Strong demand supports UK housing construction

Sep 28, 2015 04:55 am UTC| Commentary

The problem in UK housing construction is one of supply bottlenecks which are likely to continue restricting any increase in growth.UKs construction PMI paints a clear picture of the housing sector leading the pack,...

UK manufacturing still struggles

Sep 28, 2015 04:51 am UTC| Commentary

Evidence is mounting that the recent weakness of exports is dragging down the manufacturing sector.It should be borne in mind that in H1 goods exports were actually very strong but the most recent business surveys hint at...

U.S. personal income and spending likely quickened in August

Sep 28, 2015 04:50 am UTC| Commentary

Powered by a projected pickup in U.S. private wage and salary disbursements, personal income probably rose by 0.5% in August, following four consecutive 0.4% increases over the April- July span. Consumer spending is...

Methodology improvements to lead to large upward revisions to UK growth estimates

Sep 28, 2015 04:49 am UTC| Commentary

The usual revisions between the second and third estimates centre on revisions to the output components since the previous estimate was made.This time there have been no such changes but there have been major...

UK current account deficit likely to fall

Sep 28, 2015 04:46 am UTC| Commentary

The pleasing aspect of the UKs recent external performance is that the trade deficit has fallen to its lowest reading since 2000 (0.7% of GDP). However, despite this pleasantly surprising development, the current account...

UK consumer confidence likely to rise further

Sep 28, 2015 04:39 am UTC| Commentary

UK is in a sweet spot for the consumer at the moment. The fall in inflation to zero accompanied by the rise in wage growth is leading to a strong increase in real disposable income growth.Moreover, the unemployment rate...

Daily Economic Outlook: 28th September, 2015

Sep 28, 2015 04:21 am UTC| Commentary

Concerns about the Chinese economy and speculation over when the Fed will begin to raise interest rates are likely to continue to be the dominant issues for markets. The key Chinese data will come later in the week but...