UK Data Response

Markit/CIPS Report of Services (Nov.)

November’s Markit/CIPS Report on Services suggests that the UK economy will turn in another solid performance in Q4.

5th December 2016 · 1 min read

UK Data Response

Markit/CIPS Report on Manuf. (Nov.)

November’s Markit/CIPS manufacturing PMI implies that the sector has gained some momentum, following a post-referendum contraction. This should help ensure GDP growth doesn’t slow too much in the near...

1st December 2016 · 1 min read

UK Data Response

UK financial system coping well with uncertainty

While the Bank of England’s Financial Stability Report (FSR) suggested that the UK financial system has fared well during recent uncertainty, it highlighted lingering risks. Nonetheless, we think that...

30th November 2016 · 1 min read

UK Data Response

GfK/NOP Consumer Confidence (Nov.)

The stumble in consumer confidence in November is another sign that the recent strength in spending is unlikely to last. Nonetheless, low interest rates, a resilient labour market, and less fiscal...

30th November 2016 · 1 min read

UK Data Response

CBI Distributive Trades Survey (Nov.)

November’s CBI Distributive Trades Survey suggests that consumer spending has held up well in Q4. However, we still expect a slowdown in the coming quarters.

25th November 2016 · 1 min read

UK Data Response

GDP: Second Estimate & Expenditure Breakdown (Q3)

The second estimate of Q3 GDP left the quarterly rise unrevised at 0.5% and suggested that firms and households have been undeterred by the Brexit vote. Meanwhile, business surveys suggest that the...

25th November 2016 · 1 min read

UK Data Response

CBI Industrial Trends Survey (Nov.)

November’s CBI Industrial Trends Survey provided another indication that economic growth has been better-balanced in Q4. However, it highlighted the impact that the drop in the pound is beginning to...

22nd November 2016 · 1 min read

UK Data Response

Public Finances (Oct.)

While Chancellor Hammond would have welcomed October’s improvement in the public finances, it is unlikely to be a sign of things to come. This will probably prevent him from being too bold in the...

22nd November 2016 · 1 min read

UK Data Response

Retail Sales (Oct.)

October’s retail sales figures provided further evidence that shoppers remain undeterred by the Brexit vote. Nonetheless, this rate of spending growth looks unsustainable, and there are a number of...

17th November 2016 · 1 min read

UK Data Response

Labour Market (Sep./Oct.)

Today’s figures confirmed the indications from the surveys that the leave vote is starting to sap the jobs recovery of its previous strength.

16th November 2016 · 1 min read

UK Data Response

Consumer Prices & Producer Prices (Oct.)

The fall in inflation in October was a temporary stumble along the upward path that should see inflation breach its 2% target in 2017. This will eat into real incomes, but other supportive factors...

15th November 2016 · 1 min read

UK Data Response

Trade (Sep.)

The latest trade figures highlighted that a better performance from the external sector was one of the factors behind the strength of GDP growth in Q3. And the drop in the pound should have some...

9th November 2016 · 1 min read

UK Data Response

Industrial Production (Sep.)

Today’s industrial production figures confirmed that the hit to the manufacturingsector from the Brexit vote wasn’t long-lasting.

8th November 2016 · 1 min read

UK Data Response

BRC Retail Sales Monitor (Oct.)

October’s BRC Retail Sales Monitor suggests that the sector’s momentum continued into Q4. However, this strength is unlikely to last too much longer.

8th November 2016 · 1 min read

UK Data Response

Markit/CIPS Report of Services (Oct.)

October’s Markit/CIPS report on services suggests that the economy got off to a good start in the fourth quarter and is probably the final blow for a cut in Bank Rate at today’s Monetary Policy...

3rd November 2016 · 1 min read