The Deloitte Consumer Tracker Consumer confidence sees its largest increase in 18 months
|
|
- Joy Joseph
- 6 years ago
- Views:
Transcription
1 The Deloitte Consumer Tracker Consumer confidence sees its largest increase in 18 months Q3 The latest Deloitte Consumer Tracker shows that UK consumers have shrugged off postreferendum pessimism, with consumer confidence returning to a five-year high in Q3. In a sign that Brexit fears have been put to one side Deloitte s consumer confidence index rose by three percentage points quarter-on-quarter, its largest increase in 18 months. Five out of the six measures which make up the confidence index rose between the second and third quarters. There were strong gains in consumer confidence regarding job security, job opportunities and career progression. The job security index rose by six percentage points compared to the last quarter after having fallen for three consecutive quarters. In an inversion of the usual relationship, sentiment among Londoners is running lower than for the rest of the UK. Confidence in London has dropped by three percentage points in Q3 and is now nine percentage points lower than it was the same period a year ago. Voting patterns in the referendum showed a majority of Londoners were firmly in the Remain camp. Given the capital s dependence on financial services, a Brexit-led downturn could weaken its economy leading to job cuts, falling house prices and a decline in business activity. Consumer spending overall remains largely stable supported by low inflation. However, expenditure continues to shift from essentials to discretionary categories. Net spending on essentials was flat for the second consecutive quarter, while net spending on discretionary categories rose by one percentage point. Moreover, the gap between leisure and retail spending is narrowing as consumers continue to favour spending on experiences such as holidays rather than on goods. The strength of consumer spending is reflected in the growth of retail sales since the beginning of, with a 5.5 per cent rise in the three months to ust compared to a year earlier. With the consumer-focused economic fundamentals still showing few signs, if any, of a slowdown since the end of e, we expect retail sales growth to continue into the fourth quarter. Looking further ahead, the UK consumer faces the prospect of higher inflation and the start of the formal Brexit process in 17 two events that pose challenges to consumer spending power and sentiment. Key indicators *Net balances Overall consumer confidence (q/q)* Confidence in level of job security (q/q)* Essentials spending (q/q)* Discretionary spending (q/q)* ONS retail sales value growth - (y/y) CPI inflation - (y/y) -8% -1 -% % -% Authors Ben Perkins Head of Research Consumer & Industrial Products beperkins@deloitte.co.uk Céline Fenech Research Manager Consumer & Industrial Products 733 cfenech@deloitte.co.uk Rebecca Thomson Research Manager Consumer & Industrial Products rebthomson@deloitte.co.uk +.9% +3.9% +.%
2 The Deloitte Consumer Tracker Q3 Consumer confidence sees its largest increase in 18 months Consumer confidence Consumer confidence returns to a five-year high in Q3 In a sign that Brexit fears have been put to one side Deloitte s consumer confidence index rose by three percentage points quarter-onquarter, its largest increase in 18 months. Chart 1. Deloitte consumer confidence Net % of consumers who said their level of confidence has improved in the past three months -1 - Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Five out of the six measures which make up the confidence index rose between the second and third quarters. There were strong gains in consumer confidence regarding job security, job opportunities and career progression. Chart. UK consumer sentiment about personal situation Net % of consumers who said their level of confidence has improved in the past three months Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Your household disposable income Your general health and wellbeing Your job security Your job opportunities/career progression Your level of debt Your children s education and welfare The job security index rose by six percentage points compared to the last quarter after having fallen for three consecutive quarters. Chart 3. Consumer confidence in job security Net % of UK consumers who said their level of confidence in job security has improved over the past three months Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Your job security
3 The Deloitte Consumer Tracker Q3 Consumer confidence sees its largest increase in 18 months Consumer confidence An inversion of the usual North vs London relationship Confidence among Londoners fell by three percentage points this quarter and is now nine percentage points lower than it was a year ago. In the meantime, confidence in the North is at its highest since the series began. Chart. Consumer confidence by region Net % of UK consumers who said their level of confidence has improved over the past three months -1 - Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 North London and South East Midlands and South West London Londoners were also less confident about the security of their jobs. Given the capital s dependence on financial services, a Brexitled downturn could weaken its economy leading to job cuts, falling house prices and a decline in business activity. Chart 5. Consumer confidence in job security by regions Net % of UK consumers who said their level of confidence in job security has improved over the past three months Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 North London and South East Midlands and South West London Uncertainty among the Chief Financial Officers of the UK s largest corporates remains high post-brexit. Chart. Uncertainty % CFOs who rate the level of external financial and economic uncertainty facing their business as above normal, high or very high Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q3 Q Q1 Q3 Q Q1 Q3 Source: Deloitte CFO Survey 3
4 The Deloitte Consumer Tracker Q3 Consumer confidence sees its largest increase in 18 months Consumer spending Consumer spending remains stable British shoppers have kept on spending in the aftermath of the vote to leave the EU. Consumer spending overall remains largely stable supported by low inflation. Chart 7. Consumer expenditure % change y-o-y, final consumption expenditure, constant prices, SA % 3% % 1% -1% -% -3% -% -% Source: ONS However, expenditure continues to shift from essentials to discretionary categories. Net spending on essentials was flat for the second consecutive quarter, while net spending on discretionary categories rose by one percentage point. Chart 8. Essentials vs discretionary spending in the last three months Net % UK consumers spending more by category % Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Essentials Discretionary Moreover, the gap between leisure and retail spending is narrowing as consumers continue to favour spending on experiences such as holidays rather than on goods. Chart 9. Category spending in the last three months Net % UK consumers spending more by category % Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Retail spending Leisure spending
5 The Deloitte Consumer Tracker Q3 Consumer confidence sees its largest increase in 18 months Consumer spending Consumer spending remains stable The strength of consumer spending is reflected in the growth of retail sales since the beginning of, with a 5.5 per cent rise in the three months to ust compared to a year earlier. Chart. Retail sales % change in volume and value year-on-year Value Volume Inflation remains low across most categories, with competition continuing to keep prices down in the grocery sector. However, while overall inflation in ust remained flat at. per cent, it has been rising since the start of. Chart. Inflation % change year on year Hotels, Cafes & Restaurants Health Alcoholic beverages & Tobacco Transport Miscellaneous goods & Services Recreation & Culture Housing, Water & Fuels Furniture & Household equipment Clothing & Footwear Food & Nonalcoholic beverages /8/ /8/ Source: ONS Education Communication Total inflation UK retailers have seen their costs rise as a result of the introduction of the new higher minimum wage and the fall in the value of sterling. The key question for retailers is how much of these increased costs they will be able to pass on to consumers while still protecting their margins. Chart 1. British pound sterling effective exchange rate index Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Sep Source: Bank of England 5
6 The Deloitte Consumer Tracker Q3 Consumer confidence sees its largest increase in 18 months Consumer finance Era of low inflation coming to an end An extended period of falling prices, which has enabled consumers to increase their consumption despite subdued wage rises, could be drawing to an end. Chart. % Growth in average wages vs CPI Inflation % change year-on-year Source: Thomson Reuters DataStream. 1 Average earnings including bonuses UK inflation (CPI) Consumer borrowing remains high as the UK shopper defies pessimistic post-referendum forecasts. Chart. Consumer credit Secured and unsecured lending to individuals (% change year-on-year) Source: Thomson Reuters DataStream 1 UK consumer credit Net unsecured lending to individuals (%y-on-y) UK personal borrowing: Dwellings Net lending (%y-on-y) SADJ The unemployment rate has continued to decline and stood at.9 per cent in the three months to e. Chart. Unemployment rate % change year-on-year Source: Thomson Reuters DataStream 1 UK LFS: unemployment rate, all, aged & over SADJ
7 The Deloitte Consumer Tracker Q3 Consumer confidence sees its largest increase in 18 months Outlook Possible headwinds ahead Consumers in our survey expect to spend more on essentials in the next three months. Chart. Category spending over the next three months Net % UK consumers spending more by category % Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Q Q1 Q3 Essentials Small-ticket items Big-ticket items With the consumer-focused economic fundamentals still showing few signs of a slowdown since the end of e, we expect retail sales growth to continue into the fourth quarter. Chart 17. Consumer indicators % change year-on-year Unemployment Average weekly earnings growth rate Interest rates e e July July Sep Sep 5..9%.9%.3%.. Growth forecasts remain positive with GDP expected to increase by 1.7 per cent in, although slowing to.7 per cent in 17. Looking further ahead, two events could pose challenges to consumer spending power and sentiment: the prospect of higher inflation and the start of the formal Brexit process in 17. Chart 18. UK GDP growth: Actual and forecast (%) Forecasts Year-on-year growth 1 Quarter-on-quarter growth Source: ONS, consensus forecasts from The Economist and Deloitte calculations 17 7
8 Contacts Nigel Wixcey Industry Leader, Consumer & Industrial Products Ian Geddes Lead Partner, UK Retail Graham Pickett Lead Partner, UK Travel, Hospitality and Leisure gcpickett@deloitte.co.uk About this research The Deloitte Consumer Tracker is based on a consumer survey carried out by independent market research agency, YouGov, on our behalf. This survey was conducted online with a nationally representative sample of over 3, UK adults aged 18+ between and 19 September. A note on the methodology Some of the figures in this research show the results in the form of a net balance. This means that in a survey of respondents, assume that 3 reported they are spending more, 5 reported no change and reported they are spending less. The net balance is calculated by subtracting the number that reported they spent less from the number that reported they spent more, i.e. 3 =. This means 1 of consumers reported that they spent more rather than less. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ( DTTL ), a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is the United Kingdom member firm of DTTL. This publication has been written in general terms and therefore cannot be relied on to cover specific situations; application of the principles set out will depend upon the particular circumstances involved and we recommend that you obtain professional advice before acting or refraining from acting on any of the contents of this publication. Deloitte LLP would be pleased to advise readers on how to apply the principles set out in this publication to their specific circumstances. Deloitte LLP accepts no duty of care or liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication. Deloitte LLP. All rights reserved. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC3375 and its registered office at New Street Square, London ECA 3BZ, United Kingdom. Tel: + () Fax: + () Designed and produced by The Creative Studio at Deloitte, London. J971
The Deloitte Consumer Tracker. Confidence remains undented Q Key indicators. Authors -5% -6% -4% -4% +5% +12% -2% 0% -1.1% +7.1% +0.2% +1.
Q4 The Deloitte Consumer Tracker Confidence remains undented In a sign that consumer sentiment has remained resilient following the Brexit vote, the latest Deloitte Consumer Tracker shows that despite
More informationThe Deloitte Consumer Tracker Confidence pauses as consumers react to wider uncertainty
2016 The Deloitte Consumer Tracker Confidence pauses as consumers react to wider uncertainty The latest Deloitte Consumer Tracker shows a fall in consumer confidence in the first quarter of 2016, a sign
More informationThe Deloitte Consumer Tracker Consumer confidence rises, underlying caution remains
The Deloitte Consumer Tracker Consumer confidence rises, underlying caution remains Q1 2018 Contents Q1 2018 at a glance Overall consumer confidence (q/q)* Previous Latest -7% -6% Consumer confidence Deloitte
More informationThe Deloitte CFO Survey Political risk and corporate expansion
The Deloitte CFO Survey Political risk and corporate expansion Political risk has eclipsed worries about the economy as a concern for the Chief Financial Officers of the UK s largest companies. CFOs rank
More informationCFOs have also brought forward their estimates for the timing of interest rate rises, with 96% expecting rates to be higher in a year s time.
2018 The Deloitte CFO Survey Transition deal boosts sentiment The first quarter survey of Chief Financial Officers shows slightly firmer business confidence and an easing of Brexit concerns. The announcement
More informationThe Deloitte CFO Survey. Post-election dip in confidence Q Authors. Key contacts
Q2 The Deloitte CFO Survey Post-election dip in confidence In the wake of the General Election on 8th June, optimism among Chief Financial Officers has fallen back from the 18-month high seen in the first
More informationThe Deloitte CFO Survey
20 The Deloitte CFO Survey The year ahead: A cautious start to 2016 Support among the Chief Financial Officers of the UK s largest corporates for staying in the EU has narrowed, mirroring a drift towards
More information30 th European Hotel Investment Conference Experience the future. Simon Oaten & Guy Langford Wednesday 7 November
30 th European Hotel Investment Conference Experience the future Simon Oaten & Guy Langford Wednesday 7 November Passion for leisure Both strong economic fundamentals as well as changes in consumer behaviour
More informationAsda Income Tracker. Report: June 2012 Released: July Centre for Economics and Business Research ltd
Asda Income Tracker Report: June 2012 Released: July 2012 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850 w www.cebr.com
More informationThe Deloitte CFO Survey
Q4 The Deloitte CFO Survey Focus on cost control, no retreat from growth The UK s largest businesses enter 2018 more focussed on controlling costs than at any time in the last eight years. Although the
More informationTime to get focused 2016 Manufacturing & Industrials M&A Predictions
Time to get focused 2 Manufacturing & Industrials M&A Predictions Contents Foreword 1 UK Industrial Products M&A Survey and Outlook 2 The UK environment 4 Britain means Brexit 5 Looking ahead 8 Our Manufacturing
More informationThe Deloitte CFO Survey. Defensive and watchful Q Authors. Key contacts
Q2 The Deloitte CFO Survey Defensive and watchful The second quarter survey of Chief Financial Officers reveals growing concerns about Brexit on the part of CFOs and a marked shift towards more defensive
More informationInspiring consumer confidence in challenging economic times. Graham Pickett Lead Partner Travel, Hospitality & Leisure June 2013
Inspiring consumer confidence in challenging economic times Graham Pickett Lead Partner Travel, Hospitality & Leisure June 2013 Inspiring consumer confidence in challenging economic times Agenda Europe
More informationAsda Income Tracker. Report: July 2016 Released: August Centre for Economics and Business Research ltd
Asda Income Tracker Report: July 2016 Released: August 2016 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850 w
More informationAsda Income Tracker. Report: December 2011 Released: January Centre for Economics and Business Research ltd
Asda Income Tracker Report: December 2011 Released: January 2012 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850
More informationAsda Income Tracker. Report: December 2015 Released: January Centre for Economics and Business Research ltd
Asda Income Tracker Report: December 2015 Released: January 2016 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850
More informationAsda Income Tracker. Report: December 2012 Released: January Centre for Economics and Business Research ltd
Asda Income Tracker Report: December 2012 Released: January 2013 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850
More informationGlobal economy in charts
Global economy in charts Ian Stewart, Debapratim De, Tom Simmons & Peter Ireson Economics & Markets Research, Deloitte, London Summary 1. Global activity easing 2. Slowdown most apparent in euro area 3.
More informationAsda Income Tracker. Report: March 2012 Released: April Centre for Economics and Business Research ltd
Asda Income Tracker Report: March 2012 Released: April 2012 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850 w
More informationAsda Income Tracker. Report: March 2013 Released: April Centre for Economics and Business Research ltd
Asda Income Tracker Report: March 2013 Released: April 2013 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850 w
More informationAsda Income Tracker. Report: January 2015 Released: February Centre for Economics and Business Research ltd
Asda Income Tracker Report: January 2015 Released: February 2015 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850
More informationAsda Income Tracker. Report: October 2011 Released: November Centre for Economics and Business Research ltd
Asda Income Tracker Report: October 2011 Released: November 2011 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850
More informationAsda Income Tracker. Report: November 2011 Released: December Centre for Economics and Business Research ltd
Asda Income Tracker Report: November 2011 Released: December 2011 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324
More informationM&AIndexQ Growth is back on the corporate agenda. The Deloitte. Contacts. Key points
The Deloitte M&AIndex 214 Growth is back on the corporate agenda Contacts Key points Deloitte forecasts a strong resurgence in deal volumes for 214, bolstered by strong economic figures from the US and
More informationAsda Income Tracker. Report: September 2015 Released: October Centre for Economics and Business Research ltd
Asda Income Tracker Report: September 2015 Released: October 2015 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324
More informationAsda Income Tracker. Report: November 2017 Released: December Centre for Economics and Business Research ltd
Asda Income Tracker Report: November 2017 Released: December 2017 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324
More informationBrexit Webinar. One week on - weighing up the outlook. Financial Advisory June 2016
Brexit Webinar One week on - weighing up the outlook Financial Advisory June 2016 Nick Edwards Head of Restructuring Services 2 Reaction To Date FTSE 100, 250 and 350 % change since 23 June 4.0% 3.0% 2.6%
More informationAsda Income Tracker. Report: January 2012 Released: February Centre for Economics and Business Research ltd
Asda Income Tracker Report: January 2012 Released: February 2013 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850
More informationAsda Income Tracker. Report: April 2013 Released: May Centre for Economics and Business Research ltd
Asda Income Tracker Report: April 2013 Released: May 2013 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850 w www.cebr.com
More informationAsda Income Tracker. Report: August 2015 Released: September Centre for Economics and Business Research ltd
Asda Income Tracker Report: August 2015 Released: September 2015 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850
More informationTable 1.3 : Demand side growth in GDP, growth contribution and relative share (figures in per cent at market prices) Growth of GDP
Aggregate demand and its composition 1.17 The most important contribution to demand growth during the Tenth Five Year Plan period (2002-07) had come from investment, while the external trade made negligible
More informationBusiness in Britain. A survey of opinions and trends 48th edition September For your next step
Business in Britain A survey of opinions and trends 48th edition September 16 For your next step BUSINESS IN BRITAIN REPORT OUR CONTRIBUTORS CONTENTS 3 4 Hann-Ju Ho Senior Economist Economic Research Lloyds
More information3. The outlook for consumer spending and online retail 1
3. The outlook for consumer spending and online retail 1 Key points Consumer spending growth is estimated to have slowed for a second consecutive year in 2018, but is still expected to have grown at an
More information29 th European Hotel Investment Conference Heading into thin air? Roger Bootle Wednesday 8 November
29 th European Hotel Investment Conference Heading into thin air? Roger Bootle Wednesday 8 November 1. Agenda The global recovery and future risks. The US and Trump. Economic recovery and political risk
More informationIndirect Tax Conference Public Sector Breakout. Mark Dyer Ben Powell Nick Comer 14 November 2014
Indirect Tax Conference Public Sector Breakout Mark Dyer Ben Powell Nick Comer 14 November 2014 Agenda Supplies of Staff Partial Exemption and economic use Longridge on the Thames Compliance Trends 2 Case
More informationRelease date : 28 December Economic update - December Key data highlights:
Economic update - December Key data highlights:. ember saw inflation fall slightly to 2.3 per cent, reducing the likelihood of a Bank Rate rise from 0.75 per cent. Consumers remain wary of their day-to-day
More informationChanges to UK share plan reporting Are you ready?
Changes to UK share plan reporting Are you ready? Significant changes to the UK share plans reporting regime have been introduced. The changes increase the reporting and disclosure requirements for companies,
More informationSACU Inflation Report July 2011
SACU Inflation Report July 2011 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationEU referendum Initial response
EU referendum Initial response Politics and policy The government faces the historic task of engineering the UK s withdrawal from the EU. In doing so there is no template or model; no major nation has
More information9 November 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS
9 November 2018 AUSTRALIAN ECONOMIC DEVELOPMENTS This week the Reserve Bank of Australia (RBA) left the cash rate at a record low of 1.50%. The RBA expects inflation and wages to accelerate gradually from
More informationUK Indirect Tax Conference 2015 Public Sector. Mark Dyer 11 November 2015
UK Indirect Tax Conference 2015 Public Sector Mark Dyer 11 November 2015 Agenda Health & Social Care Integration Better Care Fund Alternative Delivery Models and Tax Consequences Taxable Adult Social Care,
More informationDISPOSABLE INCOME INDEX
DISPOSABLE INCOME INDEX Q4 2017 A commissioned report for Scottish Friendly CREDIT CARD 1234 5678 9876 5432 JOHN SMITH Executive summary The Scottish Friendly Disposable Income Index uses new survey data
More informationNeed to know. GAAP: In depth. Non-Financial Reporting Regulations. Contents. In a nutshell
GAAP: In depth Need to know Non-Financial Reporting Regulations Contents In a nutshell Background Scope How has this been implemented into UK law? Groups The requirements How does this differ from existing
More informationFSB VOICE OF SMALL BUSINESS fsb.org.uk
Q1 FSB VOICE OF SMALL BUSINESS INDEX QUARTER 1, 2017 @fsb_policy fsb.org.uk Q1 2017 FSB Small Business Index 2 SBI Q1 2017 fsb.org.uk Small business confidence at highest in over a year, but firms are
More informationBirmingham Update. April Economic Research & Policy Economy Directorate
Birmingham Update April 2018 Economic Research & Policy Economy Directorate Economic Dashboard 6.4% +217 Claimant Unemployed - Mar 2018 + 1.2bn +4.8% Economic Output GVA (Nominal) - 2016 63.6% -1,800 50.4%
More informationConsumer Price Index, November, (Base year 2007) Detailed by: Expenditure groups Household welfare levels Household type.
Consumer Price Index, November, 2013 (Base year 2007) Detailed by: Expenditure groups Household welfare levels Household type December 10, 2013 Issue No. 11 SCAD. Consumer Price Index 2013 1 Table of Contents
More informationConsumer Price Index, August 2012
Consumer Price Index, August 2012 (Base year 2007) Detailed by: Expenditure groups Household welfare levels Household type September 5, 2012 Issue No. 8 SCAD. Consumer Price Index 2012 1 Table of Contents
More informationConstruction Industry Focus Survey. Volume 27 Issue 2 November 2017
Construction Industry Focus Survey Volume 27 Issue 2 1 CONTENTS Executive Summary 1 1. Leading Activity Indicator 1 2. Activity by sector and constraints Residential, Nonresidential, Civil Engineering
More informationINFLATION AND CONSUMER PRICE INDICES IN MARCH 2015
Consumer price index (CPI) INFLATION AND CONSUMER PRICE INDICES IN MARCH 2015 The consumer price index in March 2015 compared to February 2015 was 100.4%, i.e. the monthly inflation was 0.4%. The inflation
More informationINFLATION AND CONSUMER PRICE INDICES IN JULY 2014
Consumer price index (CPI) INFLATION AND CONSUMER PRICE INDICES IN JULY 2014 The consumer price index in July 2014 compared to June 2014 was 100.4%, i.e. the monthly inflation was 0.4%. The inflation rate
More informationFigure 1. Inflation measured by CPI by months
INFLATION AND CONSUMER PRICE INDICES IN SEPTEMBER 2014 Consumer price index (CPI) The consumer price index in September 2014 compared to August 2014 was 99.8%, i.e. the monthly inflation was -0.2%. The
More informationINFLATION AND CONSUMER PRICE INDICES IN SEPTEMBER
INFLATION AND CONSUMER PRICE INDICES IN SEPTEMBER 2015 Consumer price index (CPI) The consumer price index in September 2015 compared to August 2015 was 99.9%, i.e. the monthly inflation was -0.1%. The
More informationINFLATION AND CONSUMER PRICE INDICES IN NOVEMBER
INFLATION AND CONSUMER PRICE INDICES IN NOVEMBER 2012 Consumer price index (CPI) The consumer price index in November 2012 compared to October 2012 was 99.9%, i.e. the monthly inflation was -0.1%. The
More informationINFLATION AND CONSUMER PRICE INDICES IN AUGUST 2013
Consumer price index (CPI) INFLATION AND CONSUMER PRICE INDICES IN AUGUST 2013 The consumer price index in August 2013 compared to July 2013 was 99.4%, i.e. the monthly inflation was -0.6%. The inflation
More informationDeloitte Finance Club The community for Financial Controllers and senior financial executives
Deloitte Finance Club The community for Financial Controllers and senior financial executives Wednesday, 16 th September 2015 Deloitte Finance Club A few facts Established in May 1997 as the Financial
More informationGovernance in brief Risk, internal control and viability how September year end reporters have tackled the new Code provisions
January 2016 Governance in brief Risk, internal control and viability how September year end reporters have tackled the new Code provisions Headlines No companies reported any non-compliance for either
More informationDanske Bank October 2015 Economic Update,
Monthly update: 5 October 2015 Danske Bank Chief Economist, Twitter: angela_mcgowan www.danskebank.co.uk/ec Local job and investment announcements during September 2015 Over the month of September there
More informationTalent in Insurance 2015 The Netherlands in Focus. UK Financial Services Insight
Talent in Insurance 2015 The Netherlands in Focus UK Financial Services Insight Report contents The Netherlands in Focus Key findings Macroeconomic and industry context Survey findings 2 Key findings 3
More informationBuilding bridges for growth. Viewpoint from Davos David Sproul, Senior Partner and Chief Executive
Building bridges for growth Viewpoint from Davos David Sproul, Senior Partner and Chief Executive Building bridges for growth Trust, or the lack of it, between business, government and the public is now
More information29 th European Hotel Investment Conference Heading into thin air? Andreas Scriven Wednesday 8 November
29 th European Hotel Investment Conference Heading into thin air? Andreas Scriven Wednesday 8 November Chairman s welcome Andreas Scriven Partner - Head of Hospitality & Leisure Deloitte #DeloitteEHIC
More informationConsumer Price Index
Consumer Price Index July 2015 1 Released Date: 4 August 2015 (Base year 2007) Detailed by: Expenditure groups Household welfare levels Household type Regions Introduction The (CPI) is an important statistical
More informationAsda Income Tracker. Report: March 2017 Released: April Centre for Economics and Business Research ltd
Asda Income Tracker Report: March 2017 Released: April 2017 M a k i n g B u s i n e s s S e n s e Centre for Economics and Business Research ltd Unit 1, 4 Bath Street, London EC1V 9DX t 020 7324 2850 w
More informationINFLATION AND CONSUMER PRICE INDICES IN MARCH
INFLATION AND CONSUMER PRICE INDICES IN MARCH 2014 Consumer price index (CPI) The consumer price index in March 2014 compared to February 2014 was 99.8%, i.e. the monthly inflation was -0.2%. The inflation
More informationINFLATION AND CONSUMER PRICE INDICES IN APRIL 2014
Consumer price index (CPI) INFLATION AND CONSUMER PRICE INDICES IN APRIL 2014 The consumer price index in April 2014 compared to March 2014 was 100.3%, i.e. the monthly inflation was 0.3%. The inflation
More informationThe cash paradox: How record cash reserves are influencing corporate behaviour
M&APerspectives January 214 The cash paradox: How record cash reserves are influencing corporate behaviour IDEA IN BRIEF The top 1 non-financial companies globally are holding $2.8 trillion in cash. Commentators
More informationINFLATION AND CONSUMER PRICE INDICES IN OCTOBER 2012
Consumer price index (CPI) INFLATION AND CONSUMER PRICE INDICES IN OCTOBER 2012 The consumer price index in October 2012 compared to September 2012 was 100.3%, i.e. the monthly inflation was 0.3%. The
More informationMonthly Bulletin of Economic Trends: Review of the Australian Economy
MELBOURNE INSTITUTE Applied Economic & Social Research Monthly Bulletin of Economic Trends: Review of the Australian Economy March 2018 Released on 22 March 2018 Outlook for Australia 1 Economic Activity
More informationUK Outlook. Economy in holding pattern amid Brexit uncertainty. July Economic Research Unit
UK Outlook July Economy in holding pattern amid Brexit uncertainty While it has been a game of two halves for the UK economy over the first six months of - poor weather dampening activity in the first
More informationINFLATION AND CONSUMER PRICE INDICES IN SEPTEMBER 2016
INFLATION AND CONSUMER PRICE INDICES IN SEPTEMBER 2016 Consumer price index (CPI) The consumer price index in September 2016 compared to August 2016 was 99.5%, i.e. the monthly inflation was -0.5%. The
More informationINFLATION AND CONSUMER PRICE INDICES IN APRIL 2017
INFLATION AND CONSUMER PRICE INDICES IN APRIL 2017 Consumer price index (CPI) The consumer price index in April 2017 compared to March 2017 was 100.7%, i.e. the monthly inflation was 0.7%. The inflation
More informationINFLATION AND CONSUMER PRICE INDICES IN JULY 2016
INFLATION AND CONSUMER PRICE INDICES IN JULY 2016 Consumer price index (CPI) The consumer price index in July 2016 compared to June 2016 was 101.0%, i.e. the monthly inflation was 1.0%. The inflation rate
More informationINFLATION AND CONSUMER PRICE INDICES IN MARCH 2017
INFLATION AND CONSUMER PRICE INDICES IN MARCH 2017 Consumer price index (CPI) The consumer price index in March 2017 compared to February 2017 was 99.5%, i.e. the monthly inflation was -0.5%. The inflation
More informationINFLATION AND CONSUMER PRICE INDICES IN AUGUST 2018
INFLATION AND CONSUMER PRICE INDICES IN AUGUST 2018 Consumer price index (CPI) The consumer price index in August 2018 compared to July 2018 was 100.1%, i.e. the monthly inflation was 0.1%. The inflation
More informationINFLATION AND CONSUMER PRICE INDICES IN MARCH 2018
INFLATION AND CONSUMER PRICE INDICES IN MARCH 2018 Consumer price index (CPI) The consumer price index in March 2018 compared to February 2018 was 99.7%, i.e. the monthly inflation was -0.3%. The inflation
More informationINFLATION AND CONSUMER PRICE INDICES IN JULY 2018
INFLATION AND CONSUMER PRICE INDICES IN JULY 2018 Consumer price index (CPI) The consumer price index in July 2018 compared to June 2018 was 100.7%, i.e. the monthly inflation was 0.7%. The inflation rate
More informationINFLATION AND CONSUMER PRICE INDICES IN AUGUST 2016
INFLATION AND CONSUMER PRICE INDICES IN AUGUST 2016 Consumer price index (CPI) The consumer price index in August 2016 compared to July 2016 was 100.0%, i.e. the monthly inflation was 0.0%. The inflation
More informationINTRODUCTION SUMMARY BREXIT IN YOUR WORKPLACE
Unite the Union February 2017 INTRODUCTION Headline employment figures may be strong but, as the TUC explains, there is much to be concerned about in the new normal : a growth in insecure work, underemployment
More informationOur tax advisory principles A distinctive approach. Blue heading Green heading
Our tax advisory principles A distinctive approach Blue heading Green heading Introduction Our vision at Deloitte is to be the distinctive firm; defined by the impact we have on the success and reputation
More informationBRITS INCREASINGLY TURNING TO CREDIT TO MAKE ENDS MEET AS FINANCES STRETCH AND ECONOMIC PESSIMISM GROWS IN UK HOUSEHOLDS
Embargoed until 00.01am Friday 30 th June BRITS INCREASINGLY TURNING TO CREDIT TO MAKE ENDS MEET AS FINANCES STRETCH AND ECONOMIC PESSIMISM GROWS IN UK HOUSEHOLDS - Three quarters of Brits use credit to
More informationINFLATION AND CONSUMER PRICE INDICES IN FEBRUARY 2018
INFLATION AND CONSUMER PRICE INDICES IN FEBRUARY 2018 Consumer price index (CPI) The consumer price index in February 2018 compared to January 2018 was 100.3%, i.e. the monthly inflation was 0.3%. The
More informationDefined Benefit Pension Schemes Deloitte Funding Tracker Q How does your scheme compare?
Defined Benefit Pension Schemes Deloitte Funding Tracker The Deloitte Scheme Funding Deficit Tracker shows how the deficit of three illustrative schemes with Return Seeking, Lower Risk and Hedging investment
More informationMajor Highlights. Recent Economic Developments. September/October,2016. Central Bank of Swaziland 1
September/October,20 Major Highlights The country s headline inflation increased to 8.3 per cent in Septmber 20 from 8.0 per cent in August 20. Inflation rate (% y/y) 8.3 (Sep) Discount and prime rates
More informationThe real change in private inventories added 0.15 percentage points to the second quarter GDP growth, after subtracting 0.65% in the first quarter.
QIRGRETA Monthly Macroeconomic Commentary United States The U.S. economy rebounded in the second quarter of 2007, growing at an annual rate of 3.4% Q/Q (+1.8% Y/Y), according to the GDP advance estimates
More informationMain Economic & Financial Indicators UK
Main Economic & Financial Indicators UK 17 MAY 217 AKIKO DARVELL ASSOCIATE ECONOMIST ECONOMIC RESEARCH OFFICE (LONDON) T +44-()2-7577-1591 E akiko.darvell@uk.mufg.jp The Bank of Tokyo-Mitsubishi UFJ, Ltd.
More informationMeasuring Unemployment Some Key Terms
Measuring Unemployment Some Key Terms Claimant Count (JSA) Labour Force Survey (LFS) The number of people officially claiming unemployment- related benefits must be actively seeking work All those actively
More informationINFLATION AND CONSUMER PRICE INDICES IN SEPTEMBER 2017
INFLATION AND CONSUMER PRICE INDICES IN SEPTEMBER 2017 Consumer price index (CPI) The consumer price index in September 2017 compared to August 2017 was 100.2%, i.e. the monthly inflation was 0.2%. The
More informationChief Internal Auditor Conference 2017 Building Trust. Making an Impact.
Chief Internal Auditor Conference 2017 Building Trust. Making an Impact. 6 January 2017 Welcome Peter Astley EMEA Internal Audit Lead Risk Advisory 2 Deloitte s Global Chief Audit Executive Survey Evolution
More informationUK Indirect Tax Conference 2014 Compliance in Perspective Consumer Business Case Law. Oliver Jarratt 14 November 2014
UK Indirect Tax Conference 2014 Compliance in Perspective Consumer Business Case Law Oliver Jarratt 14 November 2014 1 Contents Place of supply Finance exemption Adjustments Barter, free stuff and no supply
More informationConsumption led growth in an era of squeezed incomes
Consumption led growth in an era of squeezed incomes DISCUSSION AND SCOPING PAPER By Mark Magill, Marguerite McPeake and Jordan Buchanan The aim of this report is to provide an overview of some recent
More informationIFRS industry insights
IFRS Global Office May 2011 IFRS industry insights The Revenue Recognition Project An update for the consumer business industry Respondents requested that the Boards clarify how to evaluate the transfer
More informationSACU INFLATION REPORT. February 2016
SACU INFLATION REPORT February 2016 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationTENDER PRICE INDICATOR 3 RD QUARTER 2016
TENDER PRICE INDICATOR 3 RD QUARTER 2016 Our first post Brexit forecast indicates that the current growth cycle is slowing due to economic uncertainty which could impact future demand for construction.
More informationUK Taxation of Real Estate. Kathryn Wintle & Barry Curtis 23 April 2015
UK Taxation of Real Estate Kathryn Wintle & Barry Curtis 23 April 2015 Contents Background UK NRL compliance VAT considerations Stamp Duty Land Tax Annual Tax on Enveloped Dwellings Capital Gains Tax on
More informationFederal Republic of Somalia Ministry of Planning, Investment and Economic Development Directorate of National Statistics CONSUMER PRICE INDEX
Federal Republic of Somalia Ministry of Planning, Investment and Economic Development Directorate of National Statistics CONSUMER PRICE INDEX October 2018 Executive Summary The All Groups CPI was 111.62
More informationINFLATION AND CONSUMER PRICE INDICES IN APRIL 2016
INFLATION AND CONSUMER PRICE INDICES IN APRIL 2016 Consumer price index (CPI) The consumer price index in April 2016 compared to March 2016 was 100.0%, i.e. the monthly inflation was 0.0%. The inflation
More informationInvestment Property Forum UK Consensus Forecasts
Investment Property Forum UK Consensus Forecasts AUGUST 2015 SUMMARY REPORT This research was commissioned by the IPF Research Programme 2015 2018 UK Consensus Forecasts This research was funded and commissioned
More informationDECEMBER 2017 BREXIT: BDO S MONTHLY ECONOMIC UPDATE
DECEMBER 2017 BREXIT: BDO S MONTHLY ECONOMIC UPDATE Welcome to the 18th edition of BDO s monthly economic outlook a temperature check of how UK businesses are feeling in the post-referendum world. Our
More informationINFLATION AND CONSUMER PRICE INDICES IN FEBRUARY 2016
INFLATION AND CONSUMER PRICE INDICES IN FEBRUARY 2016 Consumer price index (CPI) The consumer price index in February 2016 compared to January 2016 was 99.7%, i.e. the monthly inflation was -0.3%. The
More informationLiving Costs and Food Survey
Living Costs and Food Survey Main results and developments Giles Horsfield Headline figure 2010 Average household weekly expenditure was 474 ( 455 in 2009) Increase to 2008 levels, after a drop was reported
More informationUpdate on recent tax & legal issues relating to global share plans. Andrew Moreton & Richard Wilson
Update on recent tax & legal issues relating to global share plans Andrew Moreton & Richard Wilson 29 September 2016 Introduction 2 Agenda Global updates of the last six months Key trends in employee share
More information