UK Data Response

CBI Distributive Trades Survey (May & Q2)

Although May’s CBI Distributive Trades Survey suggested that growth in retail spending may slow from recent stellar rates, it still indicated that the consumer recovery has remained robust in the...

28th May 2014 · 1 min read

UK Data Response

GDP Second Estimate (Q1) & Public finances (Apr.)

The second estimate of Q1 GDP provided more evidence that the recovery is based on solid foundations. But April’s public finances made for less encouraging reading.

22nd May 2014 · 1 min read

UK Data Response

MPC Minutes (May) & Retail Sales (Apr.)

While the minutes of May’s MPC meeting suggested that one or two members may vote to raise interest rates soon, most seem content to leave policy on hold for a good deal longer. Meanwhile, April’s...

21st May 2014 · 1 min read

UK Data Response

Consumer Prices & Producer Prices (Apr.)

While CPI inflation rose in April, this largely reflected a temporary boost from the later timing of Easter this year. Underlying price pressures have remained subdued and we continue to think that...

20th May 2014 · 1 min read

UK Data Response

Bank of England Inflation Report (May)

May’s fairly dovish Inflation Report might go some way to cool expectations that the Monetary Policy Committee will raise interest rates as soon as the first quarter of next year.

14th May 2014 · 1 min read

UK Data Response

Labour Market Data (Mar./Apr 14.)

While the economic recovery is creating jobs at a rapid pace, there still appears to be plenty of slack in the labour market which is keeping a lid on pay growth.

14th May 2014 · 1 min read

UK Data Response

BRC Retail Sales Monitor (Apr 14.)

April’s BRC Retail Sales Monitor indicates that consumers loosened their purse strings over the Easter holidays. And the positive outlook for employment and real pay suggests that the consumer...

13th May 2014 · 1 min read

UK Data Response

Industrial Production and Trade (Mar.)

Whilst March’s industrial production data indicated that the manufacturing recovery remains robust, the latest trade data provided tentative signs of some rebalancing towards the external sector.

9th May 2014 · 1 min read

UK Data Response

Markit/CIPS Report on Services (Apr.)

April’s CIPS/Markit Services report provided encouraging evidence that the domestic recovery retained a healthy degree of momentum at the beginning of Q2.

6th May 2014 · 1 min read

UK Data Response

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

The latest data on the manufacturing sector and household borrowing have provided some further encouraging evidence of a rebalancing of the UK’s economic recovery away from excessive dependence on...

1st May 2014 · 1 min read

UK Data Response

GfK/NOP Consumer Confidence (Apr.)

April’s GfK/NOP survey indicates that consumers remained upbeat at the start of the second quarter. And with real wages now on the rise, consumer spending looks set to continue to drive the overall...

30th April 2014 · 1 min read

UK Data Response

Preliminary GDP (Q1)

The provisional Q1 GDP figures confirmed that the economic recovery picked up momentum in the early months of 2014. But the combination of solid - rather than spectacular - growth and low inflation...

29th April 2014 · 1 min read

UK Data Response

Retail Sales (Mar.)

March’s retail sales figures supported the message from other recent indicators that consumer spending retains plenty of momentum and that the broader economic recovery probably picked up pace in Q1.

25th April 2014 · 1 min read

UK Data Response

CBI Distributive Trades Survey (Apr.)

Although the strength of April’s CBI Distributive Trades Survey partly reflects an Easter-related boost, underlying growth in retail sales appears to be strong.

24th April 2014 · 1 min read

UK Data Response

CBI Industrial Trends Survey (Apr. & Q2)

The CBI’s Industrial Trends Survey for April and the second quarter provided further encouraging signs that the manufacturing recovery remains robust.

23rd April 2014 · 1 min read