Howard Archer
Howard Archer
concern cut december evidence house imminent interest pressure prices retail robust sales sector service showing softness stronger survey
December survey evidence showing robust service sector activity, stronger retail sales and firmer house prices has temporarily at least alleviated some concern over the economy's softness and eased pressure on the MPC for an imminent cut in interest rates.
conclusive evidence pay remaining sustained
The MPC still has to see conclusive sustained evidence that 2006 pay settlements are remaining contained.
consumer energy feeding high housing looks months oil prices remain round second sidelines spending strength
The MPC could remain on the sidelines for some months to come as it monitors the strength of consumer spending and the housing market, and also looks to see if high oil and energy prices are feeding through to have second round inflationary effects.
activity clearly coming higher house housing increased led market move prices recent risk
This increased housing market activity has clearly led to some recent firming in house prices, and there is undeniably a risk that prices could move sharply higher over the coming months.
appears chain contain continuing effects energy high oil pressures round second street strong supply
It appears that strong competitive pressures on the high street and through the supply chain are continuing to contain any second round inflationary effects of high oil and energy prices.
appears boost needed sales
It appears that significant discounting is still needed to boost sales volumes.
boost europe feed growth hoping improving recent signs sustained uk western
Going forward, UK exporters will be fervently hoping that recent signs of improving growth in Western Europe will be sustained and will increasingly feed through to boost exports,
activity continued data evident half housing indicate lending market mortgage robust second
Overall, the mortgage approvals and lending data indicate that the more robust housing market activity evident in the second half of 2005 has continued into 2006.
activity bank certainty england february interest next rates robust sector service unchanged
Robust service sector activity in February makes it even more of a cast-iron certainty that the Bank of England will keep interest rates unchanged next Thursday.
consumer continue costs domestic high input intense relatively subdued
Relatively subdued consumer spending, intense domestic and international competition, and high input costs continue to dampen ... the sector.
annual base due effects fall headline inflation march oil output price prices primarily producer reflecting rise sharp year
The fall in headline annual producer output price inflation in March was primarily due to base effects reflecting the particularly sharp rise in producer prices a year ago as oil prices surged.
budget economic key low seems terms
In economic terms at least, Wednesday's budget seems set to be a very low key affair.
data gains house prices provides sharp support sustain time unable view
The Nationwide data provides support for our long-held view that house prices will be unable to sustain sharp gains for some time to come.
extended flat house likely prices relatively remain
House prices are likely to remain relatively flat for an extended period,