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UK Executive Report summary

December 2021

Period covered: Period covered: November 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. Become a member to access this data or take out a free 30 day membership trial now.

GDP

  • GDP rose by an estimated 00% in October, compared to 0.6% in September. UK GDP is forecast to grow by 00% in 2022.

Confidence

  • Consumer Confidence fell by one point to 00 in December. The emergence of the Omicron variant dented confidence, with consumers becoming less inclined to make major purchases as a result.

Inflation

  • CPI inflation jumped in November to 00% YoY, up from 4.2% the previous month. Current estimates suggest that costs for a typical UK family will jump by £00 over 2022.

Labour Market

  • Unemployment dropped to 00% in the three months to the end of October, with the labour market proving resilient despite the withdrawal of the furlough scheme.

Retail sales

  • Retail sales rose by 00% YoY in November, according to the Retail Economics Retail Sales Index.

Credit and housing market

  • Mortgage approvals slowed to 00 in November as the housing market slows on the back of….

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Consumer confidence dips amid Omicron concerns

Source: GfK

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