Article list

14 July 2022
Provisional data from ONS shows that economic output in the UK rose by 0.5% between April and May 2022. This was surprising, given poor performance earlier in the year and the weakening financial position of many households. Production and construction did quite well, but services showed the fastest growth. Within services, much of the growth impetus came from health and social care...
14 July 2022
New GDP data is surprisingly positive, but does good topline data disguise a worsening consumer position? Watch this short video from IGD Chief Economist James Walton. More economic news and analysis Explore Sign up to our bulletin Our round-up of the latest economic and political news, focused on FMCGs Sign up .EconNews { background: #fa46...
13 July 2022
IGD’s CEO, Susan Barratt, contributes to the BRC’s Retail Sales Monitor, providing insight on UK food and drink sales. Food and drink sales fluctuated week by week in June, and with volume sales down and value sales up, we can clearly see inflation coming through. However, the overall downward sales trend for volumes means the outlook continues to be challenging, although good weather mi...
11 July 2022
Shopper confidence has dropped once again, following a mild lift over the last couple of months, according to the latest Shopper Confidence Index from IGD . June saw shopper confidence drop 3 points to -24, lower than the previous lowest point of -23 in March 2022, reflecting increasing pessimism amongst shoppers this month. As saving money continues to takes priority, shoppers are placing le...
08 July 2022
Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the Ukraine crisis, the rising cost of living, labour shortages, COVID-19 and adapting to a new relationship with the EU. Government changes – impact on policy Following the resignation of the Prime Minister and changes in the cabinet , a...
07 July 2022
The Bank of England (BoE) has released its latest Financial Stability Report , warning of a worsening global economic climate. The invasion of Ukraine has intensified global inflationary pressures, leading the prices of essential goods such as food and energy to rise sharply. As a result of these global pressures, household real incomes and business margins in the UK have fallen, res...
30 June 2022
Your overview of economic and policy news with a focus on the food and consumer goods industry. Featuring the latest developments and guidance on the Ukraine crisis, the rising cost of living, labour shortages, COVID-19 and adapting to a new relationship with the EU. Availability concerns With supply chain continuing to be under pressure, around two thirds of adults (65%) experienced sh...
29 June 2022
The war in Ukraine is continuing having wide economic and commercial implications for food supply chains. The cost of living crisis has also resulted in more people switching products, thereby further impacting supply chains. The current events are resulting in a reduction in the amount of grains and oil available for export from the region. Some supermarkets are limiting how much cookin...
29 June 2022
The first results from the 2021 Census of England and Wales are now becoming available, via the ONS website. The data shows that population continues to grow – in 2021, resident the population of England and Wales was 59.6m, the highest ever recorded. Population grew by 3.5m (+6.5%) since the previous Census in 2011, with positive net migration contributing the majority of chan...
29 June 2022
The Northern Ireland Protocol Bill has passed its second reading in the House of Commons, by 295 votes to 221 – a significant number of Conservative MPs appear to have abstained, including former Prime Minister Teresa May, who criticized the Bill in strong terms. If passed, the Bill will give the government authority to introduce secondary legislation to unilaterally adjust parts of th...