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

UK Datanote: U.K. GfK Consumers' Confidence Survey, March 2024

• In one line: Strengthening finances will drive consumer spending this year.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. MPC Decision and Minutes, March 2024

• In one line: MPC gears up for a summer rate cut with tweaks to guidance.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Official House Price Index, January

• In one line: Turning point; house prices to rise for the rest of 2024.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Flash PMIs, March 2024

• In one line: Fractionally weaker PMI still signals solid recovery and growth beating MPC forecasts.

Samuel TombsUK

UK Datanote: U.K. Consumer Prices, February 2024

• In one line: Slowing inflation will raise MPC confidence in a summer rate cut.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. RICS Residential Market Survey, February 2024

• In one line: House price gains heading to 5% year-over-year soon.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. International Trade, January 2023

• In one line: Strong imports worsen the trade deficit.

Rob Wood (Chief UK Economist)UK