UK Economics Chart Pack Consumers remain confident despite pay squeeze The official data and survey evidence have been unequivocal in suggesting that the recovery in consumer spending has remained robust over the last few months. Admittedly, some of the existing supports... 18th September 2014 · 1 min read
UK Economics Chart Pack Inflation subdued despite strong recovery While the economic recovery has remained strong, there is still little sign that inflationary pressuresare emerging. CPI inflation was just 1.6% in July and the recent decline in import prices, fall... 3rd September 2014 · 1 min read
UK Economics Chart Pack Spending growth strong despite weak earnings The prospects look bright for a continued solid recovery in consumer spending. Although we do notknow yet what happened to overall consumer spending in Q2, the available data on retail sales... 21st August 2014 · 1 min read
UK Economics Chart Pack Recovery maintains strong momentum The 0.8% quarterly rise in Q2 GDP and the pick-up in the composite PMI in July suggests that therecovery still has plenty of momentum. Admittedly, growth has become increasingly dependent onthe... 5th August 2014 · 1 min read
UK Economics Chart Pack Strong Q2 growth likely to be sustained The recovery in consumer spending has shown few signs of flagging. Retail sales volumes were 1.6% higher in Q2 than in Q1, while growth in spending off the high street seems to have remained strong... 24th July 2014 · 1 min read
UK Economics Chart Pack Pay growth likely to spring back soon While the economic recovery appears to have accelerated in Q2, workers are still failing to see the benefits in their pay packets. Annual growth in average weekly earnings fell from 2.2% to -1.7% in... 3rd July 2014 · 1 min read
UK Economics Chart Pack Rapid jobs gains fuel spending growth The recovery in consumer spending seems to be gathering pace thanks to rising confidence and strong employment growth. Admittedly, there are still signs of fragility – real earnings are still not... 20th June 2014 · 1 min read
UK Economics Chart Pack Strong growth but still no productivity rebound While the latest activity surveys suggest that the recovery might have gathered pace in the second quarter, a revival in productivity has remained elusive. Indeed, firms are hiring workers in record... 4th June 2014 · 1 min read
UK Economics Chart Pack Margins remain under pressure While real household spending is continuing to pick up strongly, retailers have remained under pressure to offer generous discounts. Indeed, the retail sales deflator fell into negative territory in... 22nd May 2014 · 1 min read
UK Economics Chart Pack Recovery robust but housing market concerns build The last month’s data has provided further evidence that the UK economy is enjoying a ‘Goldilocks’ scenario of solid, but not excessive, growth and low inflation. The latest PMI surveys suggest that... 8th May 2014 · 1 min read
UK Economics Chart Pack Rising real pay boosts consumer recovery The latest data indicate that the outlook for UK consumers remains bright. Inflationary pressures look set to continue to ease over the course of the year, which should mean that real pay picks up... 25th April 2014 · 1 min read
UK Economics Chart Pack Falling inflation enhances recovery prospects The last month has brought more good news on inflation. CPI inflation eased from 1.9% to 1.7% in February, the lowest rate since October 2009. Meanwhile, past falls in commodity and import prices... 3rd April 2014 · 1 min read
UK Economics Chart Pack Consumers have a spring in their step The recovery in consumer spending has shown no signs of slowing this year, with indicators suggesting that both retail and consumer services spending have grown strongly. Admittedly, households have... 27th March 2014 · 1 min read
UK Economics Chart Pack Real pay squeeze continuing to ease The squeeze on real earnings is continuing to ease, increasing the chances that 2014 is the first year that real pay rises since the financial crisis. Granted, the headline (three month average of the... 5th March 2014 · 1 min read
UK Economics Chart Pack Strong spending recovery still underway Consumer spending still looks set to grow strongly this year. Real incomes should be boosted by a gradual pick-up in pay growth, falling inflation and further increases in employment. And with the... 21st February 2014 · 1 min read
UK Economics Chart Pack Outlook for 2014 still bright The economic recovery appears to have remained strong at the start of 2014. Although the composite CIPS/Markit activity index weakened again in January, it still points on the basis of past form to... 5th February 2014 · 1 min read
