UK Datanote: U.K. Money & Credit, April 2023

• In one line: Households were less willing in April to reduce their savings to fund their real consumption. 

Gabriella DickensU.K.

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

• In one line: Not out of the woods yet.  

Gabriella DickensU.K.

UK Datanote: U.K. Nationwide House Prices, May 2023

• In one line: House prices to fall further still.

Gabriella DickensU.K.

UK Datanote: U.K. Retail Sales, April

• In one line: Retail sales will merely edge up over the course of the year.

Gabriella DickensU.K.

UK Datanote: U.K. Consumer Prices, April 2023

• In one line: Too small a drop for the MPC to stop hiking in June.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Flash PMIs, May 2023

• In one line: GDP growth in Q2 still looks set to undershoot the solid rate implied by the PMI. 

Gabriella DickensU.K.

UK Datanote: U.K. Public Finances, April 2023

• In one line: Higher borrowing than expected, but revisions probably will improve the picture.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. GfK Consumer Confidence, May

• In one line: Recovering as rising welfare payments bring some financial relief for low-income households.

Gabriella DickensU.K.

UK Datanote: U.K. Labour Market Data, March/April 2023

• In one line: Bolstering the case for the MPC to keep Bank Rate at 4.50% next month.

Samuel Tombs (UK Economist)U.K.

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

• In one line: Lower energy prices have enabled the trade deficit to narrow.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. GDP, March & Q1 2023

• In one line: Still at the bottom of the G7 league table; support from rising investment will fade.

Samuel Tombs (UK Economist)U.K.

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

• In one line: The downturn has further to run. 

Gabriella DickensU.K.

UK Datanote: U.K. BRC Retail Sales Monitor, April 2023

• In one line: No sign of an immediate recovery following the revaluation of benefits.

Gabriella DickensU.K.

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

• In one line: The true picture likely is worse than the PMI implies. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Money & Credit, March 2023

• In one line: Much clearer signs of contagion from U.S. bank failures than we had expected to see. 

Samuel Tombs (UK Economist)U.K.

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

In one line: Recovery in the private sector is gathering momentum.

Gabriella DickensU.K.

UK Datanote: U.K. Car Registrations, April 2023

• In one line: Sales will remain weak for some time yet.  

Gabriella DickensU.K.

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

• In one line: Not out of the woods yet. 

Gabriella DickensU.K.

UK Datanote: U.K. Nationwide House Prices, April 2023

• In one line: Probably not the start of a rising trend.

Gabriella DickensU.K.

UK Datanote: U.K. Public Finances, March 2023

• In one line: Revisions leave full-year borrowing well below the OBR’s forecast.

Samuel Tombs (UK Economist)U.K.