Downside risks to UK construction output – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, expectes small downside risks to UK construction output, which we expect to rebound in August by 0.8% m/m (consensus: 1.0%), after a decline of 1.0% in July.

    Key Quotes

    “Momentum in this sector has faded quickly over the course of the last year, especially in the new housing construction component, but this shouldn’t be too concerning - the UK recovery is being driven by the services sector.”

    “The UK trade balance is also out, with markets expecting the visible trade deficit to improve from £11bn in July to £9.9bn in August.”
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