Davy Research

UK Economy

UK Economy

UK data point to weak start to Q2

A plethora of data releases suggest that the UK economy got off to weak start to Q2. While construction output was higher in April, manufacturing output fell unexpectedly and the...

June 12 2018 | David McNamara | Research Report | 4 pages

Further signs that UK GDP growth will bounce back in Q2

British Retail Consortium and Barclaycard data both showed UK consumer spending up 5% in May, indicating – alongside the services PMI at 54.0 – that activity bouncing back after poor...

June 6 2018 | Conall MacCoille | Research Report | 4 pages

April retail sales allay fears on UK consumer

Today’s second release of UK GDP growth should help to show that the 0.1% growth in Q1 2018 was temporarily depressed by the poor weather – hurting construction activity and retail...

May 25 2018 | Conall MacCoille | Research Report | 4 pages

UK CPI inflation data could take markets by surprise

Today’s UK CPI data could see inflation fall back to 2.4% in April due to the early timing of Easter and the volatile airfares component. This will reinforce doubts regarding the likelihood...

May 23 2018 | Conall MacCoille | Research Report | 4 pages

Italian populists spook markets

As the populists near power in Italy, investors have taken fright with equity markets lower and Italian bond yields rising to four-year highs. The Italian 10-year yield reached a peak of...

May 22 2018 | David McNamara | Research Report | 4 pages

Rightmove housing report shows asking prices up 0.8% in May

The Rightmove housing report, released overnight, indicates that UK asking prices rose 0.8% in May, up 1.1% on the year. The alternative Acadata report also showed 1% growth but with...

May 21 2018 | Conall MacCoille | Research Report | 4 pages

A breakthrough on Brexit?

Reports yesterday indicated that UK Prime Minister Theresa May has secured support from her inner ‘Brexit war cabinet’ to stay in the EU customs union beyond 2020. However,...

May 18 2018 | Conall MacCoille | Research Report | 4 pages

Bank of England keeps rates on hold

Yesterday’s decision by the Bank of England to keep rates on hold was no surprise. However, the Inflation Report contained downward revisions to the Bank’s forecasts for both GDP...

May 11 2018 | Conall MacCoille | Research Report | 4 pages

RICS adds to gloom on UK housing market

This morning’s RICS survey revealed a price balance of -8 in April, the weakest reading since November 2012. A majority of estate agents also expect price falls over the next three...

May 10 2018 | David McNamara | Research Report | 4 pages

British Retail Consortium indicates retail sales fell 4% in year to April

Yesterday’s Halifax index indicated that house prices fell by 3.1% in April – the sharpest monthly decline in eight years. This morning’s British Retail Consortium (BRC) data show retail...

May 9 2018 | Conall MacCoille | Research Report | 4 pages

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ECONOMIC CALENDAR

June 25 2018

  • GER : IFO current assessment, June
  • GER : IFO expectations, June
  • GER : IFO business climate, June
  • US : New home sales, May

June 26 2018

  • UK : CBI total dist. reported sales, June
  • UK : CBI retailing reported sales, June
  • US : Consumer confidence, June

June 27 2018

  • US : Durable goods orders, May

June 28 2018

  • EU : Business climate indicator, June
  • EU : Consumer confidence, June
  • US : Initial jobless claims, June 23
  • US : GDP annualized, Q1

June 29 2018

  • IRE : Credit aggregates, June
  • UK : Mortgage approvals, May
  • US : Personal spending, May
  • US : Chicago purchasing manager, June
  • US : University of Michigan sentiment, June

July 2 2018

  • EU : Markit eurozone manufacturing PMI, June
  • UK : Markit UK PMI manufacturing, June
  • US : ISM manufacturing, June

July 3 2018

  • IRE : Unemployment rate, June
  • IRE : Exchequer Returns, June
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