Following last week’s fast-paced events, the UK will see its first major economic release today with updated employment figures. Expectations have been beaten with the unemployment rate coming in at 4.3% the forecast was for 4.1%. This release reflects potential shifts in the labour market as businesses adjust to recent economic changes.
This employment data follows the UK’s recent budget, where Chancellor Rachel Reeves introduced tax hikes targeting business owners. These fiscal changes could affect hiring decisions and employment rates in the coming quarters, with economists watching closely for any immediate impact.
Across the Atlantic, attention shifts to the U.S. and its upcoming Consumer Price Index (CPI) release. Markets expect a slight inflation increase, with the rate predicted to rise to 2.6%, up by 0.2% from last month. This uptick could influence the Federal Reserve’s policy decisions.
In the Eurozone, Thursday’s release of quarterly Gross Domestic Product (GDP) figures is anticipated. Forecasts indicate a modest increase of 0.4%, hinting at cautious growth amid regional economic challenges.
The week will conclude with the UK’s GDP report, projected to rise from 3.2% to 3.8%, signalling resilience despite recent fiscal changes.
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