the Bank of England has warned companies not to embed inflation by putting up prices.
Eurozone economic growth gathers pace in March
Economic growth in the eurozone continued to gather pace in March, according to a survey released on Friday, underpinned by the service sector as manufacturing stagnated.
UK private sector output grows as confidence improves
UK private sector output continued to grow in March, a closely watched survey showed on Friday, boosted by the service economy.
Retail sales surge in February
Retail sales jumped by more than expected in February, official data showed on Friday.
Consumer confidence ticks up but outlook remains unsettled
Consumer confidence nudged higher in March, a closely-watched survey showed on Friday, despite ongoing cost of living pressures.
BoE hikes by 25bp, says inflation likely to fall sharply over rest of 2023
The Bank of England went ahead and raised rates as expected, saying that global growth was expected to be stronger than anticipated in the February Monetary Policy Report.
Swiss National Bank hikes rates by 50 basis points
The Swiss National Bank hiked its key policy rate on Thursday for the fourth meeting in a row, by 50 basis points to 1. 50%, in line with consensus expectations.
Producer price rises slow as demand softens - CBI
UK manufacturers saw both output and orders ease in the three months to March, a survey published on Wednesday showed.
House price growth slows sharply - ONS
UK house price growth slowed sharply in January, official data showed on Wednesday.
UK inflation unexpectedly jumps to 10.4%
Inflation unexpectedly pushed higher last month, official data showed on Wednesday, driven by the soaring cost of food.
European banks can weather market turmoil, says S&P
European banks can weather the recent market turmoil, according to Standard & Poor’s.
Europe construction output shows healthy growth in January
Construction output in Europe showed significant growth in January compared to the previous month, According to data from Eurostat, the statistical office of the European Union, released on Tuesday.
German investor sentiment deteriorates in March - ZEW
German business sentiment deteriorated more than expected in March amid concerns about the banking crisis, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
UK government borrowing hits record for February
UK government borrowing hit a record high for February due to the energy support scheme, according to figures released on Tuesday by the Office for National Statistics.
UK workers '£11k worse off since 2008' due to stagnant wage growth
British workers are £11,000 worse off a year after 15 years of “unprecedented” wage stagnation and economic policy failure, the Resolution Foundation think tank said on Monday.
German economy to shrink in Q1
The German economy is expected to contract in the first quarter, according to the Bundesbank.