GDP
GDP (Gross Domestic Product) is a vital economic indicator that directly affects the UK jewellery industry’s health. Fluctuations in GDP influence consumer spending, investor confidence, and retail performance—critical factors for jewellers, suppliers, and manufacturers. Jewellery Focus delivers comprehensive coverage on GDP trends, economic forecasts, and their implications for jewellery trade strategies. We analyse how shifts in UK economic growth impact demand, pricing, stocking decisions, and expansion plans, enabling trade professionals to make informed business decisions in changing market conditions.
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Jun- 2020 -10 JuneCoronavirus
UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic
The continuing impact of the Covid-19 virus is expected to see the UK economy contract by 7.2% in 2020, with the economy unlikely to be able to fully restart until a vaccine or effective treatments for the virus are available. This is according to KPMG UK’s latest quarterly Economic Outlook, which considered…
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May- 2020 -13 MayRetailers
UK economy shrinks by 2% as pandemic takes its toll
The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the Covid-19 pandemic. This is according to new data from the Office for National Statistics (ONS), which also found that gross domestic product (GDP) fell by 5.8% during March, the largest fall…
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Apr- 2020 -28 AprilCoronavirus
UK economy not expected to recover until 2023, study suggests
The UK’s economy is not expected to return to normal until 2023 due to the coronavirus pandemic, according to a new report issued by economic forecasting group EY Item Club. The group has warned that it is likely to take three years for the UK economy to return to the…
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16 AprilCoronavirus
Government extends lockdown for ‘at least’ three more weeks
The government has announced an extension to the coronavirus lockdown for “at least” a further three weeks. The decision was announced at today’s (16 April) press briefing which was led by foreign secretary Dominic Raab. It also comes after Raab led an emergency Cobra committee and cabinet meetings about the…
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Mar- 2020 -11 MarchBusiness Bites
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures include: A £12bn plan to provide…
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Feb- 2020 -14 FebruaryBusiness Bites
German stagnation, Javid out, RBS gets environmental, Norton no-show
The German economy has stagnated due to significant falls in spending and exports. New figures show that GDP ‘flat lined’ (financial jargon for neither growing nor contracting) in the final quarter of 2019, bad news since economists and analysts had hoped that it would grow about 0.1%. It means Germany’s…
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11 FebruaryAnalysis
Yes, the trade barriers are coming
I think both Leavers and Remainers probably expected this in the long run – Michael Gove announced yesterday that businesses should “accept” that frictionless trade with the EU will be impossible whatever agreement is finally reached by the deadline of 31 December this year. This is the cost, he says,…
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Jan- 2020 -17 JanuaryAnalysis
The trillion-dollar club has gained Google as a member
Remember at school when teachers used to explain how one million was an essentially incomprehensibly large number? I recall one of mine showing the number represented on a huge rolled out piece of paper as wide and long as a carpet, with precisely one million individual dots. I was about…
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Apr- 2019 -10 AprilRetailers
Business confidence ‘crashes’ to lowest point since 2012
Business optimism has “crashed” to its lowest level since September 2012, according to a new report from accountants and business advisors BDO. BDO’s Optimism Index, which shows how businesses expect output to develop in the next three to six months, plummeted to 96.10 in March from 99.79 in February. According…
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Apr- 2017 -12 AprilManufacturers
Lighting specialists Parify to launch in US
Parify, which specialises in retail display and lighting for jewellers, has announced plans to expand into the US. Co-owners Andy Twigg and Scot Walker, founded the business back in 2013 when they discovered a gap in the market for LED lighting. The company has seen “impressive growth” over the past…
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