The volatile nature of UK construction output (09.30 BST) means that we could see a sharp rise in February after the fall in January. After all, the construction PMI has risen in the past couple of months.
That said, it may be too early for this improvement to be showing up in the more lagging official construction figures. What's more, other indicators, such as construction orders, have been less positive.
February's industrial production figures (09.30 BST) should show that the recent pick-up in the industrial surveys is starting to feed through to the official data.
"We have pencilled in no change to construction output in Feb. We forecast a 0.3% m/m rise in both manufacturing output and overall production. But this would still leave production unlikely to rise by much in Q1 as a whole." - says Capital Economics
Commentary
UK construction output probably unchanged in Feb, industrial production probably increased slightly
The volatile nature of UK construction output (09.30 BST) means that we could see a sharp rise in February after the fall in January. After all, the construction PMI has risen in the past couple of months. That said, it …
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
