Need to be cautious on housing market Housing worries need to be kept in perspective May not be a bad thing to regulate help to buy to take the edge off some price rises if needed Over the weekend Adam … Continue reading
driven by further rebalancing and improved productivity weak productivity and house price inflation are main domestic risks more policy action warranted by UK to reduce housing market risks, BOE should “act early and gradually” UK lenders should face limits on … Continue reading
Prior -£8.48bn. Revised to -£8.293bn Non-EU balance -£3.783bn vs -£3.10bn exp. Prior -£3.19bn revised to -£3.418bn The ONS say that the numbers are an estimation as they forgot to add £700m of oil exports to the EU. Meh, what’s 700 … Continue reading
In separate reports published today the Confederation of British Industry and British Chamber of Commerce have both noted some good-time sentiment amongst their respective members. The UK economy is growing at its fastest pace in more than a decade amid … Continue reading
Telegraph article here. Wait till they tax it !
Prior -1 Export orders -9 vs -3 prior Domestic price expectations 4 vs 9 in April Not a big data point but those export orders still show weakness as it was back in December that we last saw a positive … Continue reading
Prior 0.8% Unchanged 3.1% y/y Bang on the money and confirms the biggest year on year rise since Q4 2007. Good news for business investment which is +2.7% q/q. +8.7 y/y and the highest sine Q1 2013.
Not a bad set of numbers all round. As I mentioned in the data post, those inflation numbers should make Mr Carney and crew happier that they are closer to target. So much for inflation busting wage rises though Producer … Continue reading
Prior 1.6% 0.4% vs 0.3% exp m/m. Prior 0.2% Core 2.0% vs 1.8% exp y/y. Prior 1.6% RPI 0.4% vs 0.5% exp m/m. Prior 0.2% 2.5% vs 2.6% exp y/y. Prior 2.5% RPI ex mortgage interest payments 0.4% vs 0.4% … Continue reading
Market estimates for UK inflation have risen and they are looking for a tick up to 1.7% from 1.6% in the main number and 1.8% from 1.6% in the core. Certainly a higher than expected read will give the expectant … Continue reading