Economic Updates,Research Briefing
As summer fades away in the rear view mirror, we take this opportunity to summarise the economy’s journey over the past few months. GDP growth has slowed this year, as consumers are squeezed by higher inflation. The recent upward trend in consumer price inflation, however, appears to have come to an end in recent months.
Economic Updates,Research Briefing
Economic growth accelerated, but remained modest in the second quarter of 2017. Inflation continued to grow at a higher rate than wages, and employment levels continued to rise. Overall the picture was much the same as for the first quarter of the year. A “noticeable slowdown” in economic performance… Let’s start with the positive news.
Economic Updates,Research Briefing
There are signs of weakness in the UK’s economic performance. In our last economic update, we observed inflation rising quicker than earnings, a decrease in productivity and a slight downward revision in economic growth for the first quarter of 2017. To this picture, we can now add rising household debt. But there’s also material for
Economic Updates,Research Briefing
Although our recent economic updates have shown the economy performing well, there was less positive news over the past month. The month saw inflation rising quicker than earnings, a decrease in productivity and a slight downward revision in economic growth for the first quarter of 2017. Inflation rose at a faster rate than earnings The
Economic Updates,Research Briefing
Over the past month there’s been a lot of economic data….and a decision to hold a General Election on 8 June. So in this last economic update before the election, we focus on the latest GDP growth data for early 2017. Growth was somewhat lower than in recent quarters, with the first indications that consumers
Economic Updates,Research Briefing
March 2017 was dominated by Brexit and concluded with the triggering of Article 50. Both the UK Government and the European Commission say the act is irrevocable, meaning that by April 2019 the UK will probably have left the EU. In other news inflation increased, unemployment continued to fall and the Spring Budget included an
Economic Updates,Research Briefing
January 2017 provided more evidence of the UK’s steady economic growth in 2016 (seemingly unaffected by the EU referendum result), the continued weakness of the pound and rising prices. Is there anything missing? Oh yes, Brexit………a speech, a court case, a Bill, a vote in parliament, and a White Paper. Brexit gets going Just in
Economic Updates,Research Briefing
If you’re a regular reader of our economic updates you could be forgiven for getting a sense of déjà vu as you look at this month’s summary. We again report that since the EU referendum the economy has largely continued to perform well (on the back of the service sector) and that economists expect growth
Economic Updates,Research Briefing
November saw the Chancellor Philip Hammond deliver his first Autumn Statement, which was accompanied by the publication of the Office for Budget Responsibility’s first set of forecasts for the economy and the public finances since the EU referendum. Autumn Statement The Chancellor’s announcements included additional infrastructure investment, a modest change to Universal Credit, an increase
Economic Updates,Research Briefing
GDP growth of 0.5% in the three months following the EU referendum was in line with its trend of recent years and above most forecasts. However, with inflation expected to increase over the next year due to the fall in the pound, consumers may rein in their spending, potentially resulting in slower GDP growth.
Economic Updates,Research Briefing
The UK economy continues to give positive signs, but much like last month there remains little in the way of hard economic data on the impact of the EU-referendum. The economy continues to give positive signs post-referendum Confidence indicators look encouraging at the start of October. The Manufacturing Purchasing Managers Index, an important indicator of
Economic Updates,Research Briefing
Some good news, but don’t get carried away. A series of positive economic data in August and early September appeared to defy predictions of immediate Brexit gloom. Nevertheless, a lack of hard data on the state of the UK economy post-EU referendum coupled with forecasts for weak economic growth means caution is very much still
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