The UK economy stagnated in October as Brexit uncertainties and upcoming election weighed on most of the sectors, data from the Office for National Statistics showed Tuesday.Gross domestic product remained unchanged in October from September, when it was down 0.1 percent. The dominant service sector grew only 0.2 percent month-on-month after showing nil growth. Nonetheless, this was slightly faste...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.