Autumn Forecast Statement

Autumn Forecast Statement is is one of the two statements HM Treasury makes each year to Parliament upon publication of economic forecasts. This document provides an updated economic outlook and previews the government's budget for the coming year, including expected spending and income levels, borrowing levels, and financial objectives. It also contains comments on the latest independent economic forecasts prepared by the OBR.

Most recent - Wednesday 30 October 2024 12:45

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Date
Wednesday 30 October 2024 12:45
Wednesday 22 November 2023 12:45

Economic context

Recent economic data has been broadly neutral for GBP. The following recent announcements may affect the market reaction to Autumn Forecast Statement:

PreviousLatest
Retail Sales (MoM)Bullish change-0.5%0.5%
Retail Sales (YoY)Bullish change1.2%2.4%
Retail Sales ex-Fuel (MoM)Bullish change-0.9%0.6%
Retail Sales ex-Fuel (YoY)Bullish change1.8%2.7%
BoE MPC Vote Rate Cut(no change)00
BoE MPC Vote Rate Hike(no change)33
Consumer Price Index (MoM)Bullish change0.3%0.5%
Consumer Price Index (YoY)Bullish change2.9%3.1%
Core Consumer Price Index (YoY)(no change)2.6%2.6%
PPI Core Output (MoM) n.s.aBearish change0.4%0.3%
PPI Core Output (YoY) n.s.a (no change)2.7%2.7%
Producer Price Index - Output (MoM) n.s.aBullish change0.4%0.7%
Producer Price Index - Output (YoY) n.s.aBullish change3.3%3.7%
Retail Price Index (MoM)(no change)0.6%0.6%
Retail Price Index (YoY)Bullish change3.2%3.4%
Average Earnings Excluding Bonus (3Mo/Yr)(no change)3.5%3.5%
Average Earnings Including Bonus (3Mo/Yr)Bearish change4.2%3.9%
Claimant Count ChangeBearish change-11.8K27.8K
Claimant Count RateBearish change4.3%4.4%
Employment Change (3M)Bearish change83K67K
ILO Unemployment Rate (3M)(no change)4.9%4.9%
Consumer Inflation ExpectationsBearish change4%3.2%
Gross Domestic Product (MoM)Bullish change0.3%0.4%
Industrial Production (MoM)Bullish change-0.2%0.2%
Manufacturing Production (MoM)Bullish change-0.5%0.9%
BRC Like-For-Like Retail Sales (YoY)Bearish change1%0.5%

About Autumn Forecast Statement

Country:United Kingdom
Currency:GBP
Source:
Category:Politics
Frequency:Irregular
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