GDP for the final quarter of 2016 was revised up 0.1 percentage points to 0.7 per cent compared with the previous quarter. Overall, the economy grew by 1.8 per cent for 2016, a 0.2 per cent downward revision from the first estimate as pre EU-referendum activity was worse than previously thought.The state of the UK’s public finances has improved considerably since the Autumn Statement. While many had expected the economy to slow sharply after the referendum, its resilience has given the Chancellor, Philip Hammond, some room for manoeuvre in this Spring’s Budget. We don’t expect the Chancellor to pull any rabbits from hats given the economy has held up better than expected. That said, there could be some measures to support those households that are ‘just about managing’ from the impact of higher inflation.
UK Retail Economic Briefing
Our UK Retail Economic Briefing analyses a range of macroeconomic indicators including GDP, consumer spending, inflation, labour market, commodity prices, exchange rates, monetary indicators, credit and lending market data, house prices, mortgage data, retail sales and more.
UK Retail Economic Briefing - February 2017
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The UK Retail Economic Briefing includes:
|Summary and economic overview|
|Prices, costs and margins|
|... and much more|