UK Data Response Nationwide House Prices (Jul.) The drop in the Nationwide house price index in July was hardly a surprise given the generally downbeat signs from other housing market data over the past few weeks. But it adds to the growing body of... 29th July 2010 · 1 min read
UK Data Response Mortgage Lending (Jun.) The subdued picture of lending activity was reinforced today as mortgage approvals for house purchase recorded their largest fall for five months. Although we doubt approvals will fall significantly... 29th July 2010 · 1 min read
UK Data Response Mortgage Lending (Jun.) The renewed falls in mortgage market activity are weighing on house prices. With lending unlikely to pick up significantly this year, due to constraints on both supply and demand, recent falls in... 29th July 2010 · 1 min read
UK Data Response Nationwide House Prices (Jul.) The drop in the Nationwide house price index in July was hardly a surprise given the generally downbeat signs from other housing market data over the past few weeks. But it adds to the growing body of... 29th July 2010 · 1 min read
UK Data Response Nationwide House Prices (Jul.) 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... 29th July 2010 · 1 min read
UK Data Response Preliminary GDP (Q2) The UK economy grew significantly more quickly than expected in the second quarter of the year. But there are still good reasons to expect the recovery to be pretty lacklustre in the coming quarters. 23rd July 2010 · 1 min read
UK Data Response Retail Sales (Jun.) June’s official retail sales figures suggested that the prospect of the sharpest fiscal tightening in decades hasn’t stopped consumers spending yet. But we doubt that this strength can last. 22nd July 2010 · 1 min read
UK Data Response Public Finances (Jun.) June’s public finances figures put something a dent in recent hopes that the fiscal position is now on a clearly improving path. 20th July 2010 · 1 min read
UK Data Response UK Labour Data (May/Jun.) The UK labour market is starting to benefit from the recovery in the wider economy. But we still doubt that private sector hiring will be able to offset the sheer scale of the looming public sector... 14th July 2010 · 1 min read
UK Data Response UK Consumer Prices (Jun.) The further fall in headline inflation in June suggests that there is still little pressing need for an interest rate rise. But with core price pressures remaining stubborn, inflation nerves will... 13th July 2010 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q1) Q1’s national accounts highlighted the fragility of the recovery seen so far. We still doubt that the economy is in good enough shape to withstand the fiscal squeeze that is about to start in earnest. 12th July 2010 · 1 min read
UK Data Response UK Trade (May) May’s trade figures continued the recent run of disappointing news on the UK recovery. But at least price pressures in the industrial sector appear to be easing. 9th July 2010 · 1 min read
UK Data Response UK Industrial Production (May) May’s UK industrial production figures added to recent tentative evidence that the pace of economic recovery may have peaked in the second quarter. 8th July 2010 · 1 min read
UK Data Response CIPS/Markit Report on Services (Jun.) June’s UK CIPS/Markit report on services provided further evidence that the recovery in the largest sector of the economy has lost momentum since the start of the year. 5th July 2010 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Jun.) June’s UK CIPS/Markit report on manufacturing confirms that the recovery in the industrial sector remains robust. But with export orders stalling and credit conditions still tight, the prospects for... 1st July 2010 · 1 min read