July Monthly Brief

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Data Round Up

  • The third estimate of GDP signalled that the economy performed marginally better in 2018q1 than previously thought, expanding by 0.2% (revised up from 0.1%). Business investment disappointed however.

  • OPEC agreed to ease oil production quotas in June, allowing an extra 1 million barrels a day to be supplied to the market.

  • MPC vote by 6-3 to keep interest rates on hold at June meeting. The rise in the number of dissenters has raised market expectations of a rate rise in August though.

  • Manufacturing PMI picks up slightly to 54.4 in June.

 

You can read the full economic briefing here

 

 

July-Data-Summary 

Lee-comment-July

Author

Economist

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