MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI BRIEF: Caixin July Manufacturing PMI Falls Below 50

MNI: PBOC Net Drains CNY224.73 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1323 Thurs; -0.83% Y/Y

CHINA PBOC CONDUCTS CNY10.37 BILLION VIA 7-DAY REVERSE REPOS THURS

Australia Jun Exports +1.7%; Imports +0.5%

MNI:AUSTRALIA JUN TRADE BALANCE A$+5589

July Export Growth Below Expectations, But Still Improvement On June

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI UK Inflation and Labour Preview - February 2024 Release

  • It’s another key week for UK data, with labour market data due for release on Tuesday, inflation data due Wednesday, activity data due Thursday and retail sales data due on Friday.
  • Labour market data on Tuesday will still see the majority of the focus on wage data. As we had noted in our Inflation and Labour Market Insight last month, the AWE data in December are expected to come in around 1ppt below the Bank’s November MPR forecast. Analysts are split between a 6.0%Y/Y and 6.1% Y/Y print for private regular AWE in the 3-months to December.
  • CPI will see new weights for 2024. We discuss the implications of these as well as the main components that could cause key risks to this week's release. Analysts look for headline CPI to come in at 4.1%Y/Y in January (in line with the BOE but with upside risks). But look for services inflation to come in higher than the Bank's estimate at 6.7%Y/Y (median) / 6.8%Y/Y (mean) - above the Bank's forecasts.
  • We also review notable sellside comments ahead of the GDP print next week.
For the full document including summaries of sellside views for the labour market and inflation see the full PDF here:

UK_Data_Preview_2024_02_Release.pdf

HomepageInflation InsightMarkets
HomepageInflation InsightMarkets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.