Howard Archer - IHS

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Last quote by Howard Archer

This is helpful for the chancellor's and government's credibility, which is all the more welcome given the looming snap general election. Philip Hammond is clearly keen to keep fiscal ammunition up his sleeve – due to the major uncertainties and downside risks that the economy faces as it navigates its way out of the EU.feedback
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We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Howard Archer is associated, including UK, EU, and consumer. Most recently, Howard Archer has been quoted saying: “This is helpful for the chancellor's and government's credibility, which is all the more welcome given the looming snap general election. Philip Hammond is clearly keen to keep fiscal ammunition up his sleeve – due to the major uncertainties and downside risks that the economy faces as it navigates its way out of the EU.” in the article UK government borrowing at lowest level since 2008 financial crisis.
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Howard Archer quotes

We expect house price gains over 2017 will be limited to 3pc - and could well be less than this. The fundamentals for house buyers will progressively deteriorate over the coming months with consumers' purchasing power weakening markedly and the labour market likely eventually softening.feedback

Inflation is expected to have been lifted in February by significantly increased food prices. We expect consumer price inflation to trend markedly higher over the coming months, as sterling weakness increasingly feeds through, and overall higher oil and commodity prices impact. Additionally, several utility companies have announced electricity and/or gas price hikes in March and April.feedback

There were reports that retail sales were boosted over the summer by foreign visitors taking advantage of the weak pound to buy expensive items such as jewellery and watches.feedback

While the eurozone seems to have ended 2016 on the up in economic terms, we are concerned that GDP growth could be increasingly hampered in 2017 by political uncertainties.feedback

The fact that the housing market is seemingly struggling to build momentum after coming modestly off its August lows reinforces our suspicion that it is likely to find life increasingly difficult as 2017 progresses.feedback

(This) points to consumers splashing out in the run-up to Christmas, thereby maintaining a strong fourth quarter performance and boosting hopes that GDP growth has held up well.feedback

With .. the economy currently resilient, house prices may well rise modestly in the near term.feedback

Even if eurozone growth does show further signs of improvement over the coming weeks, there is a compelling case to try and fuel the improvement given past hiccups.feedback

Housing market activity is likely to be increasingly pressurized by appreciable uncertainty following the UK's vote to leave the EU.feedback

The softer CBI distributive trades survey for September could be a sign that consumers are becoming more careful.feedback

Draghi indicated that countries with fiscal space should use it - and notably, observed that Germany has fiscal space. Given that a number of German politicians have criticized the ECB's monetary policy, that seems a fair riposte.feedback

With the U.K. economic outlook weakened by the Brexit vote, there can be very little doubt – if any – that the Bank of England will enact some stimulus on Thursday. The only question really seems to be exactly what action will the (monetary policy committee) take?feedback

It was always going to be ever more difficult for car sales to achieve year-on-year gains. However, it is very possible that there was some dampening effect on private and business car sales by heightened uncertainty in the run-up to the referendum.feedback

Of course, it remains to be seen if the May-April improvements in eurozone consumer and business confidence can be sustained or whether renewed falls occur.feedback

Current increased domestic economic and political uncertainties could also be reining in housing market activity, especially in the run-up to June's EU referendum.feedback

Consumers perhaps offer the euro zone the best hope for growth at the moment – the fundamentals still look reasonable for consumer spending in the euro zone with deflation/negligible inflation boosting purchasing power and labour markets generally improved.feedback

At the very least, the weakness in oil prices has increased the likelihood that euro zone consumer price inflation will remain extremely low for longer.feedback

As horrific as these events are – and this is truly awful – economic activity does tend to be pretty resilient.feedback

Consumers are still doing little to help the eurozone return to growth, which is little surprise given the pressure they are under in a number of countries from high and rising unemployment and limited purchasing power.feedback

Germany is the best market to see future upticks because the fundamentals for consumers there, such as high employment and wage growth, are better than elsewhere.feedback

While the ECB could act as soon as its October meeting next Thursday, we lean towards the view that they will probably hold off to November.feedback

The downward revision is due to a marked drop in Italian inflation due to a change in its methodology.feedback

The fact remains that euro zone consumer price inflation is still at a 27-month high and set to rise further in the near term due to the spike in oil prices as well as elevated commodity and food prices.feedback

Nevertheless, the overall growth rate in euro zone exports has clearly moderated in recent months. Meanwhile, euro zone imports fell…in September, thereby hinting at softening euro zone domestic demand.feedback

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