Tougher restrictions take a toll on high frequency data
According to the latest high-frequency data the economic respite offered by the lifting of the England wide lockdown in November has proved short-lived. And the early months of 2021 are likely to see real-time indicators depressed further.
All parts of the UK are now subject to most of the lockdown restrictions imposed last spring, including the closure of schools. Still, the rollout of vaccines offers hope of a strong economic recovery later this year.