UK Data Response

BRC Retail Sales Monitor (Oct.)

October’s BRC Retail Sales Monitor might raise concerns that the consumer recovery is losing steam. However, the underlying picture is not as weak as it looks.

11th November 2014 · 1 min read

UK Data Response

Trade (Sep.)

September’s trade data provided further signs that the UK’s recovery remained distinctly domestic-led in the third quarter as exporters struggled to cope with the strong pound and weak external demand...

7th November 2014 · 1 min read

UK Data Response

Industrial Production (Sep.)

September’s industrial production data confirmed that the weaker global backdrop and strong pound have held back the manufacturing sector’s recovery. However, robust domestic demand should ensure its...

6th November 2014 · 1 min read

UK Data Response

CIPS Report on Services (Oct.)

Despite the weaker-than-expected tone of October’s Markit/CIPS services survey,the UK’s economic recovery looks unlikely to lose much steam in the fourth quarter.

5th November 2014 · 1 min read

UK Data Response

Markit/CIPS Report on Manufacturing (Oct.)

October’s Markit/CIPS manufacturing survey provided some tentative signs that the sector’s recovery regained some momentum at the beginning of Q4. However, it will remain up to the services sector to...

3rd November 2014 · 1 min read

UK Data Response

GfK/NOP Consumer Confidence (Oct.)

While the GfK/NOP composite index of consumer confidence edged down again in October, it remained consistent on past form with robust spending growth. What’s more, sentiment should be supported by a...

31st October 2014 · 1 min read

UK Data Response

CBI Distributive Trades Survey (Oct.)

The CBI Distributive Trades Survey provided an encouraging sign that retail sales picked up in October following weather-related weakness last month. What’s more, the prospects for consumer spending...

27th October 2014 · 1 min read

UK Data Response

Preliminary estimate of GDP (Q3)

The preliminary estimate of Q3 GDP showed that the UK’s economic recovery has broadly maintained its momentum despite the weak global environment and stronger sterling exchange rate.

24th October 2014 · 1 min read

UK Data Response

CBI Industrial Trends Survey (Oct & Q4.)

The weaker-than-expected tone of October and Q4’s CBI Industrial Trends Survey added to other indicators which suggest that the near-term outlook for UK manufacturers remains pretty gloomy.

23rd October 2014 · 1 min read

UK Data Response

Retail Sales (Sep.)

September’s monthly decline in retail sales volumes can be entirely explained by temporary factors. Indeed, the recovery in consumer spending still looks robust.

23rd October 2014 · 1 min read

UK Data Response

MPC Minutes (Oct.)

The minutes of October’s MPC meeting showed that the views of those voting to keep interest rates on hold have becoming more entrenched. As such, we have pushed back our forecast for the first rise in...

22nd October 2014 · 1 min read

UK Data Response

Labour Market Data (Aug./Sep.)

The latest labour market figures indicated that the economy is finally starting to see the pick-up in productivity that is required for both the recovery to maintain its present momentum and real...

15th October 2014 · 1 min read

UK Data Response

Consumer Prices & Producer Prices (Sep.)

September’s sharp fall in consumer price inflation supports those members of the Monetary Policy Committee arguing that there is still no hurry to raise interest rates.

14th October 2014 · 1 min read

UK Data Response

BRC Retail Sales Monitor (Sep.)

September’s BRC Retail Sales Monitor highlighted the diverging prospects for the food and non-food retail sectors. Whilst growth in overall retail spending may have slowed a touch in Q3, it should...

14th October 2014 · 1 min read

UK Data Response

Industrial Prod. (Aug.) & BoE Credit Conditions Survey (Q3)

August’s fairly weak industrial production figures provided further evidence thatthe economic recovery remained unbalanced in the third quarter. Meanwhile, Q3’sCredit Conditions Survey suggested that...

7th October 2014 · 1 min read