UK: Labour market report in focus - Rabobank

Stefan Koopman, Market Economist at Rabobank, suggests that today we will see the latest UK labour market report, which will probably show that UK regular pay growth weakened from 2.2% to 2.1% in the three months through March.

Key Quotes

“This would only highlight the growing gap between wage growth and inflation. The unemployment rate in that time window is expected to remain unchanged at 4.7%.”

“Eurostat will release its final estimates for Eurozone inflation, but this usually doesn’t lead to any revisions from the previously released flash estimate. Details, however, may shed more light on the specific categories in the HICP that caused the (transitory) jump in core inflation for April.”