UK Datanote: U.K. GfK Consumer's Confidence Survey, November

• In one line: A rebound in real incomes will drive a recovery in confidence.

Gabriella DickensU.K.

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

• In one line: The Q3 recovery in manufacturing output looks set to reverse. 

Gabriella DickensU.K.

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

• In one line: Casts doubt on the increases in the Nationwide and Halifax measures of house prices. 

Gabriella DickensU.K.

UK Datanote: U.K. Report on Jobs Survey, October 2023

• In one line: Consistent with unemployment rising more quickly than the MPC expects.

Samuel Tombs (UK Economist)U.K.

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

• In one line: Labour and raw material costs are starting to fall, as demand undershoots supply.

Samuel Tombs (UK Economist)U.K.

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

In one line: Still pointing to a mild recession, but the survey is probably too downbeat. 

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. MPC Decision, Minutes & Monetary Policy Report, November

• In one line: New forecasts signal no rate cuts in 2024, but the MPC won’t be bound by them. 

Samuel Tombs (UK Economist)U.K.

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

• In one line: The destocking process which is weighing on manufacturing output has further to run.

Samuel Tombs (UK Economist)U.K.

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

• In one line: Mortgage lending remains weak. 

Gabriella DickensU.K.

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

• In one line: The manufacturing sector isn’t out of the woods, yet. 

Gabriella DickensU.K.

UK Datanote: U.K. Retail Sales, September, and GfK Consumer's Confidence Survey, October

• In one line: Temporary fall driven by warmer-than-usual weather.

Gabriella DickensU.K.

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

• In one line: Further house price falls likely, as mismatch between demand and supply continues.

Gabriella DickensU.K.

UK Datanote: U.K. Report on Jobs Survey, September 2023

• In one line: Still pointing to a sharp slowdown in wage growth next year.

Samuel Tombs (UK Economist)U.K.

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

• In one line: Demand hit by higher borrowing costs, but most builders remain positive about the outlook.

Samuel Tombs (UK Economist)U.K.

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

In one line: More plausible now, following the large upward revision.  

Samuel Tombs (UK Economist)U.K.

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

• In one line: Continued weakness casts doubt over the recent upturn in the official measure of output.

Samuel Tombs (UK Economist)U.K.

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

• In one line: Lower mortgage lending explains the slowdown in liquid asset growth.

Samuel Tombs (UK Economist)U.K.

UK Datanote: U.K. Retail Sales, July, and GfK Consumer's Confidence Survey, September

• In one line: Warmer, dryer weather boosted sales.

Gabriella DickensU.K.

UK Datanote: U.K. MPC Decision & Minutes, September

• In one line: The case for hiking won’t be any stronger in November, so the MPC probably is done.

Samuel Tombs (UK Economist)U.K.

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

• In one line: Demand remains too weak to absorb all the properties being put up for sale.

Samuel Tombs (UK Economist)U.K.