UK Economics Chart Pack Spending growth moderates Although retail spending has come off the boil in the past couple of months, the consumer recovery is on the whole holding up reasonably well. Indeed, there are few signs that Brexit uncertainty is... 21st April 2016 · 1 min read
UK Economics Chart Pack Growing imbalances cast cloud over recovery While the latest National Accounts showed that the pace of the economic recovery was stronger in Q4 than previously estimated, it highlighted that the economy’s imbalances remain large and have grown... 5th April 2016 · 1 min read
UK Economics Chart Pack Consumer recovery still going strong The consumer recovery is still going strong, with household spending the driving force of the overall economic recovery. Although the retail sales figures have been a bit volatile recently, the... 24th March 2016 · 1 min read
UK Economics Chart Pack Easing global concerns dominate domestic developments Concerns about the strength of the global economy have eased over the past month, boosting market sentiment. This comes despite ongoing worries about the upcoming EU referendum and domestic activity... 15th March 2016 · 1 min read
UK Economics Chart Pack Global uncertainty appears to take its toll on UK activity Global growth worries and uncertainty surrounding the upcoming Brexit referendum seems to have finally dented UK activity. Indeed, all three Markit/CIPS surveys fell in January. The composite PMI now... 3rd March 2016 · 1 min read
UK Economics Chart Pack Momentum continues into 2016 2015 was a good year for the consumer recovery and 2016 looks like it started off on a good footing, with strong retail spending and car registrations in January. The picture for spending in the near... 23rd February 2016 · 1 min read
UK Economics Chart Pack Shift in rate expectations not justified by economic data Over the past few weeks, markets appear to have pushed back their expectation for the timing of the first hike in UK interest rates all the way to Q3 2019, and there has been some speculation of a... 9th February 2016 · 1 min read
UK Economics Chart Pack UK weathers market mayhem well so far Financial markets got off to a tumultuous start to the year, but the economy has begun 2016 on a slightly stronger footing. The Markit/CIPS surveys point to quarterly GDP growth of around 0.6%, a... 3rd February 2016 · 1 min read
UK Economics Chart Pack Wet weather doesn’t dampen outlook for spending The official UK retail sales figures once again painted a different picture of high-street spending to anecdotal and survey evidence – this time indicating a far weaker month for retail sales in... 22nd January 2016 · 1 min read
UK Economics Chart Pack Recovery loses its vigour in 2015 The National Accounts released at the end of last year suggested that the economic recovery has less momentum than previously thought and still looks very unbalanced. Real GDP in 2015 is now on course... 6th January 2016 · 1 min read
UK Economics Chart Pack Looking good ahead of Christmas The official measure of retail sales painted a rather more upbeat picture of high street spending in the early run-up to Christmas than the anecdotal evidence. The true picture probably lies somewhere... 17th December 2015 · 1 min read
UK Economics Chart Pack Recovery regaining pace, but looking unbalanced The UK economy appears to be regaining a little momentum, but the nature of the recovery is looking quite unbalanced. The breakdown of Q3’s 0.5% quarterly rise in real GDP showed solid growth in... 3rd December 2015 · 1 min read
UK Economics Chart Pack Underlying household spending remains strong The underlying picture for household spending remains positive. Real household spending in Q3 looks likely to have grown by around 0.8% q/q, the rate seen in Q1 and Q2. And while retail sales volumes... 19th November 2015 · 1 min read
UK Economics Chart Pack Economic recovery picks up pace at the start of Q4 The latest business surveys support our view that the slowdown in the economy in Q3 was just temporary. Gains in both the Markit/CIPS manufacturing and service sector PMIs in October left the economy... 4th November 2015 · 1 min read
UK Economics Chart Pack “Good” deflation returns The latest consumer prices figures showed that CPI inflation turned negative again in September. Although the current period of negative inflation should prove to be short lived and shallow, inflation... 22nd October 2015 · 1 min read
UK Economics Chart Pack Recovery’s wheels not falling off, despite Q3 slowdown The latest business surveys made for dismal reading. Indeed, the average level of the economy-wide Markit/CIPS composite PMI over Q3 as a whole points to quarterly growth in GDP of just 0.5%... 6th October 2015 · 1 min read