UK Data Response CIPS/Markit Report on Services (Jan.) January’s CIPS/Markit report on services echoed the other data released in recent days suggesting that the economy has been doing a bit better since the start of the year. But while there is tentative... 5th February 2013 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Jan. 13) January’s CIPS report on manufacturing supports other evidence that any upturn in industrial output at the start of the year will be short-lived. 1st February 2013 · 1 min read
UK Data Response Nationwide House Prices (Jan.) Today’s news that house prices started the year with a modest rise provides some further evidence that the housing market is starting to respond to Government efforts to kick-start the sector. But it... 31st January 2013 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Jan.) January’s modest uptick in consumer confidence is consistent with evidence from the CBI’s Distributive Trades survey that 2013 got off to a so-so start. But talk of a “triple-dip” recession following... 31st January 2013 · 1 min read
UK Data Response Provisional GDP (Q4) The UK economy is contracting again. Although Q4’s drop in GDP was partly down to temporary factors, another contraction in Q1 is quite possible, meaning that the UK may now be in a “triple dip”. And... 25th January 2013 · 1 min read
UK Data Response CBI Distributive Trades Survey (Jan.) Although indicating a modest slowdown in sales growth, January’s CBI Distributive Trades Survey still suggested that retailers enjoyed a reasonable level of activity in January. But signs of optimism... 24th January 2013 · 1 min read
UK Data Response MPC mins. (Jan.), Speeches by King and Cameron The minutes of January’s MPC meeting suggested that the views of its members are becoming increasingly polarised, indicating that next month’s decision over whether or not to provide the economy with... 23rd January 2013 · 1 min read
UK Data Response Labour Market Data (Nov./Dec.) The labour market appears to have found a second wind following earlier indications that its strength was fading. But the price for this resilience is very depressed earnings growth. 23rd January 2013 · 1 min read
UK Data Response CBI Industrial Trends Survey (Jan. & Q1.) January’s CBI Industrial Trends survey suggested that the conditions required for a sustained recovery in manufacturing output this year remain absent. 22nd January 2013 · 1 min read
UK Data Response Public finances (Dec.) December’s public finances data ended 2012 on a disappointing note. While the deficit in the last quarter of the fiscal year will be flattered by temporary factors, including the transfer of the Bank... 22nd January 2013 · 1 min read
UK Data Response Retail Sales (Dec.) December’s drop in the official measure of retail sales volumes confirmed that it was a fairly lacklustre festive period for the high street and provided more evidence that the UK has slipped into a... 18th January 2013 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Dec.) Inflation held at 2.7% in December, marking the third full year of above-target price rises. Inflation is likely to stay close to this rate in the near-term, pushing real pay down further this year... 15th January 2013 · 1 min read
UK Data Response Industrial Production (Nov.) November’s disappointing UK industrial production and construction figures provided yet more evidence that the economy probably contracted in the fourth quarter of last year. 11th January 2013 · 1 min read
UK Data Response Trade (Nov.) Following Friday’s disappointing results from the CIPS/Markit report on services, November’s trade data provided another reminder that the economy is likely to have contracted in the last quarter of... 9th January 2013 · 1 min read
UK Data Response BRC Retail Sales Monitor (Dec.) December’s BRC Retail Sales Monitor was in line with other evidence suggesting that retailers experienced a relatively flat festive season. With consumers’ real incomes still falling, the high street... 8th January 2013 · 1 min read
UK Data Response CIPS/Markit Report on Services (Dec.) December’s CIPS/Markit report on services broke the run of good news seen so far this new year and suggested that the economy still looks likely to have contracted in the final quarter of 2012. 4th January 2013 · 1 min read
