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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

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US inflation and UK economic health: Macro week ahead

Macro news next week will be dominated by US inflation data both at the consumer level and also at the factory gate.

Core consumer prices, which exclude volatile items such as food and energy, rose by 0.4% in January compared to the previous month.

That was slightly above market expectations of a 0.3% rise but also marked the sharpest increase in core consumer prices since April 2023.

Current forecasts are for February to see that figure ease back to 0.3%, which would make for an annual rate of consumer price inflation (CPI) of 3.7%

On Thursday, factory gate prices are also forecast to have risen by 0.3%.

How both numbers affect interest rate thinking will be the talking point after the figures come out.

UK economy continues to flatline

In the UK, Tuesday's unemployment numbers are tipped to show people in work holding up well given the mixed economic backdrop.

Consensus forecasts are for the number to be little changed from last month’s 3.8%, while average earnings are again expected to outstrip inflation at 5.7%.

Wednesday sees UK GDP numbers, with the economy tipped to grow slightly by 0.2% having tipped into a technical recession in the three months to December, though this might prove optimistic according to some economists.

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