UK GDP History Is Being Rewritten as ONS Overhauls Services Measurement

The ONS has lifted its estimate of 2024 UK nominal GDP by 0.5% and raised the service sector’s share of gross value added to 81.2% after a major measurement overhaul.

The ONS has lifted its estimate of 2024 UK nominal GDP by 0.5% and raised the service sector’s share of gross value added to 81.2% after a major measurement overhaul.

Germany’s industrial producer prices rose 3.0% from a year earlier in July and 1.1% from June, with intermediate goods and energy driving the renewed acceleration in upstream costs.

Employment fell by 15,800 people and participation slipped to 66.9%, adding to signs of a gradual easing in Australia’s labour market.

The partners said intismeran plus Keytruda improved recurrence-free and distant metastasis-free survival in a 1,137-patient Phase 3 trial, while overall survival remains under evaluation.

The euro area’s monthly surplus rose by €9 billion from May, while the 12-month balance remained below its year-earlier level as the goods surplus narrowed.

Australia’s Wage Price Index rose 0.8% for a fifth straight quarter, while annual private-sector wage growth eased to 3.1% and public-sector growth held at 3.4%.

A three-day U.S. suspension pushes the Section 338 duties to August 22, giving Ottawa and Washington a narrow window to negotiate over alcohol, dairy and autos.

Gasoline prices rose 25.7% from a year earlier, while several core inflation measures remained close to the Bank of Canada’s 2% target.

Bankruptcy declarations in the 21-country euro area rose 6.9% from Q1 on a seasonally adjusted basis, reversing the prior quarter’s decline as new business registrations slipped 0.1%.

UK job vacancies fell to 707,000 in the three months to July, while payroll employment remained below year-earlier levels and private-sector pay growth slowed to 2.8%.