Recession-hit Britain Swings to Economic Growth in January
UK gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly.
The headline figure was in line with the forecast from economists polled by Reuters.
It follows a 0.1% contraction in December, while the UK economy entered a shallow recession in the second half of last year.
Construction output was 1.1% higher in January, the ONS said, but fell 0.9% over a three-month period. Services recorded 0.2% growth in January, providing the biggest contribution to growth, as production output fell 0.2%.
Source: CNBC
Stock Futures Little Changed after S&P 500 Closes at New Record High
Stock futures were calm on Wednesday morning after Wall Street saw the S&P 500 close at a fresh high.
Futures tied to the Dow Jones Industrial Average dipped 12 points, or less than 0.1%. S&P 500 futures and Nasdaq 100 futures were also within 0.1% of the f
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