020 7898 0500The big talking point in the UK on Friday was the manufacturing PMI reading which came in at 58.2 and above what had been forecast. Any figure over 50 shows growth, so the reading is particularly strong. Indeed, October to November saw the fastest rate of growth since November 2013.
Today sees the release of the construction PMI for November and one wonders whether this has gone the same way as manufacturing. It was 50.8 in October and is forecasted to increase to 51.1. Certainly interesting to see whether it could exceed expectations and continue the positive readings.
Tomorrow we have the services PMI and new car sales. Thursday sees the release of the Halifax house price index, while Friday hosts the release of the balance of trade. We’ll also have manufacturing, construction and industrial production figures.
