Money Minute Monday 17 February: good news ahead for the UK economy?

Today's Money Minute looks to a week in which we get the latest employment and inflation numbers, plus retail figures for January and a slew of eurozone date.

Good morning and welcome to Monday’s Money Minute, where we look ahead to this week’s biggest financial stories.

In the UK on Tuesday we get the latest figures on unemployment, while on Wednesday we get the latest data on consumer price inflation. In common with most of the rest of the world, unemployment in the UK is low right now. The key figure to watch is wage inflation. As long as wages are rising more quickly than prices, consumption should hold up, which is good news for the broader economy.

Speaking of consumption, on Thursday we get the latest UK retail sales figures for January. These are likely to indicate more misery for the high street.

Meanwhile, in the eurozone on Tuesday, we get the latest data on German business confidence. Hopes for a pick-up in German industrial activity have been dampened recently by weak data and the coronavirus outbreak, so this figure will be watched closely.

And on Friday, we get inflation data for the eurozone as a whole. This is set to remain well below the European Central Bank’s target of just under 2%.

Recommended

I wish I knew what contagion was, but I’m too embarrassed to ask
Too embarrassed to ask

I wish I knew what contagion was, but I’m too embarrassed to ask

Most of us probably know what “contagion” is in a biological sense. But it also crops up in financial markets. Here's what it means.
21 Sep 2021
Why is the UK short of CO2 and what does it mean for you?
UK Economy

Why is the UK short of CO2 and what does it mean for you?

The UK is experiencing a carbon dioxide shortage that could lead to empty shelves in supermarkets. Saloni Sardana explains what’s going on and how it …
21 Sep 2021
What to invest in to beat soaring energy prices
Investment strategy

What to invest in to beat soaring energy prices

As gas and electricity prices hit the roof, John Stepek explains how to invest to offset higher energy bills.
21 Sep 2021
Are Spacs just for suckers?
Investment strategy

Are Spacs just for suckers?

This year has seen a big boom in activity by special purpose acquisition companies (Spacs) in the US and the Spac craze is spreading to other markets…
21 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021