–BOE: Feb M4 Ex-Intermediate OFCS 0.5% 1Q ann; 1.9% 4Q Ann –BOE: UK Feb House Purchase Approvals 46,967 VS 46,152 In Jan –UK Feb Net Mortgage Lending Stg1.245bln VS Stg1.891bln Jan –UK Feb Net Consumer Credit Stg768mln VS -Stg303mln Jan … Continue reading
UK DATA: Q4 GDP revised up to -0.5% q/q; +1.5% y/y –Q4 GDP above median forecast of -0.6% q/q; +1.5% y/y –Q4 household spending -0.3% q/q; +0.2% y/y ———————————————————————— GDP was revised up a little in Q4 on the quarter … Continue reading
UK DATA: Q4 Current account balance -Stg10.488bn vs -Stg8.663bn in Q3 ———————————————————————— The current account deficit widened in Q4 to Stg10.5bn, broadly in line with the median for a Stg10.3bn shortfall. There was a significant rise in the transfers deficit … Continue reading
Well we got an upward revision. Big deal. We’ve gone from -0.6% q/q to -0.5% q/q. The +1.5% y/y is unrevised. ONS says December snow reduced Q4 GDP by around 0.5%. Growth flat without bad weather. Yipeeeeee. Q4 current account … Continue reading
ITALY DATA: March sa mfg morale 103.8 vs February 103.1 (103.0) – ISTAT –Mfg morale best since February 2008 (104.6) –March sa manufacturing orders current level -18 vs February -18 –March sa export orders current level -19; February -12 –March … Continue reading
It would be remiss of me not to report that there are mumblings in the market that UK GDP Q4 revision could show some improvement. Best to label them mumblings, cos there doesn’t seem to be a number attached. All … Continue reading
Hesse CPI March: +0.4% m/m, +1.8% y/y February: +0.6% m/m, +1.8% y/y — Brandenburg CPI March: +0.5% m/m, +2.0% y/y February: +0.6% m/m, +1.8% y/y — Pan-German CPI MNI median forecast: +0.4% m/m, +2.1% y/y MNI forecast range: +0.2% to … Continue reading
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