UK Data Response UK Retail Sales (Aug.) August’s fall in retail sales volumes tentatively suggested that the surprising resilience of consumer spending of late could be coming to an end. 16th September 2010 · 1 min read
UK Data Response UK Labour Data (Jul./Aug.) The latest UK labour market figures showed that while employment is still rising strongly, cracks are appearing in the recovery. We still expect unemployment to rise to 3m or so within the next two or... 15th September 2010 · 1 min read
UK Data Response UK Labour Data (Jul./Aug.) The latest UK labour market figures showed that while employment is still rising strongly, cracks are appearing in the recovery. We still expect unemployment to rise to 3m or so within the next two or... 15th September 2010 · 1 min read
UK Data Response Producer Prices (Aug.) August’s UK producer prices figures brought further tentative evidence that cost pressures at the start of the inflation pipeline are beginning to ease. 10th September 2010 · 1 min read
UK Data Response UK Trade (Jul.) July’s dreadful trade figures cast further doubt over the ability of the external sector to drive the recovery once the boost from government and consumer spending fades. 9th September 2010 · 1 min read
UK Data Response UK Ind. Production (Jul.) July’s manufacturing output figures defied the rather gloomier tone of some of the recent industrial surveys. Still, there are good reasons to expect the industrial recovery to lose at least some... 8th September 2010 · 1 min read
UK Data Response Halifax House Prices (Aug.) The latest rise in the Halifax measure of house prices does little to settle the debate about the house price outlook. But the fact that house prices continue to fall on a quarterly basis seems... 8th September 2010 · 1 min read
UK Data Response Halifax House Prices (Aug.) The latest rise in the Halifax measure of house prices does little to settle the debate about the house price outlook. But the fact that house prices continue to fall on a quarterly basis seems... 8th September 2010 · 1 min read
UK Data Response UK CIPS/Markit Report on Services (Aug.) August’s CIPS/Markit Report on Services echoed the sister reports on manufacturing and construction already released this week in signalling a sharp slowdown in growth across the economy. The dangers... 3rd September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) The renewed downturn in house prices signalled by today’s Nationwide index is unlikely to be short-lived. Not only is the market still significantly overvalued on most measures, but the lack of... 2nd September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) The renewed downturn in house prices signalled by today’s Nationwide index is unlikely to be short-lived. Not only is the market still significantly overvalued on most measures, but the lack of... 2nd September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) October’s rise in the Halifax house price index was widely expected, given the size of the previous month’s drop. Moreover, although far stronger than consensus estimates for a 0.6% rise, the... 2nd September 2010 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Aug.) The message from August’s CIPS/Markit Report on manufacturing that the recovery in the industrial sector is losing steam supports our view that overall economic growth is likely to disappoint again in... 1st September 2010 · 1 min read
UK Data Response Mortgage Lending (Jul.) The Bank of England’s mortgage lending statistics for July showed a marginal rise in both the value and volume of mortgages approved. However, the bigger picture is still of subdued activity in the... 31st August 2010 · 1 min read
UK Data Response Mortgage Lending (Jul.) The Bank of England’s mortgage lending statistics for July showed a marginal rise in both the value and volume of mortgages approved. However, the bigger picture is still of subdued activity in the... 31st August 2010 · 1 min read