Gavin Redknap
Gavin Redknap
bad consumer counter dent exports growth numbers pick slower view year
It's very bad news. Numbers such as this put a dent in the view that exports can pick up to counter a slower consumer sector. Growth this year isn't going to be that great.
benevolent brown chancellor change future help hope perception performance potential prime stern
Brown will hope that his performance (on Wednesday) will help to change the public's perception of him from stern chancellor to benevolent potential future prime minister.
anecdotal bank consistent consumer data evidence hold improve next outlook sector services start staying
Should consumer services start to reinvigorate as anecdotal evidence suggests, the outlook for the sector as a whole should improve substantially. The data is very much consistent with the Bank staying on hold next week.
bolster consumer continuing fears housing improvement market rebound sector today
A rebound today will allay fears the consumer sector is continuing to struggle. The improvement in the housing market should bolster consumer spending.
bank consumer data evident face messages mixed remains report sector weakness
While the data is on the face of it good, the weakness evident in this report suggests that the consumer sector remains weak. Mixed messages for the Bank of England.
altered balanced economy either few growing later lower policy rates reasons trend
We still see lower rates later in the year, but for now, with the economy growing at about trend and in a balanced manner, there are few reasons for policy to be altered in either direction.