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Results: listing 1 - 6 of 16 for “GBP/SEK”

UK Comment — Public sector borrowing on track to undershoot OBR estimate for 2016/17

  1. Public sector net borrowing of GBP 9.4bn in January; December revised to GBP 4.7bn from GBP 6.9bn
  2. Borrowing so far in financial year 2016/17 down 21.6% vs. previous financial year

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — CBI survey shows UK manufacturers more optimistic than expected in February

  1. Manufacturing sentiment pulled up by strong domestic demand
  2. CBI sentiment data suggests healthy start to 2017 for manufacturing sector
  3. Housing market less hot according to Rightmove February numbers

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — Unemployment surprisingly low, but wage growth disappoints

  1. Unemployment rate holds steady, at 4.8%; claims fall sharply
  2. Wage growth lower than expected in January, at 2.6%, down from 2.7% in December

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — UK inflation somewhat lower than expected in January, but cost pressure is building faster

  1. CPI inflation 1.8% y-o-y in January, up from 1.6% in December (consensus: 1.9%)
  2. Core inflation unchanged at 1.6% in January (consensus: 1.7%); PPI input inflation highest since 2008
  3. Inflation probably not high enough for the BoE to lift rates, we believe

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — UK manufacturing output stronger than expected in December

  1. In December, industrial production rose by 1.1% (consensus 0.2%) and manufacturing by 2.1% (consensus 0.5%) in Dec
  2. Broad-based improvement in manufacturing increased total production
  3. Sentiment indicates growth will continue in 2017

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

UK Comment — UK economic sentiment weakens in January

  1. Services PMI softens in January, as growth in new orders and output slows
  2. Composite PMI down to 55.5 in January from 56.2 in December, as all sector PMIs weaken
  3. Composite PMI indicates GDP growth of around 0.5% q-o-q in Q1

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no