24 Mar 2016
UK: Key reports for next days - Lloyds Bank
Analysts from Lloyds Bank take a look into next’s weeks economic reports from the United Kingdom.
Key Quotes:
“The Bank of England anticipates UK Q1 GDP growth to be similar to the current estimate of 0.5%q/q in Q4. There was, however, a sharp fall in the February PMI surveys, which may point to slight downside risks for Q1 GDP growth.”
“We anticipate a small bounce in the March manufacturing PMI (Fri) to 51.0. The services PMI survey, which covers a significantly larger part of the economy, is not due until the following week.”
“The Lloyds Business Barometer (Thu) will provide an early indication of March business sentiment across the whole economy. The current account balance for Q4 (Thu) could attract some attention in light of trade-weighted sterling’s fall to two-year lows.”
Key Quotes:
“The Bank of England anticipates UK Q1 GDP growth to be similar to the current estimate of 0.5%q/q in Q4. There was, however, a sharp fall in the February PMI surveys, which may point to slight downside risks for Q1 GDP growth.”
“We anticipate a small bounce in the March manufacturing PMI (Fri) to 51.0. The services PMI survey, which covers a significantly larger part of the economy, is not due until the following week.”
“The Lloyds Business Barometer (Thu) will provide an early indication of March business sentiment across the whole economy. The current account balance for Q4 (Thu) could attract some attention in light of trade-weighted sterling’s fall to two-year lows.”