Pantheon Publications

UK Datanote: U.K. Money & Credit, March 2024

• In one line:Lower borrowing costs sparked a wave of refinancing in Q1, which likely will unwind in Q2.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK final services and composite PMI, April 2024

• In one line: Strengthening growth and slowing inflation, but watch the jump in input costs.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Nationwide House Prices, April 2024

• In one line: Two corrections starts to become a trend.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Final Manufacturing PMI, April 2024

• In one line: Manufacturing almost stabilised but input cost inflation jumped.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK CBI Industrial Trends Survey, April & Q2

• In one line: Output prices likely rising more slowly than the CBI’s survey implies.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Public Finances, February 2024

• In one line: Borrowing overshoots Budget forecasts but the Chancellor will still cut taxes again later this year.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. BRC Retail Sales Monitor, March 2024

• In one line: Disappointing in March but retail will still boost Q1 GDP.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. International Trade, February 2024

• In one line: Trade deficit little changed in February, but will improve this year.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. GDP, February 2024

• In one line: GDP is on track for 0.4% quarter-to-quarter growth in Q1, beating MPC forecasts.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK RICS Residential Market Survey, March 2024

• In one line: Building hopes of rate cuts boost buyer demand and house prices. 

Rob Wood (Chief UK Economist)UK

UK Datanote: UK BRC Retail Sales, March 2024

• In one line: Early easter boosts March retail sales, growth will slow in April.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Report on Jobs Survey, March 2023

• In one line: Report on Jobs survey says it’s time to cut rates.

Rob Wood (Chief UK Economist)UK

UK Datanote: Construction PMI, March 2024

• In one line: Expected interest rate cuts prove to be an effective tonic for construction.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK final services and composite PMI, March 2024

• In one line: Growth beating the MPC's forecast and services inflation easing.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Car Registrations, March 2024

• In one line: Weak private car sales suggest consumer caution.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Final Manufacturing PMI, March 2024

• In one line: Almost back to growth.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Money & Credit, February 2024

• In one line:Consumer caution fading in response to lower interest rates.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Nationwide House Prices, March 2024

• In one line: Small correction in March is just a blip.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK National Accounts, Q4 2023

• In one line: Still a minor technical recession last year, but the economy is already rebounding.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Retail Sales, February 2024

In one line: Retail sales are on track to drag the economy out of recession in Q1.

Rob Wood (Chief UK Economist)UK