UK Datanote: U.K. CBI Industrial Trends Survey, April 2025

• In one line: Manufacturing activity improves according to the CBI, but the trade war will hurt businesses.

Elliott Laidman Doak (Senior UK Economist)UK

UK Datanote: UK GfK Consumers' Confidence Survey, April 2025

• In one line: Consumers' major purchases held up, but downside risks to the retail spending build.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Report on Jobs Survey, March 2025

• In one line: Solid jobs and accelerating wages will keep the MPC cautious heading into the trade war.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK RICS Residential Market Survey, March 2025

• In one line: The housing market is cooling now but activity will pick up in H2.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Final Manufacturing PMI, March 2025

• In one line: Tariffs will keep manufacturing output falling for the forseeable future.

Rob Wood (Chief UK Economist)UK

UK Datanote: U.K. CBI Industrial Trends Survey, March 2025

• In one line: Trade uncertainty will continue to weigh on manufacturing sentiment and activity.

Elliott Laidman Doak (Senior UK Economist)UK

UK Datanote: UK GfK Consumers' Confidence Survey, March 2025

• In one line: Good fundamentals and bad news will continue to pull consumers’ confidence in opposing directions.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK RICS Residential Market Survey, February 2025

• In one line: Short-term volatility as stamp duty relief ends in April, but house prices will still rise 4% in 2025.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Report on Jobs Survey, February 2025

• In one line: REC’s recovery indicates that the labour market is stabilising.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Final Manufacturing PMI, February 2025

• In one line: Surging global uncertainty hammers manufacturing output, but watch rising price pressures.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK GfK Consumers' Confidence Survey, February 2025

• In one line: Strong wage growth and falling interest rates will keep supporting consumers’ confidence.

Rob Wood (Chief UK Economist)UK

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

• In one line: Manufacturing orders tick up and price pressures fall in February, but the sector remains weak.

Elliott Laidman Doak (Senior UK Economist)UK

UK Datanote: UK RICS Residential Market Survey, January 2025

• In one line: Looming end of stamp duty relief causes volatility, longer-term house price outlook still looks solid.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Report on Jobs Survey, January 2025

• In one line: The labour market improved marginally in January but remains hobbled according to the REC.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Final Manufacturing PMI, January 2025

• In one line: President Trump’s tariffs will snuff out a nascent rebound in the PMI.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK GfK Consumers' Confidence Survey, January 2025

• In one line: Consumers’ confidence drops again in January as risks to the growth outlook build.

Rob Wood (Chief UK Economist)UK

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

• In one line: Manufacturing orders bounce back, but activity remains chronically weak. 

Elliott Laidman Doak (Senior UK Economist)UK

UK Datanote: UK RICS Residential Market Survey, December 2024

• In one line: House price inflation of 5% in 2025 according to the RICS.

Rob Wood (Chief UK Economist)UK

UK Datanote: UK Report on Jobs Survey, December 2024

• In one line: Payroll tax hikes hit employment, but the REC survey likely exaggerates the drop and wage growth rises.

Rob Wood (Chief UK Economist)UK

EZ Datanote: Industrial Production & Consumers' Spending, France, November 2024

In one line: Better than feared. 

Claus Vistesen (Chief Eurozone Economist)UK