- In one line: Consistent with unemployment rising more quickly than the MPC expects.
Samuel Tombs (UK Economist)U.K.
In one line: Recession fears should be quelled by November’s PMI.
Gabriella DickensU.K.
- In one line: Consistent with a modest revival in retail sales; expect a fuller recovery in 2024.
Samuel Tombs (UK Economist)U.K.
- In one line: Households remain focussed on repaying debt and replenishing their savings, but we doubt they will become even more cautious ahead.
Samuel Tombs (UK Economist)U.K.
- In one line: Further reassurance a recession isn’t developing.
Samuel Tombs (UK Economist)U.K.
- In one line: No major pre-election giveaways; the course is clear for the MPC to cut Bank Rate next year.
Samuel Tombs (UK Economist)U.K.
- In one line: A timely reminder that considerable further fiscal consolidation is needed.
Samuel Tombs (UK Economist)U.K.
- In one line: Well below the MPC’s forecast, thanks to slowing services CPI inflation.
Samuel Tombs (UK Economist)U.K.
- In one line: Much slower wage growth is increasing the chances of a rate cut in H1 2024.
Samuel Tombs (UK Economist)U.K.
- In one line: The fall in households’ spending will be reversed in Q4.
Samuel Tombs (UK Economist)U.K.
- In one line: Consistent with unemployment rising more quickly than the MPC expects.
Samuel Tombs (UK Economist)U.K.
- In one line: Labour and raw material costs are starting to fall, as demand undershoots supply.
Samuel Tombs (UK Economist)U.K.
In one line: Still pointing to a mild recession, but the survey is probably too downbeat.
Samuel Tombs (UK Economist)U.K.
- In one line: The destocking process which is weighing on manufacturing output has further to run.
Samuel Tombs (UK Economist)U.K.
