Confidence about UK economic prospects remains subdued, with Fathom’s UK Economic Sentiment Indicator (ESI) unchanged at 0.2% in April. In common with many forecasters, Fathom correctly predicted a preliminary estimate of GDP growth in 2019 Q1 of 0.5%. It seems that preparations, by firms and households, for a potentially disorderly Brexit on 29 March boosted economic activity during the first quarter; with underlying economic growth at the start of this year close to 0.2%. In our judgement, the risk is that the actual data for Q2 will be correspondingly weak, as firms and households run down stocks built up in Q1.
Refresh the chart in your browser | Edit chart in Datastream
The chart in this article has been created using Chartbook on Datastream. The Chartbook was initially created by Fathom Consulting in 2012 and is now a catalogue of approximately 9000 charts, covering over 170 countries, analysing up-to-date macro and financial data. Whether it is a particular topic, country or variable you are interested in charting, the Chartbook has everything you need. To access Chartbook via Datastream search ‘cbook’.
__________________________________________________________________________________
Datastream
Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.
Refinitiv offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.
