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UK Economy Stagnates as Manufacturing Plummets, Jobless Claims Surge in US

9/15/2025

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Summary

Story summary

UK GDP stagnated in July 2025, with manufacturing output dropping 1.3%, the largest decline in a year.
Nine out of thirteen subsectors fell, particularly electronics (-7%) and pharmaceuticals (-4.5%).
Industrial production decreased by 0.9%, reversing June's gains and missing expectations.
The UK economy's annual growth was 1.4%, slightly below forecasts.
In the US, jobless claims hit a four-year high, and CPI rose to 2.9%.

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Story summary

UK GDP stagnated in July 2025, with manufacturing output dropping 1.3%, the largest decline in a year.
Nine out of thirteen subsectors fell, particularly electronics (-7%) and pharmaceuticals (-4.5%).
Industrial production decreased by 0.9%, reversing June's gains and missing expectations.
The UK economy's annual growth was 1.4%, slightly below forecasts.
In the US, jobless claims hit a four-year high, and CPI rose to 2.9%.