UK Data Response

CBI Industrial Trends Survey (Apr. & Q2)

The CBI Industrial Trends Survey for April & Q2 showed a slight improvement in manufacturing activity over the past month and firms are still optimistic about the future, despite the risks surrounding...

25th April 2016 · 1 min read

UK Data Response

Public Finances & Retail Sales (Mar.)

March’s fall in retail sales added to other evidence indicating that the economic recovery has slowed since the start of the year. While there was better news on public borrowing, the OBR’s full-year...

21st April 2016 · 1 min read

UK Data Response

Labour Market Data (Feb./Mar.)

Today’s UK labour market data added to recent signs that the economy slowed at the start of 2016. Accordingly, interest rates look set to be on hold for a while yet.

20th April 2016 · 1 min read

UK Data Response

Consumer Prices & Producer Prices (Mar.)

March’s consumer prices release showed the economy’s movement away from deflation resumed after stalling in February.

12th April 2016 · 1 min read

UK Data Response

BRC Retail Sales Monitor (Mar.)

March’s BRC sales figures showed surprisingly weak retail sales growth. While we don’t think this points to a sharp slowdown in consumer spending, it does support the view that this year may not be...

12th April 2016 · 1 min read

UK Data Response

Industrial Production & Trade (Feb.)

February’s trade and industrial production figures add to the evidence that the economy has made an uninspiring start to the year and suggest that growth remains heavily unbalanced.

8th April 2016 · 1 min read

UK Data Response

Markit/CIPS Report on Services (Mar.)

A rebound in the Markit/CIPS services survey in March suggests that the sector’s recovery is getting back on track, following a poor February. However, the survey is still consistent with a slowdown...

5th April 2016 · 1 min read

UK Data Response

Markit/CIPS Report on Manuf. (Mar.)

Another dismal UK Markit/CIPS manufacturing survey suggests that the sector is still struggling to put its troubles last year behind it. But the manufacturing sector’s prospects should begin to look...

1st April 2016 · 1 min read

UK Data Response

National Accounts & Balance of Payments (Q4)

The Quarterly National Accounts showed the recovery regained a little pace at the end of 2015 but this partly contributed to growing imbalances in the economy.

31st March 2016 · 1 min read

UK Data Response

GfK/NOP Consumer Confidence (Mar.)

Consumer confidence held steady in March at a level a little below last year’s average. But with confidence still high by past standards, a sharp slowdown in household spending growth is not likely to...

31st March 2016 · 1 min read

UK Data Response

Retail Sales (Feb.)

We doubt that February’s dip in retail sales is the beginning of a more pronounced slowdown in the pace of the consumer recovery. What’s more, while there are some headwinds to spending growth, the...

24th March 2016 · 1 min read

UK Data Response

Consumer Prices & Public Finances (Feb.)

February’s disappointing public finances figures were yet another blow for the Chancellor by suggesting the OBR’s new forecasts published in last week’s Budget already look too optimstic . Meanwhile...

22nd March 2016 · 1 min read

UK Data Response

CBI Industrial Trends Survey (Mar.)

Despite some improvement, March’s CBI Industrial Trends Survey indicates that the manufacturing sector recovery remains sluggish, although there are some reasons for optimism further ahead.

21st March 2016 · 1 min read

UK Data Response

Labour Market Data (Jan./Feb.)

With the Chancellor setting the backdrop to this afternoon’s Budget as one where the global “storm clouds” are gathering, today’s labour market figures offer a ray of sunshine. However, wage growth is...

16th March 2016 · 1 min read

UK Data Response

Trade (Jan.)

With recent survey evidence suggesting the economic recovery has lost some pace at the start of the year, today’s trade figures suggest that growth was worryingly unbalanced too.

11th March 2016 · 1 min read