UK Datanote: U.K. S&P Global/CIPS Services Survey, November 2023

In one line: Recession fears should be quelled by November’s PMI. 

UK

UK Datanote: U.K. S&P Global/CIPS Manufacturing Survey, November 2023

• In one line: Manufacturing output is being hit by retailers running down their inventories.

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UK Datanote: U.K. GfK Consumer's Confidence Survey, November

• In one line: A rebound in real incomes will drive a recovery in confidence.

UK

UK Datanote: U.K. CBI Industrial Trends Survey, November

• In one line: The Q3 recovery in manufacturing output looks set to reverse. 

UK

UK Datanote: U.K. RICS Residential Market Survey, October 2023

• In one line: Casts doubt on the increases in the Nationwide and Halifax measures of house prices. 

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UK Datanote: U.K. Report on Jobs Survey, October 2023

• In one line: Consistent with unemployment rising more quickly than the MPC expects.

Samuel TombsUK

UK Datanote: U.K. S&P Global/CIPS Construction Survey, October 2023

• In one line: Labour and raw material costs are starting to fall, as demand undershoots supply.

Samuel TombsUK

UK Datanote: U.K. S&P Global/CIPS Services Survey, October 2023

In one line: Still pointing to a mild recession, but the survey is probably too downbeat. 

Samuel TombsUK

UK Datanote: U.K. S&P Global/CIPS Manufacturing Survey, October 2023

• In one line: The destocking process which is weighing on manufacturing output has further to run.

Samuel TombsUK

UK Datanote: U.K. CBI Industrial Trends Survey, October

• In one line: The manufacturing sector isn’t out of the woods, yet. 

UK

UK Datanote: U.K. Retail Sales, September, and GfK Consumer's Confidence Survey, October

• In one line: Temporary fall driven by warmer-than-usual weather.

UK