January GDP report to show if UK economy was growing before Iran war energy shock – business live

2026-03-13 - 07:13

Rolling coverage of the latest economic and financial news Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy. A lot has changed since January – with conflict in the Middle East driving oil prices to $100 a barrel, disrupting supply chains and fuelling stagflation fears. After a disappointing end to the year, we expect the economy to jump to a flying start in Q1-26. Indeed, activity data has thus far been encouraging. And we expect some catch up in the first couple of months of the year, after a weak Q4-25. The upcoming GDP report won’t be front and centre for markets, however. Events in the Middle East continue to overshadow lagged data. 7am GMT: UK GDP report for January 7am GMT: UK trade report for January 10am GMT: Eurozone industrial production report for January 12.30pm GMT: US PCE inflation measure 2pm GMT: US JOLTs Job Openings report 2pm GMT: University of Michigan’s survey of US consumer confidence Continue reading...