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...
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UK: IP Shutdown Starts Small in Mar-20
The UK manufacturing PMI dropped 3.9 points to 47.8, which is where it broadly was throughout 19H2. Output and new orders decline by more, with...
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UK Inflation: Descending Towards a New Trough
UK inflation data for Feb-20 were broadly in line with expectations as the CPI printed at 1.7% and the RPI at 2.5%. Transport and recreation were...
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BoE: Prematurely Blowing Its Load
After its second emergency MPC meeting in a little over a week, the BoE has announced a rate cut to its effective lower bound of 0.1% and £200bn...
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Covid-19: The Self-Inflicted Recession
Governments are increasingly succumbing to populist pressures and locking down their economies. These restrictions now seem set to drive a UK...
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