Latest economic conditions – a selection of charts Shane Vallance Associate – Economy Module: Latest economic conditions – a selection of charts Shane Vallance Associate – Economy Module
GDP and main components: GDP and main components
Productivity struggling to reach previous levels: Productivity struggling to reach previous levels
Little evidence of sector trade rebalancing: Little evidence of sector trade rebalancing
But evidence of geographical trade rebalancing: But evidence of geographical trade rebalancing
EU and non-EU now equal in value: EU and non-EU now equal in value
Balance sheets continuing to be rebuilt: Balance sheets continuing to be rebuilt
Manufacturing margins remain under pressure: Manufacturing margins remain under pressure
Investment showing signs of life?: Investment showing signs of life?
UK firms investing in emerging markets: UK firms investing in emerging markets
Signs of life in Mergers & Acquisitions: Signs of life in Mergers & Acquisitions
Regional employment faring better than output: Regional employment faring better than output
SW PMI – ‘largely static’: SW PMI – ‘largely static’
SW PMI – ‘largely static’: SW PMI – ‘largely static’
SW negative real wage growth: SW negative real wage growth
Profits and sterling – flight to stocks : Profits and sterling – flight to stocks
Conclusions: Conclusions (-) At macro level the picture remains subdued (-) UK relative productivity position has deteriorated (-) As yet little evidence of sectoral rebalancing (+) Businesses are targeting growth markets (+) Investment increasing is encouraging (+) Households and firms continue to rebuild cash position (+/-) South West position similar to UK picture – output affected more than overall employment but real wage declines represent constraints