UK Data Response CBI Industrial Trends Survey (Sep.) The continued strength of the CBI Industrial Trends Survey in September suggests that the improvement in the official manufacturing output data in July will continue throughout the third quarter. 22nd September 2017 · 1 min read
UK Data Response Good news for the Chancellor in the lead-up to the Budget August’s public finances figures will come as welcome news to the Chancellor in the lead-up to the Budget on 22nd November and further increases the scope to ease back on austerity a touch. • 21st September 2017 · 1 min read
UK Data Response Retail Sales (Aug.) Today’s retail sales figures indicate that consumers are showing impressive resilience in the face of the real pay squeeze and suggest that talk of the economy losing further momentum has been... 20th September 2017 · 1 min read
UK Data Response Labour Market (Jul.) The latest labour market figures continued the recent pattern of employment growing strongly and the unemployment rate falling further, but wage growth failing to respond. 13th September 2017 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Aug.) The pick-up in inflation in August took it close to its eventual peak, although it is likely to provide the more hawkish members of the Monetary Policy Committee (MPC) with ammunition ahead of... 12th September 2017 · 1 min read
UK Data Response Industrial Production, Construction & Trade (Jul.) Today’s flurry of activity data suggests that external-facing sectors are still providing little offset to the consumer slowdown. But there are some signs that net trade could provide more support in... 8th September 2017 · 1 min read
UK Data Response Markit/CIPS Services PMI (Aug.) August’s services PMI suggests that the economy is struggling re-accelerate in the third quarter, after a disappointing first half of the year. However, there are still some good reasons to expect... 5th September 2017 · 1 min read
UK Data Response BRC Retail Sales Monitor (Aug.) Following a weak CBI retail sales survey in August, the BRC’s retail sales figures for the same month provide some reassurance that retail spending is continuing to prove resilient to the real pay... 5th September 2017 · 1 min read
UK Data Response Markit/CIPS Manufacturing PMI. (Aug.) The broad-based strength of August’s manufacturing PMI survey adds weight to our view that the sector will put the disappointing first half to the year behind it, and will probably provide a decent... 1st September 2017 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Aug.) Despite their concerns about the economic outlook, consumers are still upbeat about their own financial position. As a result, we still think that the slowdown in household spending growth this year... 31st August 2017 · 1 min read
UK Data Response CBI Distributive Trades Survey (Aug.) Although August’s CBI Distributive Trades survey was far weaker than expected, it still suggests that retail spending growth has maintained a fairly reasonable pace of growth in the third quarter so... 24th August 2017 · 1 min read
UK Data Response GDP: Second Estimate & Expenditure Breakdown (Q2) The second estimate of Q2 GDP confirmed that the economy maintained a fairly sluggish pace, while the breakdown was disappointing. However, there are still reasons to expect a modest acceleration in... 24th August 2017 · 1 min read
UK Data Response CBI Industrial Trends Survey (Aug.) The CBI Industrial Trends Survey continues to point to a sharp improvement in the fortunes of the manufacturing sector. 22nd August 2017 · 1 min read
UK Data Response Public Finances (Jul.) July’s public finances brought some cheer for the Chancellor after the run of fairly poor outturns seen so far this fiscal year. But this will probably prove to be just a temporary blip, rather than... 22nd August 2017 · 1 min read
UK Data Response Retail Sales (Jul.) July’s retail sales figures were fairly encouraging given the ongoing squeeze on consumers’ real incomes and suggest that talk of a sharp consumer slowdown has been overdone. 17th August 2017 · 1 min read
UK Data Response Labour Market (Jun.) The latest labour market figures showed some signs that the tightening in the labour market may be at long last leading to a recovery in wage growth and provide us with optimism that the real pay... 16th August 2017 · 1 min read
