UK Economics Chart Pack Economy re-gains some momentum The latest evidence suggests that the economy has picked up some pace in the second half of the year. For a start, quarterly GDP growth edged up from Q2’s 0.3% rate, to 0.4% in Q3. And October’s... 6th November 2017 · 1 min read
UK Economics Chart Pack Spending holding up as pay squeeze reaches its worst There can be no question that consumer spending growth has suffered as nominal pay growth has lagged behind the ongoing currency-driven bout of higher inflation. But some of the slowdown in consumer... 19th October 2017 · 1 min read
UK Economics Chart Pack Economy struggling to pick up pace The latest evidence suggests that the economy has maintained a fairly modest pace in Q3. Indeed, the Markit/CIPS all-sector PMI is consistent, on the basis of past form, with quarterly GDP growth of 0... 5th October 2017 · 1 min read
UK Economics Chart Pack Consumers remain resilient despite pay squeeze There has been little let up in the squeeze on consumers’ finances. But until now, at least, the consumer has been showing impressive resilience, with high-street spending having grown strongly over... 20th September 2017 · 1 min read
UK Economics Chart Pack Economy struggling to pick up much pace in Q3 The economy looks unlikely to post a significant pick-up in growth in the third quarter. Indeed, the average level of the Markit/CIPS all-sector PMI in July and August is consistent, on the basis of... 6th September 2017 · 1 min read
UK Economics Chart Pack Spending holding up well despite real pay squeeze There have been some tentative signs that the tight labour market is translating into stronger pay gains. Even so, earnings growth needs to gather more pace in order to match the rise in CPI inflation... 30th August 2017 · 1 min read
UK Economics Chart Pack Sterling’s slide against the euro continues Sterling has fallen by 7.5% against the euro since mid-May. The fall comes despite relative interest rate expectations pointing to a strengthening of the pound against the single currency. But while... 14th August 2017 · 1 min read
UK Economics Chart Pack Economy makes a reasonable start to Q3 After a fairly meagre 0.3% expansion in Q2, the economy looks to have made a reasonable start to Q3. Indeed, rises in both the manufacturing and services sector PMIs in July left the all-sector PMI... 3rd August 2017 · 1 min read
UK Economics Chart Pack High-street spending ends Q2 on stronger footing The squeeze in real wages looks likely to intensify as inflation continues to rise to around 3%. However, nominal spending should continue to hold up well, supported by strong employment growth... 20th July 2017 · 1 min read
UK Economics Chart Pack GDP growth still looks to have accelerated in Q2 The incoming economic data appeared to take a bit of a turn for the worse over the past month, with the headline balances of all three Markit/CIPS PMIs falling in June. What’s more, consumer... 6th July 2017 · 1 min read
UK Economics Chart Pack Real pay squeeze intensifies The squeeze in real wages looks likely to intensify as as inflation continues to rise to above 3%. However, nominal spending should continue to hold up well, supported by strong employment growth... 15th June 2017 · 1 min read
UK Economics Chart Pack Surveys still point to rebound in GDP growth in Q2 While the downward revision to the ONS’ estimate of Q1 GDP growth from 0.3% to just 0.2% was a disappointment, the business surveys still suggest that a pick-up in growth in Q2 is on the cards... 6th June 2017 · 1 min read
UK Economics Chart Pack Spending growth holding up despite real pay squeeze With CPI inflation set to reach just over 3% later this year and pay growth still subdued, the squeeze on real earnings growth should intensify as the year progresses. But the news that spending on... 18th May 2017 · 1 min read
UK Economics Chart Pack Q1 slowdown should prove temporary We doubt that the sharper-than-expected slowdown in quarterly GDP growth from 0.7% in Q4 to 0.3% is a sign of things to come. Indeed, output surveys point to an acceleration in growth at the start of... 4th May 2017 · 1 min read
UK Economics Chart Pack Spending slowdown underway A poor quarter on the high street in Q1 suggests that the slowdown in consumer spending growth is gathering pace. Moreover, with the full impact of the forthcoming rise in inflation yet to be felt... 21st April 2017 · 1 min read
UK Economics Chart Pack Growth slower but still solid in Q1 The last month has brought further signs that GDP growth has slowed a little from the rapid rates seen towards the end of last year. Output fell in all the main sectors in January. And the timelier... 6th April 2017 · 1 min read
