The economy had been expected to return to growth but it contracted by 0.1%.
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EURGBP extends its gains for the second successive session following the release of key economic data from the UK and Germany, the largest economy in the European Union and the world’s third-largest exporter. The Euro-Sterling cross trades around 0.8280 during the early European hours on Friday. Data released by the Office for National Statistics reported that the UK Gross Domestic Product contracted 0.1% month-over-month in October, against the expected GDP increase of 0.1%. Meanwhile, Industrial Production fell 0.6% MoM following a previous decline of 0.5%, against the expected 0.3% rise. The monthly Manufacturing Production declined 0.6% in October, against the
The economy had been expected to return to growth but it contracted by 0.1%.
The United Kingdom’s economy contracted by 0.1% in October, marking the second consecutive month of decline. This decline underscores the persistent...
October brought a healthy 30% jump (year over year) in Canadian home sales, and November more or less followed suit. The latest statistics from the...
The Office for National Statistics said gross domestic product contracted 0.1% in October.
The Office for National Statistics said gross domestic product contracted 0.1% in October.
(EurActiv) -- US President-elect Donald Trump said on Friday (20 December) that the European Union may face tariffs if the bloc does not cut its...
Britain’s economy shrank unexpectedly by 0.1 per cent in October, adding to signs of a bigger-than-expected slowdown
Britain’s economy shrank unexpectedly by 0.1 per cent in October, adding to signs of a bigger-than-expected slowdown
Within the manufacturing sector, 18 out of 23 industry groups have recorded a positive growth in October over the same month of the previous year.
Within the manufacturing sector, 18 out of 23 industry groups have recorded a positive growth in October over the same month of the previous year.