The week ahead is going to be characterized by our 5th Investment Monitor, PMI releases and productivity official stats. Let’s take a look.
Today we published our annual monitor on investment in partnership with Santander.
We asked our members if and how much they invested, their intentions for the near future and what factors are driving their decisions. Today Lee will blog about that.
PMI and productivity
After a bad reading for business investment on Friday (-0.7% in the quarter), today, we will have the first indication on how manufacturing has performed in September.
The index is trending down from the peak of the end of last year (52.8 in August) and last month figure was the weakest since the aftermath of the EU referendum.
ONS confirmed this weakness with manufacturing contracting in the last two quarters, however the sub-sector picture remains quite heterogeneous.
Tuesday will be the turn of construction. Since the weather related drop of the first quarter, the sector has recovered. However, last month PMI has seen a drop at 52.9 after the great 55.8 of July.
On Wednesday the last PMI release will tell us what is happening to the service sector. In August, service PMI was the most positive amongst all the PMI releases, scoring 54.3 up from the 53.5 of July.
Finally, on Friday the ONS will tell us how productivity has done in the second quarter of the year and how the GDP Q1 revisions released on Friday had an impact on it.