Davy Research

UK Economy

UK Economy

RICS survey paints gloomy picture of UK housing market

Today’s Royal Institute of Chartered Surveyors (RICS) survey of the UK housing market paints a gloomy picture. The price expectations balance declined markedly to -8%, with sharp...

Oct 12 2017 | Conall MacCoille | Research Report | 4 pages

UK consumer credit slows in August

UK Finance data on high street lending showed a slowdown in consumer credit growth to 1.5%, business lending to 2% and household deposit growth to 2.2% — its weakest level since 2009....

Sep 27 2017 | Conall MacCoille | Research Report | 4 pages

Economy supportive as Merkel enters fourth term

Angela Merkel is set to enter her fourth term as Chancellor, with the economy in its best shape since she assumed power in 2005. Yesterday’s (September 25th) Ifo survey, while edging...

Sep 26 2017 | David McNamara | Research Report | 4 pages

Rightmove measure of UK house price inflation falls to five-year low

The Rightmove measure of asking prices on UK houses shows inflation at a five-year low of 1.1% in September. Prices fell by 1.2% on the month to £310,000 on average. In London, asking...

Sep 18 2017 | Conall MacCoille | Research Report | 4 pages

UK pay squeeze continues

The latest UK labour market release showed unemployment down to a fresh low of 4.3% and employment at a record high. However, wage growth was unchanged at 2% and well behind...

Sep 14 2017 | David McNamara | Research Report | 4 pages

Halifax index to show UK house prices slowing

The Halifax index of UK house prices for August will be released this morning. House price inflation in July slowed to 2% with prices falling 0.2% over the past three months. Alternative...

Sep 7 2017 | Guest | Research Report | 4 pages

Sterling hits fresh low against the euro at 92.3p

Sterling fell to a fresh low of 92.3p against the euro on Wednesday despite more conciliatory UK proposals on the European Court of Justice’s role post-Brexit. UK GDP data for Q2 ...

Aug 24 2017 | Conall MacCoille | Research Report | 4 pages

UK Rightmove house prices down in August

Data released this morning by Rightmove showed that UK house prices fell 0.9% in August but are still up 3.1% year-on-year (yoy). While the asking price series can be volatile...

Aug 21 2017 | David McNamara | Research Report | 4 pages

Political risks for the UK economy are stacking up

UK retail sales data released on August 17th showed a similar picture to recent indicators — weak GDP growth but not an outright recession. However, political event risks for the UK...

Aug 18 2017 | Conall MacCoille | Research Report | 4 pages

UK economy still creating jobs

UK labour market data for June released on August 16th showed that the economy is still creating jobs, despite the slowdown in GDP in H1 2017. Employment was up 1.1% in the year to...

Aug 17 2017 | David McNamara | Research Report | 4 pages

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ECONOMIC CALENDAR

October 17 2017

  • EU : Consumer price index, September
  • GER : Zew survey current situation, October
  • GER : Zew survey expectations, October
  • UK : Consumer price index, September
  • US : Industrial production, September
  • US : Capacity utilisation, September

October 18 2017

  • EU : Construction output, August
  • UK : Claimant count rate, September
  • UK : ILO unemployment rate, August
  • US : Building permits, September
  • US : US Federal Reserve releases Beige Book
  • US : Housing starts, September

October 19 2017

  • UK : Retail sales incl auto fuel, September
  • US : Leading index, September
  • US : Initial jobless claims, October 14

October 20 2017

  • IRE : Wholesale price index, September
  • US : Existing home sales, September

October 23 2017

  • EU : Consumer confidence, October

October 25 2017

  • EU : IFO business climate, October
  • US : Durable goods orders, September
  • US : New home sales, September

October 26 2017

  • EU : ECB marginal lending facility, October 26
  • EU : ECB main refinancing rate, October 26
  • EU : ECB deposit facility rate, October 26
  • UK : CBI Total dist. reported sales, October
  • US : Initial jobless claims, October 26

October 27 2017

  • US : University of Michigan sentiment, October
  • US : GDP annualised, Q3
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