UK Economy Looking "Pretty Mediocre"

After a week heavy on economic data, we digest the positive and negative voices on the outlook for the UK economy.

David Brenchley 16 November, 2017 | 2:17PM

Negative real wage growth and higher interest rates are combining to limit consumer spending in the UK.

After a triumvirate of economic data published this week, it seems a good time to assess the state of the UK economy as we chug towards the year-end.

The week began on Tuesday with numbers showing inflation was steady in October at a five-year high of 3%, while Wednesday’s wage growth figures of 2.2% showed that real income remains in negative territory.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Associated British Foods PLC2,027.00 GBX-0.93
Marks & Spencer Group PLC98.16 GBX-3.91
Next PLC4,798.00 GBX-4.61

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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