The British economy stalled in the last quarter of 2022, following a downwardly revised 0.2% fall in the previous period and matching market expectations, preliminary estimates showed. The services sector slowed to flat output driven by falls in the education, and transport and storage sub-sectors. Also, growth of 0.3% in construction was offset by a 0.2% fall in the production sector. On the expenditure side, growth in household expenditure, government expenditure and gross fixed capital formation was offset by a fall in international trade flows.
The Gross Domestic Product (GDP) in the United Kingdom expanded 0.40% in the fourth quarter of 2022 over the same quarter of the previous year, in line with analysts' estimates, preliminary data showed
Monthly GDP MoM in the United Kingdom decreased to -0.50% in December from 0.10% in November, above expectations of -0.3%
Industrial Production increased 0.30% in December over the previous month,above expectations of -0.2%
Manufacturing Production increased to 0.0% in December from -0.60% in November, above expectations of -0.2%
GBPUSD saw a relatively small reaction to today’s data set. Initially currency pair fell after however buyers manage to quickly regain control. Source: xStation5
Daily Summary: Bitcoin Excites Investors Despite the Fed's Hawkish Shift🏛️
BREAKING: US industrial production & manufacturing data lower than expected
Yen loses ground after the BoJ decision
Hawkish remarks by BOJ Governor strengthen the yen – key takeaways
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.