Source: Office for National Statistics The average house price rose by 10.9% over the year to February 2022, an increase from 10.2% in January 2022. FTSE 100 up +0.0065%, GBPUSD down -0.01% Prices increased by 0.8% in the month, after a 1.1 monthly increase in January despite the possibility of rate hikes to ease inflation, driving up borrowing costs.The annual house … [Read more...] about UK House Prices Jump by Annual 10.9% in February
UK
UK Employment Unchanged at 75.5%
Source: Office for National Statistics The United Kingdom’s employment rate was unchanged in the December to February period while unemployment eased. EWU is down 0.12%, while EZU is up 0.19% premarket. The UK employment rate was largely unchanged at 75.5% during the quarter but remained below levels seen prior to the COVID-19 pandemic.The number of full-time employees … [Read more...] about UK Employment Unchanged at 75.5%
UK Economic Growth Slows on Lower Production, Construction
Source: Office for National Statistics The United Kingdom’s economic growth slowed in February, led mainly by the services sector, which was partially offset by other sectors. EWU is down 0.35%, while EZU is up 0.40% premarket. The gross domestic product (GDP) grew by 0.1% in February, slower than the 0.8% growth recorded in January.Growth was led mainly by services which … [Read more...] about UK Economic Growth Slows on Lower Production, Construction
UK Trade Deficit Hits £18.3 Billion as Exports Climb While Imports Slip
Source: Office for National Statistics The United Kingdom posted a narrowed trade deficit in February, as imports contracted while exports expanded during the period. EWU is down 0.35%, while EZU is up 0.40% premarket. The total trade in goods balance grew by £3.1 billion to mark an £18.3-billion deficit versus the previous month.Total exports for the month stood at £28.6 … [Read more...] about UK Trade Deficit Hits £18.3 Billion as Exports Climb While Imports Slip
UK Construction Output Flat, Business Optimism Slips to 17-Month Low
Source: Markit Economics Construction output in the United Kingdom was unchanged in March from the previous month but remained at the fastest growth since June 2021. EWU is down 0.35% The Construction Purchasing Managers’ Index was recorded at 59.1 in March, unchanged from February. This is still the fastest growth since June last year.Respondents cited inflationary … [Read more...] about UK Construction Output Flat, Business Optimism Slips to 17-Month Low
