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UK: Less Costly Energy Spares EPG Hike
A mild start to the European winter has reversed the past year’s energy price surge. They remain painfully high and volatile by typical standards amid ongoing supply risks.Falling futures prices …
Activity Resisting Recession Into 2023
Flash PMIs broadly bounced back a little in Jan-23, as activity proved surprisingly resilient. Manufacturing’s trend decline broke, at least temporarily.Most firms are still reporting activity declines, albeit fewer than …
UK: Unfestive Sales Volumes in 2022
UK retail sales massively undershot a naively optimistic consensus by crashing 1% m-o-m in Dec-22, extending its steep trend decline.High inflationary impulses continue to squeeze real incomes, so retailer reports …
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