- In one line: Consumers will spend more as their financial situation improves.
Rob Wood (Chief UK Economist)UK
- In one line: Strengthening real wage growth drives a consumer upturn.
Rob Wood (Chief UK Economist)UK
- In one line: Retail sales will bounce back from April's collapse as consumer confidence improves.
Rob Wood (Chief UK Economist)UK
- In one line: House prices jump in March, but further gains will be more challenging as markets reprice rate cuts.
Rob Wood (Chief UK Economist)UK
- In one line: June rate cut off the cards as services barely slows.
Rob Wood (Chief UK Economist)UK
- In one line: There isn't room for tax cuts but the Chancellor seems set on another fiscal event in the Autumn.
Rob Wood (Chief UK Economist)UK
- We are unconcerned by the strong net trade contribution to Q1 GDP growth.
- Trade figures will be revised materially, and the Q1 contribution was offset by volatile stock-building.
- Export volumes rose 1.3% quarter-to-quarter in Q1, excluding precious metals, erratics and oil.
Rob Wood (Chief UK Economist)UK
- In one line: Slowing jobs growth keeps MPC rate cut on track , despite strong wage growth.
Rob Wood (Chief UK Economist)UK
- In one line: Falling energy prices improve trade deficit.
Rob Wood (Chief UK Economist)UK
- In one line: Back with a bang, upside risks to our growth forecast.
Rob Wood (Chief UK Economist)UK
- GDP grew 0.6% quarter-to-quarter in Q1, the strongest since Q4 2021.
- The recovery has been broad-based across sectors and will continue as consumers spend rising income.
- Strong growth shows interest rates are likely not as restrictive as the MPC is factoring in.
Rob Wood (Chief UK Economist)UK
- In one line: On track for a June rate cut.
Rob Wood (Chief UK Economist)UK
- In one line: Still uncomfortably weak enough for the MPC to cut rates.
Rob Wood (Chief UK Economist)UK
- In one line: Encouraging as higher mortgage rates slow price inflation only a little.
Rob Wood (Chief UK Economist)UK
- In one line: Construction growth back with a bang.
Rob Wood (Chief UK Economist)UK
- In one line: Weak private car sales suggest consumer caution.
Rob Wood (Chief UK Economist)UK
- In one line: A grim April but retail sales should recover as the weather improves.
Rob Wood (Chief UK Economist)UK
