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Note: Reporting periods are either one month or two months behind the current month as standard.
Annual GDP fell by 9.9% in 2020, the largest yearly decline on record.
The latest ONS data shows the labour market had begun to stabilise by the end of 2020 prior to the latest lockdown, as the rate of redundancies slowed and the number of employees on payroll picked up.
CPI inflation rose marginally in January, up by 0.1 percentage points to 0.7% year-on-year, and above market expectations of remaining at 0.6%.
GfK’s Consumer Confidence measure improved by five points in February to -23 – the strongest rise for a year but still 16 points lower than a year earlier.
The RICS Residential Market Survey shows 2021 began with a noticeable reversal in sales market activity, with enquiries, sales and new instructions falling for the first time since May 2020.
Retail sales fell by 1.7% in January, year-on-year, according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted, exc. Fuel).
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