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UK Executive Report summary

February 2023

Period covered: Period covered: January 2023

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

  • UK quarterly GDP is estimated to have grown 00% in Q4 2022 (Oct to Dec). In Q4, services output was flat, production fell by 00% and construction grew by 00%.

Confidence

  • GfK’s Consumer Confidence Index increased seven points in February to 00.

Inflation

  • Annual inflation eased for the third consecutive month in January, rising 00%, from 00% last month – a five-month low.

Labour Market

  • The unemployment rate for September to November increased by 00pp on the quarter to 00%.

Retail sales

  • Retail sales rose by 00% YoY in January according to the Retail Economics Retail Sales Index, against an 00% rise in the previous year.

Credit and housing market

  • Annual growth in unsecured lending rose by 00% from 00% last month. Consumers borrowed an additional £00bn in credit on net in January, following £00bn of borrowing in December.

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Consumer confidence is on the rise

Source: GfK

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