UK manufacturing sector to post no growth in August - TDS

Research Team at TDS, suggests that after a 0.8% m/m decline in July, TDS expect UK’s August manufacturing sector to post no growth in August, slightly below consensus of a 0.4% gain.

Key Quotes

“Consensus for headline IP is a 0.1% increase, despite the strong rebound in that month’s PMI.

Also out today is September house prices (expected to remain flat), August trade data (deficit is expected to improve slightly), and NIESR’s estimate of September GDP.”