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UK Executive Report | Economic Report

August 2021

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  • 2-Pager executive bullet-point narrative
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  • Need-to-know economic indicators
  • GDP, retail sales, consumer and business confidence, market data…
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UK Executive Report : August 2021

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Report Summary

Period covered: February 2021

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Subscribe to access this data or take out a free 30 day subscription trial now.

Annual GDP fell by 0.00% in 2020, a slight revision on the preliminary estimate of a 9.9% drop, but still the largest annual decline since “The Great Frost” of 1709.

GDP is forecast to grow by 4.7% in 2021, according to independent forecasts from the Treasury.

The latest ONS data suggests unemployment edged down despite the economy facing lockdown restrictions, but the rate of increase in job openings has slowed strongly in recent months.

The unemployment rate came in at 0.00% in the three months to January, 1.1 percentage points higher than a year earlier. The number of people unemployed was estimated at 1.74million, up 454,000 on the same period a year ago and up 121,000 on the quarter.

CPI inflation unexpectedly eased in February, slowing to 0.4% year-on-year from the 0.7% rise in January and below expectations of a rise to 0.8%.

Average regular pay (excluding bonuses) for employees in Great Britain was £0.00 per week before tax and other deductions from pay – up from £511 per week a year earlier.

The RICS Residential Market Survey for February indicates another cooler month for sales activity, following a buoyant second half of 2020. National lockdown restrictions continue to deter potential buyers and vendors.

Retail sales fell by 0.00% in February, year-on-year, according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted, exc. Fuel).

Total online sales rose markedly on the previous year, up 78.6%. Average weekly sales climbed to £0.00 billion compared with £1.3 billion in the previous year.

Our research shows that almost half of consumers say that since the pandemic, they spend more time browsing online and researching for retail products.


Source: Retail Economics

Latest monthly UK Executive Report

Report: February 2021 Note: Reporting periods are either one month or two months behind the current month as standard. GDP Annual GDP fell by 9.9% in 2020, the largest yearly decline on record. Labour market The latest ONS data shows the l... read more
Report: January 2021 Note: Reporting periods are either one month or two months behind the current month as standard. GDP is forecast to decline by 10.7% for 2020 overall, according to the latest independent and city forecasts from the Treasury.... read more
Report: December 2020 GDP rose by a record 16.0% in Q3 2020 from the previous quarter, revised up by 0.5 percentage points from the previous estimate. This follows a record contraction of 18.8% in the second quarter. GDP remains 8.6% below its level... read more
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Report Contents

UK Executive Report Report
  • One-pager Executive Summary
  • Overview table
  • UK Consumer
  • Retail Sales
  • Online Retail Sales
  • Inflation
  • Labour Market

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