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. 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. 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. 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. International Trade, January 2023

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

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. GDP, January 2023

• In one line: GDp on track for strong rebound in Q1, beating MPC forecasts.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. Labour Market Data, January/February 2023

• In one line: Downside wage growth surprise will raise MPC confidence that inflation pressures are fading.

Rob Wood (Chief UK Economist)UK

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

• In one line: Further narrowing likely this year, reducing sterling’s sensitivity to the risk profile of foreign investors.

UK

UK Datanote: U.K. GDP, December 2023

• In one line: GDP will return to a rising path in 2024; the MPC needn’t panic.

Samuel TombsUK

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

• In one line: Households won’t stay this cautious for long.

Samuel TombsUK

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

• In one line: Falling interest payments create scope for tax cuts which the gilt market can tolerate.

Samuel TombsUK

UK Datanote: U.K. Retail Sales, December 2023

In one line: It’s always darkest before the dawn.

UK

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

• In one line: Consistent with a recovery in 2024. 

UK