UK: Inaugural Flash PMI Is Messy in Nov-19
Markit published its inaugural “flash” PMI for the UK, revealing disappointing declines. The services survey balance fell by 1.4-points to 48.6...
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UK: Consumers Spending Salary but Losing PPI
UK retail sales marginally contracted in Oct-19 back to their still brisk trend. Real wage growth has supported spend and should keep doing so...
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UK Inflation: Oct-19 Surprise Repeats History
UK inflation data for Oct-19 disappointed consensus expectations again, consistent with the pattern of previous years, but broadly matched my...
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UK: Labour Market Tighter than BoE Believes
The unemployment rate returned to its lows at 3.8% in Sep-19 while declines in broader measures of underemployment intensified. Experiences of...
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UK: GDP Slowdown Exaggerated by BoE
UK GDP growth rebounded by 0.3% q-o-q in 3Q19. That was slightly softer than expected, mainly owing to a revision and unfavourable rounding....
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