UK Data Response

CBI Industrial Trends Survey (May)

The strong tone of May’s CBI Industrial Trends Survey comes on top of April’s overwhelmingly-upbeat Markit/CIPS manufacturing survey and provides another reason to be optimistic that the economy has...

19th May 2017 · 1 min read

UK Data Response

Retail Sales (Apr.)

April’s retail sales figures will help to allay concerns that real consumer spending growth is slowing sharply in the face of higher inflation and provide another reason to be optimistic that GDP...

18th May 2017 · 1 min read

UK Data Response

Labour Market (Mar.)

The latest labour market figures highlighted that wage growth remains weak, despite the continued decline in labour market slack.

17th May 2017 · 1 min read

UK Data Response

Consumer Prices & Producer Prices (Apr.)

The sharp rise in CPI inflation in April mainly reflected a number of factors that won’t be repeated and we think that this brought inflation close to its eventual peak.

16th May 2017 · 1 min read

UK Data Response

Industrial Production, Construction & Trade (Mar.)

Today’s activity data re-affirmed that the economy lost some momentum in Q1 but showed some signs that GDP growth is becoming slightly better balanced.

11th May 2017 · 1 min read

UK Data Response

BRC Retail Sales Monitor (Apr.)

April’s BRC Retail Sales Monitor suggests that consumers loosened their purse strings over the Easter holidays and helps to allay concerns that real consumer spending growth is slowing sharply in the...

9th May 2017 · 1 min read

UK Data Response

Markit/CIPS Services PMI (Apr.) & H’hold Borrowing (Mar.)

April’s Markit/CIPS Services PMI implies that quarterly GDP growth will bounce back from the sharp slowdown experienced in Q1. And March’s household borrowing figures suggest that consumer spending...

4th May 2017 · 1 min read

UK Data Response

Markit/CIPS Report on Manuf. (Apr.)

April’s Markit/CIPS manufacturing PMI suggests that the sector made a strong start to the second quarter and provides hope that this strength should be maintained in the coming months.

2nd May 2017 · 1 min read

UK Data Response

Preliminary estimate of GDP (Q1)

With consumers feeling the adverse effects of sterling’s post-referendum fall, the economy has started to cool. But we doubt this is the start of a sustained slowdown.

28th April 2017 · 1 min read

UK Data Response

GfK/NOP Consumer Confidence (Apr.)

Consumer confidence edged down this month, but the big picture remains that consumers are weathering the squeeze on their spending power from higher inflation well.

28th April 2017 · 1 min read

UK Data Response

CBI Distributive Trades Survey (Apr.)

After a dismal quarter for the high street in Q1, the strength of April’s CBI Distributive Trades Survey is welcome news and helps to allay fears that real consumer spending growth is slowing sharply...

27th April 2017 · 1 min read

UK Data Response

Public Finances (Mar.)

March’s public sector finances figures confirmed the large fall in borrowing that the OBR expected for the 2016-17 fiscal year. However, with much of the drop due to temporary factors, borrowing will...

25th April 2017 · 1 min read

UK Data Response

CBI Industrial Trends Survey (Apr. & Q2)

The slightly softer tone of April’s CBI Industrial Trends Survey suggests that the manufacturing sector started Q2 on a fairly weak footing. But the survey’s forward-looking elements suggest any...

24th April 2017 · 1 min read

UK Data Response

Retail Sales (Mar.)

March’s drop in retail sales suggests that the consumer spending slowdown is gathering pace and adds to other evidence indicating that the economic recovery has slowed since the end of last year.

21st April 2017 · 1 min read

UK Data Response

Labour Market (Feb.)

While underlying wage growth is still struggling to keep pace with inflation, the continued strength of employment growth is one reason to think that any slowdown in spending growth won’t be too sharp...

12th April 2017 · 1 min read