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Martin Sartorius

@martinsartorius.bsky.social
440 followers 725 following 60 posts

Lead Economist at the CBI. Views are my own

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Martin Sartorius @martinsartorius.bsky.social · 01/10/2026
Conditions in the UK FS sector showed signs of stabilising in Q3. Check out the results of our latest FSS 👇
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Martin Sartorius @martinsartorius.bsky.social · 24/09/2026
UK retailers reported a steep fall in annual sales volumes in September, with some firms attributing the deterioration to poor consumer sentiment. 🧵 of results 👇
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Martin Sartorius @martinsartorius.bsky.social · 16/09/2026
Higher fuel prices caused inflation to accelerate to 3.1% in August. We expect that increased energy costs and some passthrough to domestic prices will further push up inflation over the months ahead
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CBI Economics @cbieconomics.bsky.social · 01/09/2026
📉 PRIVATE SECTOR ACTIVITY IS EXPECTED TO FALL AGAIN, BUT THE OUTLOOK IS LESS WEAK Firms expect activity to decline in the three months to November, but expectations are now the least negative since November 2024
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Martin Sartorius @martinsartorius.bsky.social · 26/08/2026
Retail firms grew more downbeat in August as they grappled with sharply falling sales volumes. These weak trading conditions, which were echoed across the broader distribution sector, continued to weigh on retailers’ investment and hiring plans. Check out the latest DTS data 👇
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CBI Economics @cbieconomics.bsky.social · 19/08/2026
"We expect that inflation will gradually accelerate in the coming months, as the ongoing Iran conflict continues to feed through to prices." Read @martinsartorius.bsky.social's response and what it could mean for interest rates: www.cbi.org.uk/media-centre...
cbi.org.uk
CBI responds to July 2026 inflation data | CBI
CBI responds to July 2026 inflation data
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CBI Economics @cbieconomics.bsky.social · 13/08/2026
UK GDP grew by 0.4% in Q2 2026, matching market expectations. This follows a robust 0.6% expansion in Q1 2026. These figures leave GDP 1.2% higher than in Q2 2025.
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CBI Economics @cbieconomics.bsky.social · 30/07/2026
The Bank of England’s MPC voted 6-3 to leave Bank Rate unchanged at 3.75%. The majority judged a hold was appropriate because the restrictive policy stance and tight financial conditions are providing “insurance” against upside inflationary risks from the Middle East conflict.
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Martin Sartorius @martinsartorius.bsky.social · 27/07/2026
Retailers reported that the ongoing sales downturn lost steam in July, but a recovery still looks some way off as gloomy sentiment and elevated cost pressures weigh on activity. Check out the key takeaways from this month's DTS 👇
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Martin Sartorius @martinsartorius.bsky.social · 23/07/2026
The latest ITS reports that UK manufacturers continue to be squeezed by weak demand and rising costs. Check out the key results 👇
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CBI Economics @cbieconomics.bsky.social · 22/07/2026
"Inflationary pressures are likely to firm over the next few months, reflecting the ongoing impact of the Iran conflict on energy bills and some passthrough to domestic prices." Read @martinsartorius.bsky.social's response and what it could mean for interest rates: www.cbi.org.uk/media-centre...
cbi.org.uk
CBI responds to latest inflation data for June 2026 | CBI
CBI responds to latest inflation data for June 2026
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Martin Sartorius @martinsartorius.bsky.social · 22/07/2026
UK inflation ticked down in June, but we expect price pressures to firm over the next few months due to the ongoing impact of the Iran conflict. 🧵 of key takeaways and my full response to the data 👇
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CBI Economics @cbieconomics.bsky.social · 25/06/2026
For a more detailed look at the June Distributive Trades Survey and @martinsartorius.bsky.social's view of the results, check out our press release 👇 www.cbi.org.uk/media-centre...
cbi.org.uk
Retail sales slump deepens in June 2026 - CBI Distributive Trades Survey | CBI
Retail sales slump deepens in June 2026 - CBI Distributive Trades Survey
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Martin Sartorius @martinsartorius.bsky.social · 25/06/2026
Retailers reported a gloomy start to the summer, amid depressed consumer sentiment and rising cost pressures. Weak trading conditions were mirrored across the wholesale and motor trade sectors as well. Check out the results of the survey 🧵👇
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CBI Economics @cbieconomics.bsky.social · 23/06/2026
The latest CBI Industrial Trends Survey pointed to a broad-based fall in output volumes in the three months to June, with the balance slipping to its weakest since 2020. Manufacturers expect output volumes to fall again in the three months to September.
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Martin Sartorius @martinsartorius.bsky.social · 09/06/2026
I’m excited to be able to share our latest UK economic forecast (even if it's a gloomy one). We've downgraded our GDP growth projections to 1.1% in 2026 and 0.9% in 2027 (from 1.3% and 1.5% previously). Thread below on what's driving the slowdown 👇
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Martin Sartorius @martinsartorius.bsky.social · 27/04/2026
UK retail conditions deteriorated in April, with sales momentum weakening noticeably against a backdrop of fragile consumer confidence. Activity remained subdued in the wholesale sector amid headwinds from high costs and muted demand. Check out the results from the latest CBI DTS 👇
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CBI Economics @cbieconomics.bsky.social · 23/04/2026
The latest CBI Industrial Trends Survey found that business sentiment deteriorated rapidly in April, with manufacturers optimism about both the general business situation and their export prospects declining at the fastest since April 2020.
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Martin Sartorius @martinsartorius.bsky.social · 22/04/2026
Inflation rose in March, as the energy shock from the Iran conflict began to feed through to the UK economy. We expect the conflict to put upward pressure on households’ bills in the coming months, but a repeat of 2022 seems unlikely at this stage. More details here 👇
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CBI Economics @cbieconomics.bsky.social · 15/04/2026
Growth is muted, inflation pressures are building, and the Middle East conflict is adding new uncertainty. 📉 Our April Economic Deep Dive breaks down what this means for UK businesses. Exclusive to CBI members🔒: www.cbi.org.uk/articles/cbi...
cbi.org.uk
CBI Economic Deep Dive: April 2026 | CBI
Your quarterly guide to the UK economy; making sense of the key trends and what's driving them.
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CBI Economics @cbieconomics.bsky.social · 07/04/2026
Business volumes in the financial services sector rebounded in Q1 2026 at the fastest rate since December 1996, according to the latest CBI Financial Services Survey. FS firms expect volumes to grow at a rapid, albeit slightly slower, pace over Q2.
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CBI Economics @cbieconomics.bsky.social · 31/03/2026
UK GDP was confirmed to have grown by 0.1% q/q in Q4 2025, following growth of 0.1% in Q3. Growth in Q4 was primarily caused by marginal increases in household and government spending, while business investment contracted.
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CBI Economics @cbieconomics.bsky.social · 26/03/2026
📉 OUTLOOK FOR PRIVATE SECTOR ACTIVTY REMAINS SUBDUED The CBI’s latest surveys report that firms anticipate another decline in activity in the three months to June, continuing a run of negative expectations going back to the end of 2024.
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CBI Economics @cbieconomics.bsky.social · 25/03/2026
“The recent spike in global energy prices due to the Iran conflict means that we expect to see renewed inflationary pressures in the near-term." Check out @martinsartorius.bsky.social’s response to today's inflation data and what it could mean for interest rates: www.cbi.org.uk/media-centre...
cbi.org.uk
CBI responds to latest inflation data for February 2026 | CBI
CBI responds to latest inflation data for February 2026
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Martin Sartorius @martinsartorius.bsky.social · 24/03/2026
Momentum in the UK retail sector remained poor in March, with annual sales volumes falling sharply and no signs of an imminent recovery. Subdued activity was also evident across the rest of the distribution sector. Check out the results of our latest DTS 👇
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CBI Economics @cbieconomics.bsky.social · 19/03/2026
The Bank of England’s MPC voted unanimously to leave Bank Rate unchanged at 3.75%. The Committee said it would “monitor closely the situation in the Middle East and its impact on global energy supply and energy prices, and the UK inflation outlook”
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CBI Economics @cbieconomics.bsky.social · 02/03/2026
Ahead of the Spring Forecast, with unemployment rising at a post-pandemic high and profitability under pressure, CBI Chief Economist Louise Hellem calls for government to move away from a “business versus employees” mindset in @observeruk.bsky.social article: observer.co.uk/news/busines...
observer.co.uk
The UK labour market isn’t working and squeezing business...
A healthy business environment and a healthy labour market are two sides of the same coin
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CBI Economics @cbieconomics.bsky.social · 24/02/2026
For a more detailed look at the latest Distributive Trades Survey and @martinsartorius.bsky.social's view of the results, check out our press release 👇
cbi.org.uk
Wet weather dampens retail sales in February – CBI Distributive Trades Survey | CBI
Wet weather dampens retail sales in February – CBI Distributive Trades Survey
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Martin Sartorius @martinsartorius.bsky.social · 24/02/2026
Retailers reported a sharp drop in annual sales in February, according to the latest DTS, with some mentioning that wet weather conditions weighed on footfall. Sentiment remains gloomy, hitting investment plans and jobs. Key takeaways from the survey 🧵👇
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Martin Sartorius @martinsartorius.bsky.social · 19/02/2026
UK manufacturing output continues to fall, but at a slower pace than last month. Many firms noted that poor sentiment and elevated costs are holding back activity in the sector. Check out the headline results of the survey 🧵👇
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Martin Sartorius @martinsartorius.bsky.social · 18/02/2026
UK #inflation slowed to 3.0% in January, in line with our latest projection. We expect this disinflationary momentum will gain pace in the coming months, reflecting the fading impact of last year’s energy and utility price increases
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CBI Economics @cbieconomics.bsky.social · 05/02/2026
The Bank of England’s MPC voted 5-4 to leave Bank Rate unchanged at 3.75%. The majority bloc preferred to keep rates on hold as they wait to see how lower inflation this year will pass through to wage and price-setting.
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Martin Sartorius @martinsartorius.bsky.social · 08/01/2026
The UK FS sector saw a gloomy end to 2025, with business volumes falling sharply. Activity is set to pick up in Q1 2026, though. Check out the key takeaways from the latest CBI FSS 🧵👇
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Martin Sartorius @martinsartorius.bsky.social · 19/12/2025
Retailers reported that annual sales volumes fell rapidly in December, as weak consumer confidence contributed to softer trading conditions in the lead-up to Christmas. Check out the results of our latest Distributive Trades Survey 👇
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CBI Economics @cbieconomics.bsky.social · 18/12/2025
The Bank of England’s Monetary Policy Committee (MPC) voted 5-4 to reduce Bank Rate to 3.75%. Today’s reduction was in line with our recent economic forecast, which expects rates to settle at 3.5% early next year.
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Martin Sartorius @martinsartorius.bsky.social · 17/12/2025
Check out my response to today’s UK inflation data, which showed a larger-than-expected slowdown to 3.2% in November 👇
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Martin Sartorius @martinsartorius.bsky.social · 12/12/2025
Excited to finally share our latest CBI UK Economic Forecast. We expect moderate growth ahead, but, under the surface, household spending and business investment remain subdued. Check out the key points in the thread below 👇
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Martin Sartorius @martinsartorius.bsky.social · 25/11/2025
Conditions in the UK retail and broader distribution sector remain gloomy, with sentiment and annual sales dropping in November. Households continue to be cautious, and Budget-related uncertainty is weighing on capex and hiring. Check out the key figures from the latest CBI DTS 👇
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CBI Economics @cbieconomics.bsky.social · 19/11/2025
UK CPI inflation slowed to 3.6% in October, down from its 3.8% peak and in line with consensus expectations. Core CPI inflation (excl. energy, food, alcohol, and tobacco) eased further to 3.4% (from 3.5% in September)
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CBI Economics @cbieconomics.bsky.social · 13/11/2025
UK GDP grew by 0.1% q/q in Q3 2025, underperforming consensus estimates of 0.2%. These figures mark a slowdown from the first half of 2025 (0.7% in Q1, and 0.3% in Q2).
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Martin Sartorius @martinsartorius.bsky.social · 06/11/2025
The BoE's MPC kept Bank Rate at 4% today, as it waits to see further disinflationary progress. The Bank's central forecast expects inflation to slow to 2% by H1 2027, based on market expectations that interest rates will fall to a terminal rate of 3.5% in H1 2026. 🧵👇
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CBI Economics @cbieconomics.bsky.social · 27/10/2025
Year-on-year retail sales volumes fell at a strong rate in October amid weak consumer confidence and Budget concerns - according to the latest CBI DTS. Retailers expect the 13-month-long downturn to extend into November.
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Martin Sartorius @martinsartorius.bsky.social · 22/10/2025
UK inflation came in lower than expected in September (at 3.8%), though it remains well above the BoE's 2% target. We expect inflation to slowly ease in the coming months, but we are unlikely to see a more substantial downshift until the first half of next year
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CBI Economics @cbieconomics.bsky.social · 01/10/2025
Private sector activity is weak, hiring plans remain soft, and the investment appetite is muted. 📊 Our Q3 Economic Deep Dive helps business leaders cut through the noise on demand, costs & labour markets. 🔍 Exclusive to CBI members🔒: www.cbi.org.uk/articles/eco...
cbi.org.uk
Economic deep dive Q3 2025 | CBI
Your quarterly guide to the UK economy; making sense of the key trends and what's driving them.
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Martin Sartorius @martinsartorius.bsky.social · 02/10/2025
Activity in the FS sector dropped at its quickest rate in five years in Q3, but firms expect a strong rebound next quarter. Check out the findings from the survey 👇🧵
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Martin Sartorius @martinsartorius.bsky.social · 25/09/2025
September marked the twelfth straight month of falling annual retail sales, according to our latest DTS. Weak demand conditions are weighing on sales, while US tariffs are adding pressure for some retailers. Check out the results of the survey 👇
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CBI Economics @cbieconomics.bsky.social · 19/09/2025
Since last year’s Autumn Budget hiked labour costs, UK businesses have faced a tough balancing act. How are they responding? Read our latest blog 👉 www.cbi.org.uk/articles/the...
cbi.org.uk
The business impact of the NICs increase | CBI
We analyse business responses collected from our regular surveys about the impact of the hikes in National Insurance Contributions.
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CBI Economics @cbieconomics.bsky.social · 19/09/2025
#Retail sales volumes rose by 0.5% m/m in August (from 0.5% in July), marking a third consecutive month of growth. Underlying momentum was more muted, however, with sales falling by 0.1% over the three months to August.
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Martin Sartorius @martinsartorius.bsky.social · 18/09/2025
BoE MPC’s rate hold today was widely expected. A noteworthy nod to data dependency in the minutes, alongside unchanged forward guidance, suggests upcoming inflation and labour market data will be key to a possible Q4 cut
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Martin Sartorius @martinsartorius.bsky.social · 17/09/2025
UK inflation remained elevated in August at 3.8%. Higher food and energy prices, alongside passthrough from increased labour costs, will continue putting upward pressure on prices in the near term
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