UK Data Response Consumer Prices & Producer Prices (Mar.) March’s unchanged CPI inflation rate is just a temporary pause in an upward trend which will probably take inflation to just over 3% later this year. 11th April 2017 · 1 min read
UK Data Response BRC Retail Sales Monitor (Mar.) March’s BRC Retail Sales Monitor provides further evidence that higher inflation is starting to slow growth in household spending. But the timing of Easter makes it hard to draw any strong conclusions... 11th April 2017 · 1 min read
UK Data Response Industrial Production, Construction & Trade (Feb.) February’s data on industrial production and construction supported over evidence that the economy has lost a little momentum in Q1. But growth is likely to have remained fairly solid. 7th April 2017 · 1 min read
UK Data Response Markit/CIPS Report on Services (Mar.) March’s strong Markit/CIPS report on services provides some reassurance that the economy retained a decent amount of momentum in Q1 and that, despite intensifying headwinds, growth won’t slow too... 5th April 2017 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (Mar.) The slight fall in the manufacturing PMI in March suggests that the sector saw a modest slowdown in the first quarter. But the bigger picture is that the sector is still performing well by recent... 3rd April 2017 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q4) The latest Quarterly National Accounts highlighted that the economy as a whole expanded at a solid pace at the end of last year, although at first glance it raises some questions about the... 31st March 2017 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Mar.) Consumer confidence appears to be holding up well, providing another reason to think that the likely slowdown in spending growth this year won’t be too severe. 31st March 2017 · 1 min read
UK Data Response CBI Distributive Trades Survey (Mar.) The CBI Distributive Trades Survey held its ground in March. But given that the survey remains much weaker than it was towards the tail end of last year, it still points to a significant slowdown in... 23rd March 2017 · 1 min read
UK Data Response Retail Sales (Feb.) The latest retail sales figures will provide some reassurance that higher inflation has not brought growth in consumer spending to a complete halt. That said, the outlook for spending this year is... 23rd March 2017 · 1 min read
UK Data Response CBI Industrial Trends Survey (Mar.) The latest CBI Industrial Trends Survey illustrates that the drop in the pound continues to have some beneficial effects, with the manufacturing sector in particular appearing to have put in a good... 21st March 2017 · 1 min read
UK Data Response Consumer Prices & Public Finances (Feb.) February’s CPI figures have increased the chances of an earlier interest rate hike than markets have been expecting. Meanwhile, the fall in public borrowing was in line with the OBR’s new downwardly... 21st March 2017 · 1 min read
UK Data Response Labour Market (Jan.) The latest labour market data show that average earnings growth is not picking up alongside inflation, resulting in a squeeze on real wage growth. However, we think that the tightness of the labour... 15th March 2017 · 1 min read
UK Data Response Industrial Production, Construction & Trade (Jan.) Today’s deluge of economic data as part of the ONS’ “Theme Days” suggest that the pound’s post-referendum slide is helping growth to become more balanced. 10th March 2017 · 1 min read
UK Data Response BRC Retail Sales Monitor (Feb.) February’s BRC Retail Sales Monitor added to other evidence that the hit to real consumer spending growth from higher inflation is now starting to materialise. 7th March 2017 · 1 min read
UK Data Response Markit/CIPS Report on Services (Feb.) February’s Markit/CIPS services survey adds to other evidence that suggests that the economy has lost a bit of momentum in the first quarter. And there are a number of headwinds that are likely to... 3rd March 2017 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (Feb.) Despite the fall in February’s Markit/CIPS manufacturing PMI, the survey still suggests that the sector carried a decent amount of momentum into 2017. However, there are signs that price rises are... 1st March 2017 · 1 min read
