Ruth Gregory - Capital Economics

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Last quote by Ruth Gregory

Earnings growth still needs to gather more pace in order to match the rise in consumer price index (CPI) inflation – which we expect to peak at about 3pc later this year. But at least CPI inflation is likely to fall back next year as the impact of the drop in the pound dwindles. What's more, the tightness of the labour market should deliver further rises in nominal wage growth over the coming quarters.feedback
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Aug 16 2017 Unemployment
Ruth Gregory has most recently been quoted in an article called Growth edges up as economists hope UK is regaining momentum. Ruth Gregory said, “The forward-looking balances of the survey were also encouraging, with the future activity index picking up a bit. Taken together with July's manufacturing and construction surveys, the economy-wide PMI held steady at 53.9 in July, suggesting that quarterly GDP growth may be running at just under 0.5pc at the start of the third quarter.”. Ruth Gregory has been quoted a grand total of 22 times in 17 articles.
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Ruth Gregory quotes

Apr 24 2017

March's drop in retail sales suggests that the consumer spending slowdown is gathering pace and adds to other evidence indicating that the economic recovery has slowed since the end of last year.feedback

Apr 21 2017 - Brexit

Retail sales only account for about a third of household spending, and the recent evidence on other areas of spending has been more encouraging. For example, the Bank of England's agents' score of consumer services turnover has held steady at a fairly high level.feedback

Apr 11 2017 - Easter

Air fares inflation should add a few tenths of a percentage point back onto the CPI rate in April, while electricity prices will rise sharply in the coming months as a result of utility companies' price hikes. As a result, we think that CPI inflation will peak at just over 3pc before the end of the year.feedback

Apr 11 2017 - Easter

While food price inflation rose, from 0.3 percent to 1.6 percent, this was offset by a fall in core inflation from 2.0 percent to 1.8 percent. However, the latter mainly reflects a statistical quirk related to the timing of Easter. We think that CPI (consumer price index) inflation will peak at just over 3 percent before the end of the year. But we don't think that that will panic the Monetary Policy Committee (MPC) into raising rates imminently. After all, the MPC tolerated an inflation overshoot of 3 percentage points in 2011.feedback

Apr 11 2017 - Brexit

All told, we think that CPI inflation will peak at just over 3% before the end of 2017. But we don't think that that will panic the MPC into raising rates imminently. Given the uncertainty around the Brexit negotiations and the fact that there has been little sign of building domestic cost pressures, we think that the MPC will hold off until mid-2018 before raising rates.feedback

Apr 07 2017

Today's deluge of UK economic data was fairly disappointing and adds to the evidence that the economy has lost some momentum during Q1.feedback

Apr 05 2017

March's strong UK Markit/CIPS report on services provides some reassurance that the economy won't slow too sharply this year, despite the intensifying headwinds.feedback

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