Budget Report

The Treasury Chancellor presents the economic forecast for next year, containing details about GDP growth estimates, spending and borrowing forecasts as well as fiscal stimulus.

Most recent - Wednesday 6 March 2024 12:30

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Date
Wednesday 6 March 2024 12:30
Wednesday 15 March 2023 12:30
Wednesday 23 March 2022 12:00

Economic context

Recent economic data has been moderately bearish for GBP. The following recent announcements may affect the market reaction to Budget Report:

PreviousLatest
S&P Global/CIPS Composite PMIBearish change51.849.9
S&P Global/CIPS Manufacturing PMIBearish change49.948.6
S&P Global/CIPS Services PMIBearish change5250
Retail Sales (MoM)Bearish change0.1%-0.7%
Retail Sales (YoY)Bearish change3.2%2.4%
Retail Sales ex-Fuel (MoM)Bearish change0.1%-0.9%
Retail Sales ex-Fuel (YoY)Bearish change3.2%2%
GfK Consumer ConfidenceBullish change-21-18
Consumer Price Index (MoM)Bullish change0%0.6%
Consumer Price Index (YoY)Bullish change1.7%2.3%
Core Consumer Price Index (YoY)Bullish change3.2%3.3%
PPI Core Output (MoM) n.s.aBullish change0%0.3%
PPI Core Output (YoY) n.s.a Bullish change1.4%1.7%
Producer Price Index - Output (MoM) n.s.aBullish change-0.4%0%
Producer Price Index - Output (YoY) n.s.aBearish change-0.6%-0.8%
Retail Price Index (MoM)Bullish change-0.3%0.5%
Retail Price Index (YoY)Bullish change2.7%3.4%
Gross Domestic Product (MoM)Bearish change0.2%-0.1%
Gross Domestic Product (QoQ)Bearish change0.5%0.1%
Gross Domestic Product (YoY)Bullish change0.7%1%
Industrial Production (MoM)Bearish change0.5%-0.5%
Manufacturing Production (MoM)Bearish change1.3%-1%
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change4.9%4.8%
Average Earnings Including Bonus (3Mo/Yr)Bullish change3.9%4.3%
Claimant Count ChangeBearish change10.1K26.7K
Claimant Count Rate(no change)4.7%4.7%
Employment Change (3M)Bearish change373K219K
ILO Unemployment Rate (3M)Bearish change4%4.3%

About Budget Report

Country:United Kingdom
Currency:GBP
Source:
Category:Politics
Frequency:Irregular
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