UK Data Response Consumer Prices (Dec.) The rise in CPI inflation from 0.3% in November to 0.6% in December and in the core rate from 1.1% to 1.4% may represent the first step on a climb towards a peak of about 2.5% by the end of the year... 20th January 2021 · 2 mins read
UK Data Response Monthly GDP (Nov.) The economy has built up a fair bit of immunity to lockdowns, as November’s second COVID-19 lockdown was much less painful for the economy than the first lockdown in March/April of last year. The same... 15th January 2021 · 4 mins read
UK Data Response Money & Credit (Nov.) November’s money and credit figures highlighted the divergence between households who continued to pay back credit and invest in property, and small businesses who were once again forced to load up on... 4th January 2021 · 3 mins read
UK Data Response Money & Credit (Nov.) November’s money and credit figures highlighted the divergence between households who continued to pay back credit and invest in property, and small businesses who were once again forced to load up on... 4th January 2021 · 3 mins read
UK Data Response Public Finances (Nov.) November’s surge in borrowing is unlikely to be reversed much over the next few months as the ongoing COVID-19 restrictions keep many businesses closed. This will only increase talk of how to pay for... 22nd December 2020 · 3 mins read
UK Data Response Public Finances (Nov.) November’s surge in borrowing is unlikely to be reversed much over the next few months as the ongoing COVID-19 restrictions keep many businesses closed. This will only increase talk of how to pay for... 22nd December 2020 · 3 mins read
UK Data Response Quarterly National Accounts (Q3) While a double-dip recession is a clear possibility if the Tier 4 COVID-19 restrictions are extended into 2021, Q3’s high saving rate provides optimism that as long as vaccines are effective and... 22nd December 2020 · 3 mins read
UK Data Response Retail Sales (Nov.) The relatively small drop in retail sales in November indicates that the second COVID-19 lockdown didn’t change households spending behaviour by anywhere near as much as the first. And it suggests... 18th December 2020 · 3 mins read
UK Data Response Retail Sales (Nov.) The relatively small drop in retail sales in November indicates that the second COVID-19 lockdown didn’t change households spending behaviour by anywhere near as much as the first. And it suggests... 18th December 2020 · 3 mins read
UK Data Response IHS Markit/CIPS Flash PMIs (Dec.) The small rebound in the composite PMI in December suggests that GDP did not make much of a recovery after the hit to activity from the COVID-19 lockdown in November. But it is probably understating... 16th December 2020 · 3 mins read
UK Data Response IHS Markit/CIPS Flash PMIs (Dec.) The small rebound in the composite PMI in December suggests that GDP did not make much of a recovery after the hit to activity from the COVID-19 lockdown in November. But it is probably understating... 16th December 2020 · 3 mins read
UK Data Response Consumer Prices (Nov.) The sharp fall in inflation from 0.7% in October to 0.3% in November (consensus 0.6%) and in the core rate from 1.5% to 1.1% came as a bit of a surprise. However, some of these moves were driven by... 16th December 2020 · 2 mins read
UK Data Response Consumer Prices (Nov.) The sharp fall in inflation from 0.7% in October to 0.3% in November (consensus 0.6%) and in the core rate from 1.5% to 1.1% came as a bit of a surprise. However, some of these moves were driven by... 16th December 2020 · 2 mins read
UK Data Response Labour Market (Oct./Nov.) The smaller-than-expected fall in employment in October shows that the government’s furlough scheme has minimised the labour market damage from COVID-19 so far and provides encouragement that there... 15th December 2020 · 2 mins read
UK Data Response Labour Market (Oct./Nov.) The smaller-than-expected fall in employment in October shows that the government’s furlough scheme has minimised the labour market damage from COVID-19 so far and provides encouragement that there... 15th December 2020 · 2 mins read
