UK economy shrinks in January; stocks and euro jump on German debt deal – business live

UK economy unexpectedly contracts by 0.1% in January in blow to the chancellor ahead of spring statementLet’s look at the GDP figures in more detail.The 0.9% drop in production output in January, which came after 0.5% growth in December, was mainly caused by a 1.1% slump in manufacturing while mining and quarrying also declined. Basic metals and metal products were down along with pharmaceutical products. Continue reading...

Mar 14, 2025 - 15:09
 0
UK economy shrinks in January; stocks and euro jump on German debt deal – business live

UK economy unexpectedly contracts by 0.1% in January in blow to the chancellor ahead of spring statement

Let’s look at the GDP figures in more detail.

The 0.9% drop in production output in January, which came after 0.5% growth in December, was mainly caused by a 1.1% slump in manufacturing while mining and quarrying also declined. Basic metals and metal products were down along with pharmaceutical products. Continue reading...