UK Data Response CIPS/Markit Report on Services (Sep.) September’s strong CIPS report on services provided reassurance that the fall in the manufacturing PMI was not symptomatic of a wider malaise and that the recovery will remain fairly strong over the... 3rd October 2014 · 1 min read
UK Data Response Markit/CIPS Report on Manufacturing (Sep.) September’s CIPS manufacturing survey provided another sign that the sector’srecovery lost some vim in the third quarter. However, we doubt that this summer’ssoftening marks the beginning of a... 1st October 2014 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q2) The significant revisions to the UK’s national accounts have not changed the fundamental picture that the economy’s performance since the recession began in 2008 has been very weak by historical and... 30th September 2014 · 1 min read
UK Data Response CBI Distributive Trades Survey (Sep.) September’s CBI Distributive Trades Survey provided another encouraging sign that the continued weakness of wages has not prevented the recovery in retail sales from remaining robust. 25th September 2014 · 1 min read
UK Data Response Public Finances (Aug.) Significant methodological changes have not altered the fact that the coalition is still struggling to bring the deficit down as quickly as planned. But there are reasons to think that the borrowing... 23rd September 2014 · 1 min read
UK Data Response Retail Sales (Aug.) August’s retail sales figures showed that the recovery in consumer spending still has momentum despite the continued real pay squeeze and looming interest rate hikes. 18th September 2014 · 1 min read
UK Data Response MPC Minutes (Sep.) & Labour Data (Jul./Aug.) The minutes of September’s MPC meeting struck a fairly dovish tone, while the continued weakness of average earnings growth has bolstered the case for keeping interest rates on hold over the coming... 17th September 2014 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Aug.) August’s consumer prices figures confirmed that CPI inflation has remained on a downward trend despite the economic recovery’s strength. Looking ahead, we continue to think that it could fall to as... 16th September 2014 · 1 min read
UK Data Response Industrial Production & Trade (Jul.) July’s industrial production and trade figures provided tentative indications that the UK’s strong and stable economic recovery has continued into the third quarter of the year. 9th September 2014 · 1 min read
UK Data Response BRC Retail Sales Monitor (Aug.) August’s strong BRC Retail Sales Monitor provided an encouraging sign that the recovery in consumer spending has maintained plenty of momentum. Moreover, the prospects for consumer spending towards... 9th September 2014 · 1 min read
UK Data Response CIPS/Markit Report on Services (Aug.) & GDP Revisions The strengthening of the CIPS/Markit services survey in August provides reassurancethat the economic recovery is not losing pace. Meanwhile, although revised GDPfigures show that the recession was... 3rd September 2014 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Aug.) The latest CIPS manufacturing survey provided another sign that the sector’s recovery is struggling to maintain its momentum in the third quarter. However, it still looks on track to enjoy a solid... 1st September 2014 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Aug.) The GfK composite index of consumer confidence strengthened to match June’s 9-year high in August. It is encouraging that consumers’ confidence remains strong as they prepare for the first interest... 29th August 2014 · 1 min read
UK Data Response CBI Distributive Trades Survey (Aug. & Q3) August and Q3’s CBI Distributive Trades Survey provided an encouraging sign that the recovery in consumer spending retained plenty of momentum in the third quarter. What’s more, the prospects for... 28th August 2014 · 1 min read
UK Data Response Retail Sales & Public Finances (Jul.) July’s retail sales figures provided reassurance that consumers are still willing tospend more even though an interest rate hike is looming. Meanwhile, July’s publicfinances showed that the fiscal... 21st August 2014 · 1 min read
UK Data Response MPC Minutes (Aug.) The minutes of August’s MPC meeting, revealing the first split interest rate vote since July 2011, indicate that a 2014 rate hike cannot be ruled out. But the low inflation outlook suggests the odds... 20th August 2014 · 1 min read
