British retail sales rose 0.7% in March, defying forecasts of a 0.1% decline, as motorists stocked up on fuel amid sharply rising prices linked to the Iran war, according to the Office for National Statistics. The surge in fuel purchases drove the overall increase, with petrol and diesel sales volumes jumping 6.1% — the highest … Read more
The U.K. Economy expanded by 0.5% in February, according to preliminary data from the Office for National Statistics released Thursday. This growth significantly outperformed Reuters economist polls, which had projected a modest 0.1% monthly increase. Construction led the rebound with a 1% increase, while both production and services sectors grew by 0.5%. This follows a … Read more
UK GDP expanded by 0.5% in February, far exceeding the 0.1% growth economists expected, though the gain arrives just as a new war in the Middle East threatens to erase it. The surge suggests the economy was gaining momentum before military operations began on February 28, creating a stark contrast between the official data and … Read more