UK: Above-Potential Pace Through 1Q19
The LFS unemployment rate declined again to 3.8% in Mar-19 while GDP growth rebounded to 0.5% q-o-q. Ongoing demand-driven declines in the...
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BoE: Rejecting Imported Stimulus
The BoE significantly upgraded its forecasts for GDP growth and excess demand as the economy was stimulated by lower interest rates despite a much...
396 Views
UK: PMI Payback in Apr-19 Still Below Reality
The services PMI matched the other sectors with partial payback in Apr-19. It remains subdued, but it is also still biased to exaggerate the...
571 Views
BoE: Gloomy Patience Postponing Policy Response
The MPC was unanimous in leaving policy unchanged again in May-19, as expected. Reality’s robustness has raised the BoE’s growth forecasts and the...
551 Views
UK: Manufacturing’s Sprightly Spring-19
The UK’s manufacturing PMI retreated two-points to 53.1 in Apr-19, broadly as expected. Inventory accumulation has helped the UK remain well-above...
478 Views