Report Summary

July 2023

3 minute read

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

• Quarterly GDP is estimated to have increased by xx% in Q1 2023 (Jan to Mar), following xx% growth in Q4 2022.

Confidence

• GfK’s Consumer Confidence Index increased three points in May to xx

Inflation

• Headline inflation eased to xx% in April, from xx% last month - the lowest level since March 2022. This was above the 8.2% forecast by economists and Bank of England’s estimate of an 8.4% rise. On a MoM basis, inflation rose 1.2%.

Labour Market

• The unemployment rate for January to March 2023 is estimated at 3.9%, 0.1pp higher than the previous three-month period and xx below pre-pandemic levels.

Retail sales

• Retail sales rose by xx% YoY in April according to the Retail Economics Retail Sales Index, against a weak xx% rise in the previous year.

Credit and housing market

• Mortgage approvals for house purchases fell back to xxxx in April, from xxxx in March.

Take out a FREE 30 day membership trial to read the full report.

Inflation falls back but remains above expectations