UK Data Response

Markit/CIPS Report on Services (Jun.)

June’s CIPS/Markit services survey suggests that the sector’s robust recovery continued in the second quarter, and provides further signs that the wider economic recovery has gathered pace.

3rd July 2014 · 1 min read

UK Data Response

CIPS/Markit Report on Manufacturing (Jun.) & Productivity (Q1)

June’s CIPS report on manufacturing suggested that the recovery in UK industry is going from strength to strength. For now at least, even the stronger pound appears to be doing little to slow the...

1st July 2014 · 1 min read

UK Data Response

National Accounts & Balance of Payments (Q1)

The first quarter’s national accounts brought some positive news on the pace and balance of the UK’s recovery. And while the current account deficit has remained extremely large, there are reasons to...

27th June 2014 · 1 min read

UK Data Response

GfK/NOP Consumer Confidence (Jun 14.)

Despite Mark Carney’s warming that interest rates could rise before the end of the year, consumer confidence has continued to improve, suggesting that the recovery in household spending may gather...

27th June 2014 · 1 min read

UK Data Response

CBI Distributive Trades Survey (Jun.)

Although June’s CBI Distributive Trades Survey was much weaker than expected, it indicated that growth in the retail sector remained strong in Q2 as a whole. What’s more, the outlook for spending in...

25th June 2014 · 1 min read

UK Data Response

Public Finances (May)

May’s public borrowing figures contained tentative signs that the coalition is struggling to bring down the deficit in line with the fiscal plans this year.

20th June 2014 · 1 min read

UK Data Response

Retail Sales (May)

May’s retail sales figures showed that a combination of rapid jobs growth and falling prices is continuing to fuel a strong recovery in consumer spending.

19th June 2014 · 1 min read

UK Data Response

MPC minutes (Jun.)

While the minutes of June’s MPC meeting provided some relief that no members have voted to raise rates just yet, they also sounded a hawkish note in reiterating the Governor’s warning that there is a...

18th June 2014 · 1 min read

UK Data Response

Consumer Prices & Producer Prices (May)

May’s drop in UK consumer price inflation demonstrated that strong growth in economic activity is not causing underlying price pressures to build.

17th June 2014 · 1 min read

UK Data Response

Labour Market Data (Apr./May)

Although employment is continuing to grow very rapidly, there still appears to be enough slack in the jobs market to prevent pay growth from picking up.

11th June 2014 · 1 min read

UK Data Response

Industrial Production (Apr.)

April’s industrial production figures added to the growing body of evidence suggesting that the economic recovery might have gathered even more pace in the second quarter.

10th June 2014 · 1 min read

UK Data Response

BRC Retail Sales Monitor (May 14)

Although May’s BRC Retail Sales Monitor showed that an escalating price war between supermarkets is depressing the value of food sales, the recovery in retail spending as a whole looks to have...

10th June 2014 · 1 min read

UK Data Response

Trade (Apr.)

April’s trade figures suggested that the economy is still struggling to rebalance towards exports. And since the impact of sterling’s rise on exports has probably not been felt yet, the recovery is...

6th June 2014 · 1 min read

UK Data Response

CIPS Report on Services (May)

May’s CIPS/Markit services survey echoed the upbeat message of the previous month’s report in suggesting that the economic recovery may still be gathering pace.

4th June 2014 · 1 min read

UK Data Response

Markit/CIPS Report on Manuf. (May) & Mortgage Approvals (Apr.)

The latest data on the manufacturing sector and household borrowing has provided more encouraging evidence that the economic recovery is shifting away from its excessive dependence on housing and...

2nd June 2014 · 1 min read