Ruth Gregory - Capital Economics


Last quote by Ruth Gregory

Consumers are showing an impressive resilience in the face of the ongoing real pay squeeze. As a result, a modest pick-up in household spending should help the economy to re-accelerate a little ... and adds weight to our view that the Monetary Policy Committee will hike interest rates in
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Sep 20 2017
Ruth Gregory has most recently been quoted in an article called Retail sales for August smash expectations and boost pound. Ruth Gregory said, “Not only did retail sales volumes rise by a hefty 1pc on the month in August – exceeding consensus expectations of a 0.2pc rise – but growth in the previous month was revised up from 0.3pc to 0.6pc too. Admittedly, we shouldn't get too carried away by these figures. After all, the retail sales figures are very volatile on a month-by-month basis.”. Ruth Gregory has been quoted a grand total of 24 times in 19 articles.
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Ruth Gregory quotes

May 18 2017 - Easter

Today's figures do at least support our view that with credit conditions remaining supportive, employment growth still strong and consumers' confidence robust, household spending growth is likely to slow only gradually this year rather than collapse completely. Our forecast is for consumer spending growth of 2.0pc in 2017 and 1.5pc in 2018, down from 2016's 2.8pc

May 02 2017

After last week's surprisingly downbeat first quarter GDP figures ... today's survey provides us with optimism that the manufacturing sector should play a bigger role in offsetting the slowdown in the consumer services sector

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

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

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

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

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

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

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

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