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September Motnhly Briefing
Key data releases over the past month indicate business investment is back in 2016q2 and confidence has recovered since its collapse in July.
- Business investment showed a mild recovery in 2016Q2, growing by 0.5% after two quarters of contraction.
- Input prices soared as a consequence of the Sterling depreciation, increasing margin pressures on UK manufacturers.
- UK Manufacturing PMI saw a remarkable swing upward in August after its plunge in July. Output and orders, particularly from abroad, largely explained the hike.
- Consumers’ sentiment also improved in line with strong households’ consumption and renewed confidence about personal finance amid policy action from the Bank of England and reduced political uncertainty.
Download the full briefing here.
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