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
UK Economics Chart Pack Real earnings growth starting to be squeezed With CPI inflation picking up quite quickly and nominal wage growth remaining subdued, households are already facing a squeeze on growth in their real incomes. Indeed, there are some signs that it is... 23rd March 2017 · 1 min read
UK Economics Chart Pack Rising inflation starting to hit households Resilient consumer spending was the main reason why GDP growth held up so well in the wake of the Brexit vote. However, there have been signs that the exchange-rate induced rise in inflation is... 3rd March 2017 · 1 min read
UK Economics Chart Pack Higher inflation starts to bite There are growing signs that the post-referendum strength in consumer spending is beginning to fade. With CPI inflation set to pick up to around 3% by the end of this year, growth in households’ real... 17th February 2017 · 1 min read
UK Economics Chart Pack Post-Brexit momentum maintained at the start of 2017 Following a strong end to 2016, the economy appears to have carried a decent amount of momentum over into 2017. Despite a slight fall in the Markit/CIPS all-sector PMI in January, it is still at a... 6th February 2017 · 1 min read
UK Economics Chart Pack Retailers’ cost pressures build further Household spending has remained remarkably robust, despite Brexit uncertainty. Admittedly, this looks unlikely to last. After all, while wage growth is picking up, inflation is on the rise too. Indeed... 20th January 2017 · 1 min read
UK Economics Chart Pack A strong end to 2016 Revisions from the ONS mean that quarterly GDP growth in Q3 is now estimated to have been 0.6% – the same as in Q2. What’s more, business surveys suggest that this pace was maintained in Q4... 6th January 2017 · 1 min read
UK Economics Chart Pack Good start to the festive season There has been no sign of a let-up in the strong pace of high-street spending growth at the start of the festive season. But it seems doubtful that spending will maintain its recent strength in the... 15th December 2016 · 1 min read
UK Economics Chart Pack Little sign that the economy has slowed in Q4 Both households and businesses appear to have been undeterred by Brexit uncertainty in Q3. What’s more, the latest business surveys suggest that the economy will turn in another solid performance in... 5th December 2016 · 1 min read
UK Economics Chart Pack Consumers continue to shrug off Brexit worries After narrowly avoiding EU fines for its excessive fiscal deficit, the Portuguese Government has a lot of work to do to get its finances in order. But strong political resistance to austerity and... 17th November 2016 · 1 min read
UK Economics Chart Pack Economy sustains its momentum but price pressures rise The latest business surveys suggest that the economy maintained its strength at the start of Q4. Gains in both the Markit/CIPS services and construction PMIs in October left the economy-wide composite... 3rd November 2016 · 1 min read
UK Economics Chart Pack Spending growth holding up well Consumer spending growth is unlikely to maintain the strength seen since the referendum in the coming quarters. Real household incomes are likely to take a hit, with employment intention surveys... 20th October 2016 · 1 min read
UK Economics Chart Pack Q3 growth slowdown won’t be too sharp Both survey and hard data published this month suggest that GDP will grow moderately in Q3, avoiding too sharp of a slowdown from Q2’s upwardly-revised quarterly rate of 0.7%. Indeed, the 0.4% monthly... 5th October 2016 · 1 min read
