US car production fell 11% in April, attributing the decline to issues such as continuing processor shortages and the impact of the war in Ukraine, and the impact it had on supply chains. The association of car manufacturers and dealers stressed that a total of 60,554 cars left the production lines in April, compared to […]
Tag: United Kingdom
United Kingdom: Retail sales rebounded in April
UK retail sales rebounded in April, beating analysts’ estimates as spending on alcohol, fuel and e-shops rose, the ONS statistics office said. Retail sales volumes rose 1.4% in the previous month compared to March, while economists expected retail sales to decline by 0.3%. Compared to April 2021, retail sales fell 4.9%. However, sales for April […]
UK retail sales yoy fall less than expected in April, GBP/USD rises to daily highs near 1.2500
The UK retail sales fell 4.9% year-on-year in April, moderating the estimated 7.2% decline. This is the first drop after three consecutive months of increases and the biggest drop seen since January 2021. The March figure was positively revised, going from +0.9% to +1.3%. Monthly retail sales grew 1.4%, improving the -0.2% expected and -1.2% […]
United Kingdom: Inflation at 9% in April, 40 years high
Inflation in the UK hit a four-decade high of 9% in April as higher energy prices inflated household bills, exacerbating a living crisis that is squeezing real consumer incomes. The consumer price index has grown at the fastest rate since 1982, rising sharply from 7% in March, according to the ONS statistics service. Economists expected […]
United Kingdom: Annual inflation rises to 9% in April compared to the estimated 9.1%, its highest level in the current historical series
The UK Consumer Price Index year-on-year has risen to 9% in April from 7% in March, its highest level in the series published by National Statistics since it began in January 1997. It is also the largest increase seen in the previously constructed series, which dates back to January 1989. The result, not However, it […]
UK: ILO unemployment rate surprises positively with drop to 3.7% in March
The UK jobless claims fell by 56,900 in April, improving on the estimated decline of 38,800. In March, the indicator fell by 46,900. The reduction in unemployment requests is extended to fourteen consecutive months. The ILO unemployment rate in the three months from January to March has fallen one tenth, from 3.8% in February to […]
UK: Undersecretary of State Says EU Trade War on Northern Ireland Unlikely
The UK government does not expect a possible decision to circumvent parts of the terms of the Brexit deal for Northern Ireland that would lead to a trade war with the European Union, Business Secretary Kwasi Kwarteng told the BBC. “I do not think there will be a trade war,” Kwarteng told the BBC in […]
London defense agreements with Finland, Sweden
A few hours before Finland’s formal request for NATO membership, a strategic agreement was signed with the United Kingdom. The same with Sweden. The handshake of Boris Johnson with Magdalena Anderson and Saulie Niinisto does not specify another agreement. They mark the beginning of the end of the military neutrality of the two Nordic countries. […]
United Kingdom: Growth slowed in the first quarter
The UK economy continued to expand in the first quarter, albeit at a slower pace than in the last quarter of 2021, and showed signs of slowing growth in March as the cost-of-living crisis weighed on activity. GDP ran at a rate of 0.8% in the period January-March, compared to the previous quarter, according to […]
Sinn Féin’s historic victory in Northern Ireland
For the first time, the party that wants to unite with the rest of Ireland is leading in the parliamentary elections, a defeat for the Union Party (DUP). Finally for the United Kingdom? Five years after the 2017 parliamentary elections on Thursday, the Northern Irish were again called to vote for the 90 MPs who […]