UK: Mar-20 Sales Reveal Sectoral Level Hits
Retail sales crashed by 5.1% m-o-m in Mar-20. That refers to an average level between 1 March and 4 April so is still supported by the...
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BoE: Neutralising Net Issuance
The BoE started to stimulate alongside the Budget and launched an aggressive QE programme after a deterioration in the gilt market’s functioning....
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UK: Not Smashed by Lockdown, Yet
Economists expected a surge in jobless claims, but they got a surge in employment instead. However, all the headline statistics in the latest...
315 Views
UK: Output Recession Began in Feb-20
UK GDP disappointed expectations by declining 0.1% m-o-m in Feb-20 as wet weather washed out construction to a 1.7% decline. Such moves hardly...
358 Views
UK: Services Smashed by Mar-20 Shutdown
The UK services PMI crashed 18.7 points to 34.5, which was 1.2-points below the flash as costs mounted. That implies a 4% quarterly fall in...
303 Views