UK Datanote: U.K. International Trade, December 2022

• In one line: The overall trade deficit widened on the back of high gas prices.

Gabriella DickensU.K.

UK Datanote: U.K. Money & Credit, December 2022

• In one line: Mortgage approvals are unlikely to rebound quickly and completely after Q4’s collapse.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Public Finances, December 2022

• In one line: Initial impressions deceive; the trend is still better than the OBR anticipated.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Retail Sales, December 2022

• In one line: Consumers are tightening their belts due to surging prices. 

Gabriella DickensU.K.

UK Datanote: U.K. RICS Residential Market Survey, December 2022

• In one line: The housing market is continuing to succumb to higher mortgage rates. 

Gabriella DickensU.K.

UK Datanote: U.K. Consumer Prices, December 2022

• In one line: More evidence that core price rises are slowing.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Labour Market Data, November/December 2022

• In one line: Continued growth in employment, and rapid wage gains, maintain the pressure for a 50bp hike next month.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. International Trade, November 2022

• In one line: The overall trade deficit is being flattered by a surplus in erratics. 

Gabriella DickensU.K.

UK Datanote: U.K. BRC Retail Sales Monitor, December 2022

• In one line: Some festive cheer for retailers, but the outlook is gloomy

Gabriella DickensU.K.

UK Datanote: U.K. S&P Global/CIPS Construction Survey, December 2022

• In one line: Builders move to reduce employment, mirroring trends in the wider economy. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Services Survey, December 2022

In one line: Firms now are reducing employment as the economy falls into recession.

Gabriella DickensU.K.

UK Datanote: U.K. Car Registrations, December 2022

• In one line: Recovery losing momentum, as the real income squeeze worsens.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Money & Credit, November 2022

• In one line: Households are still refusing to draw on savings to support their consumption.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. S&P Global/CIPS Manufacturing Survey, December 2022

• In one line: A recession already is afoot, forcing manufacturers to fire staff and slow price rises.  

Gabriella DickensU.K.

UK Datanote: U.K. Public Finances, November 2022

• In one line: Hefty borrowing due to the high cost of energy price interventions.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Flash PMIs, December 2022

• In one line: The shake-out in the labour market is beginning.

Gabriella DickensU.K.

UK Datanote: U.K. Retail Sales, November 2022

• In one line: Consumers are tightening their belts in the face of surging prices. 

Gabriella DickensU.K.

UK Datanote: U.K. Consumer Prices, November 2022

• In one line: At last! A clear slowing in the rate of core price rises. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Labour Market Data, October/November 2022

• In one line: A mixed bag for the MPC; strong employment and wage data, but a healthier supply side performance.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. International Trade, October 2022

• In one line: The overall trade deficit is being flattered by a surplus in erratics. 

Gabriella DickensU.K.