UK Data Response Markit/CIPS Report on Manuf. (Jun.) June’s Markit/CIPS manufacturing PMI suggests that growth in the sector accelerated in Q2, following the slowdown in Q1. However, it raised some questions about the sustainability of this faster rate... 3rd July 2017 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q1) While Q1’s National Accounts confirmed that quarterly GDP growth slowed sharply at the start of 2017, there are signs that growth has re-accelerated. 30th June 2017 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Jun.) The latest consumer confidence survey suggests that the squeeze on real earnings is starting to weigh on sentiment. However, this shouldn’t prevent consumer spending growth from holding up relatively... 30th June 2017 · 1 min read
UK Data Response CBI Distributive Trades Survey (Jun.) June’s CBI Distributive Trades Survey provided further reason to think that consumer spending growth re-accelerated in Q2, after a pretty poor performance in Q1. 27th June 2017 · 1 min read
UK Data Response CBI Industrial Trends Survey (Jun.) Manufacturers’ overwhelmingly positive response to June’s CBI Industrial Trends Survey adds to other evidence suggesting that the slowdown in manufacturing output shown in the hard data will prove... 22nd June 2017 · 1 min read
UK Data Response Public Finances (May) May’s figures suggest that the public sector finances have made a solid start to the fiscal year, although we doubt that this will continue for too much longer. And fiscal policy is still set to... 21st June 2017 · 1 min read
UK Data Response Retail Sales (May) May’s retail sales figures show that recent rises in inflation continue to weigh on the growth in sales volumes. However, the strength of sales values suggests that, when the impact of the fall in the... 15th June 2017 · 1 min read
UK Data Response Labour Market (Apr.) Despite the significant recent erosion of slack in the labour market, wage growth has failed to keep up with inflation and will weigh on consumer spending this year. 14th June 2017 · 1 min read
UK Data Response Consumer Prices & Producer Prices (May) After rising unexpectedly in May, we think that CPI inflation is now not far away from its peak. Indeed, the effects of the lower pound already appear to be fading at the start of the production... 13th June 2017 · 1 min read
UK Data Response Industrial Production, Construction & Trade (Apr.) Although all eyes this morning have been on the General Election result, a flurry of UK activity data has also been released, which has cast some doubt on the likely strength of the bounce-back in... 9th June 2017 · 1 min read
UK Data Response BRC Retail Sales Monitor (May) Despite the weakness in May’s BRC Retail Sales Monitor, growth in consumer spending on retail goods still looks set to rebound in Q2. Nonetheless, the squeeze on households’ real incomes is likely to... 6th June 2017 · 1 min read
UK Data Response Markit/CIPS Services PMI (May) May’s Markit/CIPS report on services still implies that GDP growth has accelerated after the sharp slowdown experienced in Q1. And the forward-looking balances suggest that this pace can be maintained... 5th June 2017 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (May) May’s Markit/CIPS manufacturing PMI suggests that growth in the sector has reaccelerated in Q2, following the slowdown in Q1. And there are signs that this rate of growth will be maintained in the... 1st June 2017 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (May) The resilience of consumer confidence supports our view that household spending will still grow at a decent pace this year despite the squeeze on real income growth. 31st May 2017 · 1 min read
UK Data Response GDP: Second Estimate & Expenditure Breakdown (Q1) The second estimate of Q1 GDP presented a slightly weaker picture of the economy’s recent performance than previous numbers had suggested. But growth is likely to pick back up in the quarters ahead. 25th May 2017 · 1 min read
UK Data Response CBI Distributive Trades Survey (May) Despite the weak tone of May’s CBI Distributive Trades Survey, growth in retail spending is still likely to put in a better performance in the second quarter. 23rd May 2017 · 1 min read
