Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The UK economy was flat in Q4, data released by the Office for National Statistics on Friday showed, as a slowdown in December almost pushed the economy into recession.
The data came in just below the Bank of England's forecast of 0.1% growth, but on its own, it won't swing the needle on a furure policy decision, with upcoming labour market and inflation data likely to be more important.
The economy contracted 0.5% in December, leaving GDP at +0.0% in Q4 (it rose 0.01% to 2 decimal places). The services sector was a drag, hampered by consumer spending and strikes across a variety of sectors. For 2022 as a a calendar year, the economy grew 4.0%, but still stood below pre-pandemic levels, whether measured against Q4 2019 or February 2020.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.