UK Data Response

Labour Market (May)

The final set of labour market figures before the Monetary Policy Committee’s (MPC’s) August meeting will not deter the Committee from pressing ahead and raising interest rates.

17th July 2018 · 1 min read

UK Data Response

GDP monthly estimate (May)

Although GDP came in a touch below the consensus expectation in May, it still looks likely that quarterly growth in Q2 will be in line with the Monetary Policy Committee’s (MPC’s) expectation. As a...

10th July 2018 · 1 min read

UK Data Response

Markit/CIPS Services PMI (Jun.)

June’s Markit/CIPS services survey provided further signs that the economy has rebounded after the weak start to the year and keeps the Monetary Policy Committee (MPC) on track to raise interest rates...

4th July 2018 · 1 min read

UK Data Response

UK Markit/CIPS Manufacturing PMI (Jun.)

June’s manufacturing PMI suggests that the sector has rebounded from a disappointing Q1. And the forward-looking balances provided some encouragement that the outlook for the sector has improved.

2nd July 2018 · 1 min read

UK Data Response

Quarterly National Accounts (Q1)

Despite the upward revision to Q1 GDP growth, the breakdown left the economy looking a little more fragile than before. But there are still reasons to be optimistic about the growth outlook.

29th June 2018 · 1 min read

UK Data Response

GfK/NOP Consumer Confidence (Jun.)

June’s GfK/NOP survey showed that consumer confidence dipped at the end of Q2. But with real wages set to rise more strongly towards the end of the year, sentiment and consumer spending growth should...

29th June 2018 · 1 min read

UK Data Response

Public Finances (May)

May’s public finances figures not only confirmed that the new fiscal year is off to a good start, but also that borrowing in 2017/18 was lower than previously thought. As such, the Chancellor should...

21st June 2018 · 1 min read

UK Data Response

Retail Sales (May)

May’s retail sales figures have added to the evidence that consumer spending growth has regained some pace following the softness at the start of the year.

14th June 2018 · 1 min read

UK Data Response

Consumer Prices & Producer Prices (May)

The rise in oil prices has brought the recent downward trend in CPI inflation to a halt. But we doubt it will be too long before inflation starts to drift down again.

13th June 2018 · 1 min read

UK Data Response

Labour Market (Apr.)

Another strong set of employment figures in April suggests that firms remain positive about the outlook for demand despite the economy going through a soft patch at the start of the year.

12th June 2018 · 1 min read

UK Data Response

Industrial Production, Construction & Trade (Apr.)

The early hard data for Q2 will have done little to reassure the Monetary Policy Committee (MPC) that the slowdown in Q1 will prove temporary. But the surveys suggest that some rebound is in store.

11th June 2018 · 1 min read

UK Data Response

Markit/CIPS Services PMI (May)

May’s Markit/CIPS report on services provides us with further reassurance that the weakness in GDP growth in Q1 will prove temporary and increases the chances of the MPC pressing ahead with an...

5th June 2018 · 1 min read

UK Data Response

BRC Retail Sales Monitor (May)

May’s BRC Retail Sales Monitor reported the strongest year-on-year increase in sales in over a year, suggesting that consumers are embracing the end of the real pay squeeze.

5th June 2018 · 1 min read

UK Data Response

UK Markit/CIPS Manufacturing PMI (May)

May’s Markit/CIPS manufacturing survey suggests that the sector is putting in a strong performance in Q2, after the poor start to the year.

1st June 2018 · 1 min read

UK Data Response

GfK/NOP Consumer Confidence (May)

May’s GfK/NOP survey showed that consumers are still in pretty good spirits, providing some reassurance that the economy got back on track again in Q2 after the weak start to the year.

31st May 2018 · 1 min read