British consumers received a welcome surprise on Wednesday as official data revealed a sharper-than-expected slowdown in inflation during October. The annual Consumer Price Index (CPI) plunged to 4.6%, a significant drop from September’s high of 6.7%. This deceleration marks the smallest increase in consumer prices in two years, signaling potential relief for the UK economy. […]
Tag Archives: uk economy
The Eurozone economy continues to face headwinds, with business activity remaining stagnant in October, according to the latest Purchasing Managers’ Index (PMI) survey. This marks the second consecutive month of contraction, signaling a challenging economic landscape for the region. Persistent Weakness in Demand The PMI reading for October edged up slightly to 49.7 from September’s […]