Davy Research

UK Economy

UK Economy

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

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

Cliff edge Brexit can’t be dismissed despite UK proposals for transition

The key point from UK trade proposals published on August 15th is that the government will seek a transitional period, negating the risk of ‘cliff edge’ Brexit in March 2019. However,...

Aug 16 2017 | Conall Mac Coille | Research Report | 4 pages

UK inflation to resume upward trend

The recent pause in UK inflation should prove temporary and it is expected to resume its upward trend in the coming months. The fall in inflation in June to 2.6% from 2.9% was driven to...

Aug 15 2017 | David McNamara | Research Report | 4 pages

RICS house price survey falls to weakest level in five years

The RICS UK house price survey fell to its weakest level in five years in July, signalling that prices are stagnant and will remain so through 2017. Given Brexit uncertainties, the housing...

Aug 10 2017 | Conall Mac Coille | Research Report | 4 pages

REC employment survey adds to mixed signals on UK economy

July’s Recruitment & Employment Confederation (REC) survey, released yesterday (August 8th), pointed to the fastest pace of UK jobs growth in two years. This follows similar signals...

Aug 9 2017 | Conall Mac Coille | Research Report | 4 pages

Bank of England on hold

Despite recent hawkish mutterings from MPC members, the Bank of England left monetary policy unchanged yesterday (August 3rd) while growth forecasts were reduced to 1.7% in 2017 and...

Aug 4 2017 | Stephen Lyons | Research Report | 4 pages

UK consumer sentiment at odds with spending data

UK Gfk consumer confidence fell to a post-Brexit low of -12 in July down from -10 in June and worse than the consensus expectation. Nonetheless, despite the worsening sentiment...

Jul 28 2017 | David McNamara | Research Report | 4 pages

Sub-par UK growth in Q2

Yesterday’s preliminary GDP estimate showed another quarter of sub-par growth for the UK economy. GDP was up 0.3% on the quarter, marginally better than the 0.2% gain in Q2, while...

Jul 27 2017 | David McNamara | Research Report | 4 pages

Market comment - Dip in UK CPI inflation temporary

UK CPI inflation at 2.6% in June was below market expectations, hurting the sterling exchange rate yesterday (July 18th). However, the dip in June had been predicted in the Bank of...

Jul 19 2017 | Conall Mac Coille | Research Report | 4 pages

Showing 1 - 10 of 64 stories

ECONOMIC CALENDAR

August 23 2017

  • EU : Consumer confidence, August
  • US : New home sales, July

August 24 2017

  • UK : CBI total dist. Reported sales, August
  • UK : Private consumption, Q2
  • UK : Total business investment, Q2
  • US : Existing home sales, July
  • US : Initial jobless claims, August 19

August 25 2017

  • GER : IFO business climate, August
  • US : Durable goods orders, July

August 30 2017

  • EU : Business climate indicator, August
  • UK : Mortgage approvals, July
  • US : GDP annualised, Q2

August 31 2017

  • EU : Unemployment rate, July
  • US : Chicago purchasing manager, August
  • US : Initial jobless claims, August 26
  • US : Personal spending, July

September 1 2017

  • IRE : Credit aggregates, July
  • US : University of Michigan sentiment, August
  • US : Change in non-farm payrolls, August
  • US : Unemployment rate, August
  • US : ISM manufacturing, August
  • US : Construction spending, July

September 5 2017

  • IRE : Exchequer returns, August
More Details