UK Economics Rapid Response Markit/CIPS Report on Services (Jun.) The Markit/CIPS services survey was thankfully not as bad as the construction survey released yesterday. But it was not that good either and suggests that the economy struggled to grow much at all in... 5th July 2016 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (Jun.) While the UK Markit/CIPS manufacturing survey suggests that the manufacturing sector re-gained some vigour in June, it probably won’t be enough to prevent the sector from slipping back into recession... 1st July 2016 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q1) Today’s Quarterly National Accounts and Balance of Payments data for Q1 highlighted the imbalances in the UK economy which should come under more scrutiny in light of last week’s Brexit vote. 30th June 2016 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Jun.) Consumer sentiment remained resilient in the run up to the referendum, suggesting that consumer spending will have prevented the economy from slowing too much in the second quarter. But it will be... 30th June 2016 · 1 min read
UK Data Response CBI Distributive Trades Survey (Jun.) June’s CBI Distributive Trades Survey paints a fairly disappointing picture of the retail sector in the days preceding the EU referendum. However, the survey hasn’t been an especially reliable guide... 28th June 2016 · 1 min read
UK Economics Update How does markets’ Brexit shock compare to past crises? While Friday’s largest-ever daily drop in sterling and the significant hit to UK equities following the vote to leave the EU were undoubtedly extremely significant, the overall degree of market... 27th June 2016 · 1 min read
UK Data Response CBI Industrial Trends Survey (Jun.) The CBI Industrial Trends Survey for June showed an improvement in manufacturing activity despite the sector facing subdued external demand and the domestic uncertainty caused by the EU referendum. 21st June 2016 · 1 min read
UK Data Response Public Finances (May) Adding to the Chancellor’s concerns about the outcome of the EU referendum on Thursday, the public finances don’t appear to be on track to meet the OBR’s forecasts from the March Budget. 21st June 2016 · 1 min read
UK Data Response Retail Sales (May.) May’s official retail sales figures suggest that EU referendum uncertainty hasn’t held back spending on the high street and that consumers will prevent GDP growth from slowing too much in Q2. 16th June 2016 · 1 min read
UK Data Response Labour Market Data (Apr./May) The healthy performance of the labour market provides more evidence that growth has not slowed markedly in Q2 ahead of the looming referendum. 15th June 2016 · 1 min read
UK Data Response Consumer Prices & Producer Prices (May) May’s inflation figures showed that price pressures in the economy remain subdued. However, inflation should still gather more pace next year, regardless of which way the EU referendum vote goes next... 14th June 2016 · 1 min read
UK Data Response Trade (Apr.) Despite the narrowing in the UK’s trade deficit in April, net trade still doesn’t appear to be providing any support to the economy. But the prospects for trade look brighter further ahead. 9th June 2016 · 1 min read
UK Data Response Industrial Production (Apr.) Despite the upbeat tone of April’s industrial production figures, it is far too soon to proclaim that the sector is out of the woods, or shrugging off Brexit uncertainty. 8th June 2016 · 1 min read
UK Data Response BRC Retail Sales Monitor (May) May’s BRC retail sales data were fairly encouraging, following two months of disappointing readings. Overall, there’s relatively little sign that consumer spending is suffering much from uncertainty... 7th June 2016 · 1 min read
UK Data Response Markit/CIPS Report on Services (May) The improvement in the UK Markit/CIPS services survey in May provides reassurance that the economic recovery has not ground to a halt in Q2. But this is still consistent with an easing in GDP growth... 3rd June 2016 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (May) & Money and Credit (Apr.) The small improvement in the Markit/CIPS manufacturing survey in May did little to change the fundamental picture of a struggling industrial sector. But we remain optimistic that the sector’s... 1st June 2016 · 1 min read
