West Midlands Economic Impact Monitor- 16th September 2022

In a truly historic week, after reigning for 70 years, Queen Elizabeth II, the UK’s longest-serving monarch, died peacefully on 8th September. She is succeeded by King Charles III. Also, Liz Truss became the UK’s third female Prime Minister two days before the death of Her Majesty, succeeding Boris Johnson. Economy The System Average Price … Continue reading “West Midlands Economic Impact Monitor- 16th September 2022”

West Midlands Impact Monitor – 2nd September 2022

This week forecasters are predicting that the UK will enter a recession in the 4th quarter of the year and global climate change issues are compounding the inflationary effects of energy prices, product supply and war. The West Midlands is being buffeted and affected by these impacts, the region particularly hit by fuel and energy … Continue reading “West Midlands Impact Monitor – 2nd September 2022”

West Midlands Impact Monitor – 19th August 2022

This week has seen rapidly rising inflation globally and a return to double-digit inflation in the UK for the first time in 40 years. Extreme weather events continue to cause concern, with drought conditions in parts of Europe, low river levels and wildfires. With athletes leaving Birmingham, attention is focused on capitalising on the impact … Continue reading “West Midlands Impact Monitor – 19th August 2022”

West Midlands Impact Monitor- 5th August 2022

This week has seen a more pessimistic growth outlook from the IMF and rising geopolitical tensions between the USA and China over Taiwan. In sporting news, the Birmingham 2022 Commonwealth Games are underway and the England women’s football team were victorious in the Euro 2022 competition. Global growth outlook The IMF has reduced their global … Continue reading “West Midlands Impact Monitor- 5th August 2022”

West Midlands Impact Monitor- 22nd July 2022

This week has seen the UK’s previously highest temperature record smashed with temperatures in excess of 40C recorded. Wildfires have raged across many parts of Europe. Inflation has been rising globally. In the UK the cost of living crisis has intensified as inflation hit 9.4% for the 12 months to June 2022. Record temperatures Wildfires … Continue reading “West Midlands Impact Monitor- 22nd July 2022”

West Midlands Economic Impact Monitor- 8th July 2022

This week has been a tumultuous week in politics and is still unfolding as this monitor is written. This will not help the instability in the economy, which continues to show signs of contraction. The latest MakeUK Survey shows exports on a precipice and investment nosediving, and the OBR are predicting the effects of the … Continue reading “West Midlands Economic Impact Monitor- 8th July 2022”

West Midlands Impact Monitor- 27th May 2022

China’s economy is slowing, the US economy is hampered by a tight jobs market and Europe is struggling with labour shortages and a cost of living crisis. In the UK the increase in energy bills is contributing to the rising cost of living, and the West Midlands has a greater proportion of households in fuel … Continue reading “West Midlands Impact Monitor- 27th May 2022”

West Midlands Impact Monitor- 13th May 2022

High inflation rates are combining with slower economic growth. The rising cost of living remains a key concern. These trends are partly fuelled by war in Ukraine, with geopolitical tensions heightening as Sweden and Finland sign new security deals with European allies. Regionally, the West Midlands Business Activity Index has decreased. But the picture is … Continue reading “West Midlands Impact Monitor- 13th May 2022”

West Midlands Economic Monitor: March 2020

March’s edition of the West Midlands Economic Monitor is now available for you to keep up to date with recent developments in the region. This month’s monitor shows: PMI softened in February, but still depicted growth, and the claimant count has increased by over 20,000 people since last year. The global COVID-19 pandemic is beginning … Continue reading “West Midlands Economic Monitor: March 2020”

City-REDI Weekly Update – 27th February 2020

Welcome to your weekly update. If you have any feedback please let us know. Blogs What Do We Know About the Current Economic Conditions and What Does the Latest Data Indicate for the West Midlands’ Economy? In this blog, Rebecca Riley accesses the economic performance of the West Midlands, looking at past, current and future … Continue reading “City-REDI Weekly Update – 27th February 2020”