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04/12/2013
UK Economy Grew In Q3
The UK economy grew by 0.8% in the third quarter of 2013, according to the Office for National Statistics.
GDP has now risen by 1.8% during the latest three quarters, indicating conditions similar to the expansion between Q3 2009 and Q2 2010 as the UK began to recover from the economic downturn.
Unemployment fell for the sixth successive quarter in the three months to September.
But despite recent gains in GDP, inflation and the labour market, a comparison with 2009-10 showed that Real Household Disposable Income per capita remains at the same level first achieved in 2005, reflecting falls in real hourly wage.
Household expenditure in the fourth quarter of each year since 1997 has been on average 6.7% higher than quarterly spend in the rest of the year.
This spike in Christmas time spending has been most marked on optical equipment, other clothing and clothing accessories, and games, according to the report.
(IT/CD)
GDP has now risen by 1.8% during the latest three quarters, indicating conditions similar to the expansion between Q3 2009 and Q2 2010 as the UK began to recover from the economic downturn.
Unemployment fell for the sixth successive quarter in the three months to September.
But despite recent gains in GDP, inflation and the labour market, a comparison with 2009-10 showed that Real Household Disposable Income per capita remains at the same level first achieved in 2005, reflecting falls in real hourly wage.
Household expenditure in the fourth quarter of each year since 1997 has been on average 6.7% higher than quarterly spend in the rest of the year.
This spike in Christmas time spending has been most marked on optical equipment, other clothing and clothing accessories, and games, according to the report.
(IT/CD)
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26 January 2010
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The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
26 April 2005
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
17 April 2003
Regional imports suffer £1bn slump
Government figures released today have revealed that the value of regional imports has slumped by around £1 billion over the past quarter. According the Customs and Excise report, estimates for the fourth quarter 2002 saw regional imports dip £1 billion, or 2%, on the third quarter's figures to £51.4 billion.
Regional imports suffer £1bn slump
Government figures released today have revealed that the value of regional imports has slumped by around £1 billion over the past quarter. According the Customs and Excise report, estimates for the fourth quarter 2002 saw regional imports dip £1 billion, or 2%, on the third quarter's figures to £51.4 billion.
05 June 2006
UK manufacturing hits ten-year high
British manufacturing is continuing to improve in 2006, with more companies increasing output in the second quarter than at any time in the last ten years, according to a report.
UK manufacturing hits ten-year high
British manufacturing is continuing to improve in 2006, with more companies increasing output in the second quarter than at any time in the last ten years, according to a report.
10 April 2014
M&S Clothing Sales Start To Recover
Marks & Spencer has said its clothing sales have started to recover, but sales across its wider non-food division have fallen for the eleventh consecutive quarter. In the three months to the end of March, like-for-like sales were down by 0.6%. However, it added its like-for-like clothing sales had increased by 0.6%.
M&S Clothing Sales Start To Recover
Marks & Spencer has said its clothing sales have started to recover, but sales across its wider non-food division have fallen for the eleventh consecutive quarter. In the three months to the end of March, like-for-like sales were down by 0.6%. However, it added its like-for-like clothing sales had increased by 0.6%.
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