Asda Income Tracker. Report: March 2013 Released: April Centre for Economics and Business Research ltd
|
|
- Primrose Hines
- 5 years ago
- Views:
Transcription
1 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 w Centre for Economics and Business Research 2013
2 Contents Asda Income Tracker Introduction 02 Headlines 03 Constructing the Income Tracker 04 Dashboard 05 Income Tracker trends 06 Cost of living 08 Labour market 10 Regional trends 11 Contact 14 Data charts & tables 15 Method 20 Disclaimer 22 1 Centre for Economics and Business Research 2013
3 Introduction Asda Income Tracker Over the last few months we ve seen a gradual improvement in the income tracker, but the latest figures shows that we are far from out of the woods. The recent cold snap has clearly impacted household utility bills; with the recent change in weather hopefully this will help to ease some of this pressure. In this tough environment we are holding down the price of essentials like bread and eggs and, coupled with our recent lead on lowering petrol prices, we continue to work hard to help families balance their books. Andy Clarke Asda President and CEO 2 Centre for Economics and Business Research 2013
4 Headlines Asda Income Tracker Headlines The average UK household had 152 a week of discretionary income in March 2013, down by 1 on the same month a year before and remaining 7 below the level in March This is the first annual decline in 12 months, as the slowdown in the labour market puts pressure on family finances. Annual price inflation on essential spending items climbed higher in March to stand at 3.0 per cent, up from a previous reading of 2.9 per cent. Faster inflation was seen on housing costs, such as electricity and gas tariffs and mortgage interest payments. Although strong employment growth over 2012 helped to boost household incomes, the level of employment has now started to fall back. In addition, annual regular earnings increases have slowed again significantly to just 1.0 per cent year on year. This is the slowest since the data series began, standing well below the pace of inflation and constraining discretionary income growth. This month s annual decline in the Asda Income Tracker highlights the tough conditions being faced by UK households, as pay growth slows and the cost of living rises at 3.0 per cent year on year. Asda family spending power was down by 1 a week year-on-year (a 0.7% annual decline) Moreover, the outlook for family finances 2013 remains fragile. High unemployment and weak pay increases are likely to continue as economic growth remains slow, while inflation looks set to remain elevated for much of the year. Rob Harbron Economist, Cebr 3 Centre for Economics and Business Research 2013
5 Constructing the Asda Income Tracker Model Total household income 699 per week - e.g.. national insurance contributions, income tax Taxes = Net income 578 per week e.g.. wages, investment income, pensions, social security, self employment earnings 121 per week i.e. take home pay Net income 578 per week - e.g.. food, clothing, housing costs, bills, transport, communication costs, health, children s schooling, house maintenance and repair Cost of living = Average family spending power 152 per week i.e. take home pay 426 per week eg. holidays, cinema, theatre, eating out, toys, sports, savings, jewellery, national lottery and other gambling payments, computer software and games 4 Centre for Economics and Business Research 2013
6 Asda Income Tracker Dashboard: March Dashboard Indicator Regular earnings growth* (Feb) Employment growth* (Feb) Unemployment rate** (Feb) Net income Mortgage costs Food Vehicle fuels Home electricity, gas & fuel Essential item inflation Family spending power Annual percentage change 1.0% (excl. bonuses) 1.7% (+488,000 employment on year) 7.9% (-0.3 % points on year) 2.4% 4.6% 3.7% 0.1% 7.3% 3.0% -0.7% Latest trend KEY IMPROVEMENT NO SIGNIFICANT CHANGE DETERIORATION * three months to month stated **unemployment rate for three months to month stated 5 Centre for Economics and Business Research 2013
7 Weaker labour market takes its toll, as discretionary incomes start to fall again Income Tracker Trends The Asda Income Tracker was 1 a week lower in March 2013 than a year before Year-on-year change in Asda income tracker, In March 2013, household discretionary incomes excluding bonuses showed a year-on-year fall for the first time in 12 months. This return to annual decline highlights the effect of current economic conditions on the finances of the average household. Growth in the cost of living increased, pushed up by utility prices and higher mortgage interest payments. At the same time, labour market conditions have weakened. The latest data showed joblessness rising again and exceptionally low wage growth. Once the effect of bonus payments are included, the decline is more severe; discretionary incomes dropped annually by 2 in March, as bonus payments fell back year on year. 6 Centre for Economics and Business Research 2013
8 Very weak wage growth is holding back household spending power Income Tracker Trends The Asda Income Tracker was 1 a week lower in March 2013 than a year before Contributions to annual change in the Income Tracker (excluding bonuses), March 2013 The average UK household had 152 a week in discretionary income in March 2013, down from 153 in the same month a year before and well below a reading of 159 in March Net household incomes rose over the past 12 months by 2.4 per cent, boosted by increases in the income tax free personal allowance and the level of employment, which remains higher than a year ago. However, further slowdowns in the pace of wage increases has caused net income growth to slow, from a previous reading of 2.7 per cent. At the same time, the pace of growth in the cost of living rose again in March to its highest rate since October 2012, putting higher pressure on household finances. 7 Centre for Economics and Business Research 2013
9 Headline UK inflation stands unchanged, but cost of essentials grows faster Cost of living Annual essential item price inflation rose to 3.0 per cent in March 2013 from 2.9 per cent in February Annual inflation on the consumer price index and essential item annual inflation Annual inflation on the headline consumer price index stood still at 2.8 per cent in March, unchanged from February s reading. However, the rate has not been higher since May However, inflation on the price of essential items rose in March to 3.0 per cent, from a previous reading of 2.9 per cent. The rate of essential item inflation has not been higher since April The retail price measure of inflation climbed marginally to 3.3 per cent, from 3.2 per cent in February, as the pace of inflation on mortgage interest payments sped up. Growth in the cost of living is expected to remain elevated in 2013 due to increases in regulated prices such as public transport, energy and education. 8 Centre for Economics and Business Research 2013
10 Rising home utility prices continue to put pressure on discretionary incomes Cost of living The main factors putting pressure on family discretionary income in March were: Inflation of selected goods, annual change to March 2013 The rising cost of electricity and gas tariffs continue to be a key driver of the headline inflation rate. Annual price inflation on electricity now stands at its highest since July 2012, while gas price inflation is at fastest since August last year. Food price inflation remains high, broadly unchanged compared to the previous month at 3.7 per cent over the year to March, reflecting the effects of bad harvests in In addition, inflation on mortgage interest sped up again in March, with payments rising 4.6 per year on year a rate not surpassed since October However, at the other end of the scale, vehicle fuel prices were virtually unchanged in March 2013 compared to the same month the previous year. 9 Centre for Economics and Business Research 2013
11 Labour market deteriorates, as unemployment rises and pay growth slows Labour Market UK unemployment stood at 7.9 per cent in the three months to February 2013 UK unemployment rate (LHS), per cent and 3-month annual growth in regular pay (RHS), per cent Following employment growth in the UK across much of 2012, the level of employment has now fallen back quarter on quarter for the first time since the three months to October Despite this headline, there are signs that the issue of underemployment in the UK economy may be easing. In the three months to February 2013, parttime employment fell by 62,000 compared to the previous quarter but full-time work increased by 60,000. However, with underlying economic conditions remaining weak, the rate of pay growth has fallen back to new lows. In the three months to February, regular pay was just 1.0 per cent higher than a year before, the slowest growth since the data series began in In addition, total pay (including bonuses) increased by just 0.8 per cent over the same period. 10 Centre for Economics and Business Research 2013
12 Households in Northern Ireland continue to see sharp declines in discretionary incomes Regional Trends Discretionary incomes fell back into decline in Q across much of the UK Asda Income Trackers by region, annual change to quarter indicated Discretionary incomes among households in Northern Ireland slipped back year on year by 11.5 per cent in Q1 2013, a deterioration from a 6.8 annual drop in Q Labour market conditions in Northern Ireland have worsened significantly in recent months. The unemployment rate has risen sharply, to stand at 8.4 per cent in the three months to February. This is up from 6.8 per cent in the same period a year before and stands above the UK average of 7.9 per cent. At the other end of the scale, households in the North West and North East continued to see year on year increases to their discretionary incomes in Q Discretionary incomes in these regions were supported by strengthening labour markets the unemployment rate in the North West fell by 1.2 percentage points over the past year while the rate in the North East fell by 1.1 points. 11 Centre for Economics and Business Research 2013
13 Discretionary incomes in Scotland rise further above UK average Regional Trends However, those in Northern Ireland continue to slip further behind Asda Income Trackers by region, per week Households in Scotland had weekly discretionary incomes of 158 in Q1 2013, broadly unchanged from the previous quarter. As discretionary incomes for the average UK household fell back over the same period, those in Scotland are now comparatively better off. The same is true for households in Wales discretionary incomes remained unchanged in Q compared to the previous quarter, at 143 per week. However, discretionary income in Northern Ireland is continuing to fall further behind the UK average households here had 54 a week in Q1 2013, down from 56 the previous quarter. 12 Centre for Economics and Business Research 2013
14 Regional Trends Households in the North of England see fastest income growth, due to employment increases over year Meanwhile, income growth in the East and South East are two of the lowest in the UK Regional gross income, annual change to quarter Unemployment rates over the past year have fallen back across much of the country, helping to boost gross incomes. However there is something of a North / South divide, as unemployment has dropped sharply in the North East and North West, but risen in the regions of the East of England and the South East. This increase in unemployment has had the effect of constraining gross income growth to just 1.6 per cent in both these areas of the UK. With the cost of living rising year on year in these regions by around 3.0%, discretionary incomes are being eroded. 13 Centre for Economics and Business Research 2013
15 Data and Method Appendix Please find attached method notes and the tabulated date. Asda produces a monthly income tracker report with a more comprehensive report every quarter. For further information please contact: Bee Rycroft PR Manager Bee.Rycroft@Asda.co.uk Tel Centre for Economics and Business Research
16 Monthly Asda Income Tracker Figure 1: Asda Income Tracker and year-on-year change (excluding bonuses) Asda Income Tracker tables 25% 20% 15% 10% 5% 0% -5% % Mar-08 Jul-08 Nov-08 Mar-09 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Asda Income Tracker (LHS) Asda Income Tracker annual % change (RHS) 15 Centre for Economics and Business Research 2013
17 Monthly Asda Income Tracker Asda Income Tracker tables Figure 2: Comparison of year-on-year change in Asda Income Tracker including and excluding bonuses 16 Centre for Economics and Business Research 2013
18 Monthly Asda Income Tracker Asda Income Tracker tables Figure 3: Twelve-month moving average of Income Tracker (excl. bonuses) level Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar Centre for Economics and Business Research 2013
19 Monthly Asda Income Tracker Asda Income Tracker tables Table 1: Average UK household Income Tracker, per week, current prices, excluding bonuses Month Income tracker Month Income tracker Month Income tracker Month Income tracker Month Income tracker January January January January January February February February February February March March March March March April April April April May May May May June June June June July July July July August August August August September September September September October October October October November November November November December December December December Average Average Average Average Centre for Economics and Business Research 2013
20 Quarterly ASDA Income Tracker Asda Income Tracker tables Table 2: Average household Income Tracker, per week, current prices, excluding bonuses Region Q Q Q Northern Ireland Yorkshire & Humber North East North West West Midlands East Midlands South West Wales UK Scotland South East East London Centre for Economics and Business Research
21 Method The Asda income tracker is calculated from the following equations: Method notes Total household income minus taxes equals net income Net income minus basic spend equals Asda income tracker Total household income for the United Kingdom is derived from the Living Costs and Food Survey 2011 (released December 2012). This is updated on a monthly basis using official statistics on average earnings, unemployment, social security payments, interest rates and pension income. Earnings data from the Office for National Statistics that is released in the month of the report refers to the previous month. We forecast earnings data for the month of the report. Taxes are subtracted from total household income to estimate the actual amount that can be spent on goods and services, i.e. net income or disposable income. The average amount of tax paid is calculated using the latest version of the Living Costs and Food Survey. This is updated on a monthly basis using Office for National Statistics data and Cebr modelling. 20 Centre for Economics and Business Research 2013
22 Method Method notes These components are based on official statistics and Cebr calculations. Net income is calculated by deducting our tax estimate from our total household income estimate. Basic spend (cost of living) figures are updated using monthly consumer price data and the trend growth rate in the volume of essential goods and services purchased over the most recent ten year period. A full list of items constituting basic (or essential ) spending was created in collaboration between Asda and Cebr when the income tracker concept was originally formed in This list is available on request. The Asda income tracker is a measure of discretionary income, reflecting the amount remaining after the average UK household has had taxes subtracted from their income and bought essential items such as: groceries, electricity, gas, transport costs and mortgage interest payments or rent. The income tracker measures the amount left over to spend on discretionary purchases such as leisure and recreation goods and services. 21 Centre for Economics and Business Research 2013
23 Disclaimer Disclaimer This report was produced by the Centre for Economics and Business Research (Cebr), an independent economics and business research consultancy established in 1993 providing forecasts and advice to City institutions, government departments, local authorities and numerous blue-chip companies throughout Europe. The main contributors to this report are Cebr economists Rob Harbron and Charles Davis. Whilst every effort has been made to ensure the accuracy of the material in this report, the authors and Cebr will not be liable for any loss or damages incurred through the use of this report. London, April Centre for Economics and Business Research 2013
Asda 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: 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 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 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: 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: 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: 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: 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: 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: 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 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: 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 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: 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 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 informationThe UK economic and fiscal outlook
The UK economic and fiscal outlook Report for StepChange Debt Charity Centre for Economics and Business Research ltd Contents Executive summary 3 Global economic outlook 4 UK economic outlook 8 UK regional
More informationConsumer Debt and Money Report Q making business sense
Consumer Debt and Money Report Q3 2012 3 making business sense Executive summary & commentary The StepChange Debt Charity Consumer Debt and Money Report Q3 2012 expands on previous reports to build a nuanced
More informationBDO MONTHLY BUSINESS TRENDS INDICES April Copyright BDO LLP. All rights reserved.
BDO MONTHLY BUSINESS TRENDS INDICES April 2014 Copyright BDO LLP. All rights reserved. INTRODUCTION The BDO Monthly Trends Indices are polls of polls that pull together the results of all the main UK business
More informationBDO MONTHLY BUSINESS TRENDS INDICES March Copyright BDO LLP. All rights reserved.
BDO MONTHLY BUSINESS TRENDS INDICES March 2018 Copyright BDO LLP. All rights reserved. INTRODUCTION The BDO Monthly Trends Indices are polls of polls that pull together the results of all the main UK business
More informationBDO MONTHLY BUSINESS TRENDS INDICES April Copyright BDO LLP. All rights reserved.
BDO MONTHLY BUSINESS TRENDS INDICES April 2017 Copyright BDO LLP. All rights reserved. INTRODUCTION The BDO Monthly Trends Indices are polls of polls that pull together the results of all the main UK business
More informationThe 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 informationBDO MONTHLY BUSINESS TRENDS INDICES February Copyright BDO LLP. All rights reserved.
BDO MONTHLY BUSINESS TRENDS INDICES February 2014 Copyright BDO LLP. All rights reserved. INTRODUCTION The BDO Monthly Trends Indices are polls of polls that pull together the results of all the main UK
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 informationBDO MONTHLY BUSINESS TRENDS INDICES December Copyright BDO LLP. All rights reserved.
BDO MONTHLY BUSINESS TRENDS INDICES December Copyright BDO LLP. All rights reserved. INTRODUCTION The BDO Monthly Trends Indices are polls of polls that pull together the results of all the main UK business
More informationSME Monitor Q aldermore.co.uk
SME Monitor Q1 2014 aldermore.co.uk aldermore.co.uk Contents Executive summary UK economic overview SME inflation index one year review SME cost inflation trends SME business confidence SME credit conditions
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 informationFSB VOICE OF SMALL BUSINESS fsb.org.uk
Q4 FSB VOICE OF SMALL BUSINESS INDEX QUARTER 4, 2016 @fsb_policy fsb.org.uk SBI Q4 2016 Small business confidence rebounded in the last quarter, but cost pressures are at their highest since early 2014
More informationBDO MONTHLY BUSINESS TRENDS INDICES November Copyright BDO LLP. All rights reserved.
BDO MONTHLY BUSINESS TRENDS INDICES November Copyright BDO LLP. All rights reserved. INTRODUCTION The BDO Monthly Trends Indices are polls of polls that pull together the results of all the main UK business
More informationUlster Bank Northern Ireland PMI
Embargoed until 0101 UK (0001 UTC) 10 September 2018 Ulster Bank Northern Ireland PMI New orders rise at weakest pace in four months Key Findings Weaker growth of output and new orders Further increase
More informationUlster Bank Northern Ireland PMI
Embargoed until 0101 UK (0001 UTC) 13 August 2018 Ulster Bank Northern Ireland PMI Fastest rise in output since January Key Findings Sharper increases in both output and new orders Slowest rise in employment
More informationDanske Bank March 1 ST 2016 Economic Update,
Monthly update: Tuesday 1 March 2016 Danske Bank Chief Economist, Twitter: angela_mcgowan Local job and investment announcements during January 2016: The NI economy suffered a significant blow during the
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 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 informationThe Deloitte Consumer Tracker Consumer confidence sees its largest increase in 18 months
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
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 informationUlster Bank Northern Ireland PMI
Embargoed until 0101 (UK) 14 January 2019 Ulster Bank Northern Ireland PMI New orders stagnate in December Key Findings No change in new business ends 25-month sequence of growth Further solid rises in
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 informationEconomic activity gathers pace
Produced by the Economic Research Unit October 2014 A quarterly analysis of trends in the Irish economy Economic activity gathers pace Positive data flow Recovery broadening out GDP growth revised up to
More informationBusiness in Britain. A survey of opinions and trends 50th edition June For your next step
Business in Britain A survey of opinions and trends th edition June 17 For your next step OUR CONTRIBUTORS CONTENTS 3 INTRODUCTION 4 EXECUTIVE SUMMARY Hann-Ju Ho Senior Economist Economic Research Lloyds
More informationOverview of the Scottish labour market
Overview of the Scottish labour market Comparable figures on the labour market 1 between Scotland and the United Kingdom in the second quarter of 2008 are summarised in Table 1. Labour Force Survey (LFS)
More informationUlster Bank Northern Ireland Purchasing Managers Index (PMI)
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector November 2013 Survey Update Issued
More informationUlster Bank Northern Ireland PMI
11 February 2019 Employment falls for first time in four years Key Findings Output growth at 28-month low Employment falls for first time in four years Business sentiment remains muted Northern Ireland
More informationQ UK BUSINESS CONFIDENCE MONITOR. Scotland Summary Report
Q4 27 UK BUSINESS CONFIDENCE MONITOR Scotland Summary Report CONTENTS Q4 27 KEY POINTS 1 FOREWORD ICAEW CHIEF ECONOMIST 2 MAIN FINDINGS 4 BUSINESS FINANCIAL PERFORMANCE 4 TRENDS BY INDUSTRY 5 TRENDS ACROSS
More informationUK BUSINESS CONFIDENCE MONITOR Q3 2013
UK BUSINESS CONFIDENCE MONITOR 213 BUSINESS WITH CONFIDENCE WELCOME Businesses are feeling at their most confident since Q2 21, with that confidence yet again registering across all sectors and all regions.
More informationBusiness activity growth weakens in June
9 July 2018 NatWest Wales PMI Business activity growth weakens in June Key Findings Output rises at softer pace Rate of growth in new business weakest in almost two years Staffing numbers decline Wales
More informationSix years of inflation comes to an end in February
9th March 2015 Ulster Bank Northern Ireland PMI The Ulster Bank Northern Ireland PMI (Purchasing Managers Index ) is produced by Markit Economics. The report features original survey data collected from
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 informationNew orders rise at sharpest pace in eight months
March 14th 2016 Ulster Bank Northern Ireland PMI The Ulster Bank Northern Ireland PMI (Purchasing Managers Index ) is produced by Markit Economics. The report features original survey data collected from
More informationDISPOSABLE INCOME INDEX
DISPOSABLE INCOME INDEX Q1 2018 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 informationThe Money Statistics. December.
The Money Statistics December 2018 Welcome to the December 2018 edition of The Money Statistics, The Money Charity s monthly roundup of statistics about how we use money in the UK. If you have any questions,
More informationUK Economic Outlook July 2018
www.pwc.co.uk/economics UK Economic Outlook July 2018 Contents 1 2 3 4 Global outlook UK economic prospects UK housing market outlook Impact of AI and related technologies on jobs in the UK UK Economic
More informationInvestec Services PMI Ireland
Embargoed until: 06:00 (Dublin) September 5th 18 Investec Services PMI Ireland Activity rises at sharper pace in August Investec T: +3-1-421-0496 E: Investec.Economics@investec.ie W: www.investec.ie Investec
More informationTRADE UNION MEMBERSHIP Statistical Bulletin
TRADE UNION MEMBERSHIP 2016 Statistical Bulletin May 2017 Contents Introduction 3 Key findings 5 1. Long Term and Recent Trends 6 2. Private and Public Sectors 13 3. Personal and job characteristics 16
More informationQ3 SME Cost Inflation Report November 2013
Q3 SME Cost Inflation Report November 2013 Helping your business stay one step ahead through our insight Research Contents Executive Summary 3 4 6 20 22 Executive Summary UK Economic Overview SME Cost
More informationNew business growth remains sharp, but eases to 11-month low
13th October 2014 Ulster Bank Northern Ireland PMI The Ulster Bank Northern Ireland PMI (Purchasing Managers Index ) is produced by Markit Economics. The report features original survey data collected
More informationThe Growth of In-Work Housing Benefit Claimants: Evidence and policy implications
bshf The Growth of In-Work Housing Benefit Claimants: Evidence and policy implications The Growth of In-Work Housing Benefit Claimants: Evidence and policy implications Ben Pattison March 2012 Building
More informationSharpest rise in new business since the survey began in August 2002
9th June 2014 Ulster Bank Northern Ireland PMI The Ulster Bank Northern Ireland PMI (Purchasing Managers Index ) is produced by Markit Economics. The report features original survey data collected from
More informationUK Economic Outlook July 2017
www.pwc.co.uk/economics Contents 1 2 3 4 Global outlook UK economic trends and prospects UK housing market outlook Nowcasting current GDP growth PwC 2 Global growth in 2017 should be slightly stronger
More informationFirst time buyer numbers rise by almost a quarter in 2015 as costs fall
Under embargo until: 00:01 Tuesday 5 th January 2015 November 2015 First time buyer numbers rise by almost a quarter in 2015 as costs fall November sees 31,300 first-time buyer completions up 23.7% annually
More informationOutlook for Australian Property Markets Brisbane
Outlook for Australian Property Markets 2009-2011 Brisbane Update August 2009 Outlook for Australian Property Markets 2009-2011 Brisbane Residential Update August 2009 Population growth continues to surge
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 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 informationEconomic Growth Expected to Slow and Housing to Stabilize in 2019
Consumer Confidence Expectations in the Next Six Months (%) Economic Developments December 218 Economic Growth Expected to Slow and Housing to Stabilize in 219 The U.S. economy is expected to grow 2.6
More informationPoverty figures for London: 2010/11 Intelligence Update
Poverty figures for London: 2010/11 Intelligence Update 11-2012 Key points The number of Londoners living in poverty has seen little change. Children, particularly those in workless households, remain
More informationUK ECONOMIC FORECAST Q3 2013
UK ECONOMIC FORECAST 213 BUSINESS WITH confidence icaew.com/ukeconomicforecast 2 icaew.com/ukeconomicforecast Introduction Welcome to the fifth edition of the ICAEW Economic Forecast, based on the views
More informationUK BUSINESS CONFIDENCE MONITOR Q4 2013
UK BUSINESS CONFIDENCE MONITOR 213 BUSINESS WITH CONFIDENCE WELCOME This quarter s ICAEW/Grant Thornton Business Confidence Monitor shows that business confidence has now risen for five consecutive quarters.
More informationARLA Survey of Residential Investment Landlords
Prepared for The Association of Residential Letting Agents ARLA Survey of Residential Investment Landlords June 2012 Prepared by O M Carey Jones 5 Henshaw Lane, Yeadon, Leeds, LS19 7RW June 2012 CONTENTS
More informationEmerging Markets Bank Lending Conditions Survey 2014Q3
Emerging Markets Bank Lending Conditions Survey 2014Q3 October 30, 2014 EM bank lending conditions tightened slightly in 2014Q3 after having improved in 2014Q2. The tightening was driven by a significant
More informationIntroduction to the UK Economy
Introduction to the UK Economy What are the key objectives of macroeconomic policy? Price Stability (CPI Inflation of 2%) Growth of Real GDP (National Output) Falling Unemployment / Raising Employment
More information(2008) 2008]. 32 (2) ISSN
Allan, Grant (2008) Overview of the Scottish labour market [November 2008]. Fraser of Allander Economic Commentary, 32 (2). pp. 34-40. ISSN 2046-5378, This version is available at https://strathprints.strath.ac.uk/46896/
More informationMONITORING POVERTY AND SOCIAL EXCLUSION 2013
MONITORING POVERTY AND SOCIAL EXCLUSION 213 The latest annual report from the New Policy Institute brings together the most recent data to present a comprehensive picture of poverty in the UK. Key points
More informationNIESR Monthly GDP Tracker 11 February, NIESR MONTHLY GDP TRACKER: February UK economy weaker than expected in December
Press Release NIESR MONTHLY GDP TRACKER: February 2019 UK economy weaker than expected in December Figure 1: UK GDP growth (3 months on previous 3 months, per cent) 0.8 0.7 0.6 0.4 0.3 0.2 0.1 0-0.1 2018
More informationFSB VOICE OF SMALL BUSINESS fsb.org.uk
Q1 FSB VOICE OF SMALL BUSINESS INDEX QUARTER 1, 2018 @fsb_policy fsb.org.uk Q1 2018 FSB Small Business Index 50 SBI Q1 2018 Small business confidence returns to positive territory as economic forecasts
More informationNAB MONTHLY BUSINESS SURVEY JUNE 2018
EMBARGOED UNTIL: 11:3AM AEST, 1 JULY 218 NAB MONTHLY BUSINESS SURVEY JUNE 218 CONFIDENCE AND CONDITIONS HOLD STEADY NAB Australian Economics There was little change in headline business conditions and
More informationHousing Market Report
Housing Market Report No.293 February 217 CONTENTS HOUSING SUPPLY 2 Housing starts 2-3 Housing completions 4 Regional analysis 5 Under construction 6 Housing supply tables 7-8 HBF SURVEY 9 Key findings
More informationNORTH WEST QUARTERLY ECONOMIC OUTLOOK. August 2012
NORTH WEST QUARTERLY ECONOMIC OUTLOOK August 2012 North West Quarterly Economic Outlook August 2012 Quarterly Economic Outlook Through the Regional Leaders Board the North West s five Local Enterprise
More informationQuarterly Review. The Australian Residential Property Market and Economy. Released August 2016 SAMPLE REPORT
Quarterly Review The Australian Residential Property Market and Economy Released August 216 Contents Housing Market Overview 3 Sydney Market Overview 9 Melbourne Market Overview 1 Brisbane Market Overview
More informationStrathprints Institutional Repository
Strathprints Institutional Repository Allan, Grant (2008) Overview of the Scottish labour market [June 2008]. Economic Commentary, 32 (1). pp. 39-45. ISSN 2046-5378 Fraser of Allander Strathprints is designed
More informationfor Residential Investment
THE ARLA REVIEW & INDEX for Residential Investment Third Quarter 2014 Third Quarter 2014 Compared with three months ago, the average weighted rental return for houses is up from 4.9% to 5.0%, partially
More informationS M E HEALTH CHECK I N D E X
#SMEhealth REPORT 1 S M E HEALTH CHECK I N D E X CAPTURING SME HEALTH ACROSS THE UK #SMEhealth SEPTEMBER Compiled by Cebr, in association with CYBG DISCLAIMER Whilst every effort has been made to ensure
More informationHousing market recovery pushes stamp duty revenues to record high
FOR IMMEDIATE RELEASE Housing market recovery pushes stamp duty revenues to record high Stamp duty revenues raised on residential properties are projected to have risen by over 20% in 2014/15 to a record
More informationInvestec Services PMI Ireland
Embargoed until: 06:00 (Dublin) June 6th 18 Investec Services PMI Ireland Investec T: +3-1-421-0496 E: Investec.Economics@investec.ie W: www.investec.ie Investec in Ireland, a member of the Investec Group,
More informationFSB VOICE OF SMALL BUSINESS fsb.org.uk
Q3 FSB VOICE OF SMALL BUSINESS INDEX QUARTER 3, 2017 @fsb_policy fsb.org.uk Q3 2017 FSB Small Business Index 2 SBI Q3 2017 fsb.org.uk Small business confidence falls to lowest level since wake of EU referendum
More informationThe Money Statistics. April
The Money Statistics April 2018 Welcome to the April 2018 edition of The Money Statistics The Money Charity s monthly round-up of statistics about how we use money in the UK. These were previously published
More informationSurvey of Residential Landlords
Survey of Residential Landlords Fourth Quarter 2014 REPORT O M Carey Jones 5 Henshaw Lane, Yeadon, Leeds, LS19 7RW Telephone: 0113 250 6411 CONTENTS Page 1. INTRODUCTION & BACKGROUND 4 2. METHODOLOGY 5
More informationFSB VOICE OF SMALL BUSINESS INDEX
Q4 FSB VOICE OF SMALL BUSINESS INDEX QUARTER 4, 2015 Annual Review 2015 @fsb_policy fsb.org.uk Q4 2015 FSB Small Business Index 2 fsb.org.uk CONTENTS Q4 snapshot 4 FSB National Chairman 5 Economist s view
More informationARLA Survey of Residential Investment Landlords
Prepared for The Association of Residential Letting Agents ARLA Survey of Residential Investment Landlords March 2013 Prepared by O M Carey Jones 5 Henshaw Lane, Yeadon, Leeds, LS19 7RW March 2013 CONTENTS
More informationDISPOSABLE INCOME INDEX
FOR SALE SOLD A B C D E F G H I DISPOSABLE INCOME INDEX Q1 2017 A commissioned report for Scottish Friendly Executive summary The Scottish Friendly Disposable Income Index uses new survey data to provide
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 informationAt Retirement Report. Edition Three, January
At Retirement Report Edition Three, January 2015 www.iress.co.uk Contents Foreword 2 Executive summary 3 A sea change for at retirement 4 Falling rates undermine annuity income 5 An incentive to shop around
More informationEurozone Economic Watch. July 2018
Eurozone Economic Watch July 2018 Eurozone: A shift to more moderate growth with increased downward risks BBVA Research - Eurozone Economic Watch July 2018 / 2 Hard data improved in May but failed to recover
More informationModest Economic Growth and Falling GDP Gap
Modest Economic Growth and Falling GDP Gap -. -. U.S. Economic Output (Real GDP - Quarterly Growth Rate).................................... : : : : : : : : : : -. -. -. -. -. -. -. -. -. -. -. -. -. -.
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 informationGCE AS/A Level 2520U20-1 NEW AS. ECONOMICS Unit 2 Economics in Action. A.M. MONDAY, 23 May hours PMT
GCE AS/A Level 2520U20-1 NEW AS S16-2520U20-1 ECONOMICS Unit 2 Economics in Action A.M. MONDAY, 23 May 2016 2 hours 2520U201 01 ADDITIONAL MATERIALS In addition to this examination paper, you will need:
More informationGMB WAGES AND INFLATION REPORT January 2018
1 GMB WAGES AND INFLATION REPORT January 2018 Key figures (January 2018) - change on previous 12 months Inflation rates Average pay settlements Seasonal inflation Spring 4% 3% 2.7% RPI CPI CPIH 2.5% 2.5%
More informationThe ARLA Review & Index. for Residential Investment
The ARLA Review & Index for Residential Investment Third Quarter 2012 Third Quarter 2012 Compared with three months ago, the average weighted rental return for houses is up from 5.1% to 5.2%. The average
More informationEurozone Economic Watch
BBVA Research - Global Economic Watch December 2018 / 1 Eurozone Economic Watch December 2018 Eurozone GDP growth still slows gradually, but high uncertainty could take its toll GDP growth could grow by
More informationAre Financial Markets Signalling Recession? August 2018
Are Financial Markets Signalling Recession? August 2018 Executive Summary The flattening of the US yield curve has led some to forecast a US recession (with an inverted curve seen as an accurate recession
More informationThe real change in private inventories added 0.22 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 bounced back in the second quarter of 2007, growing at the fastest pace in more than a year. According the final estimates released
More informationAustralian Business Expectations Survey
Australian Business Expectations Survey Dun & Bradstreet Q2 2017 PRELIMINARY RESULTS RELEASED 7 FEBRUARY 2017 Index BUSINESS CONFIDENCE IS SOLID, BUT WHERE ARE THE JOBS? Employment expectations for the
More information