Yesterday, from the UK Construction PMI data was published.February data highlighted a further loss of growth momentum across the UK construction sector, with output, new orders and employment all expanding at slower rates than at the start of 2016. The headline seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index registered 54.2 in February, down from 55.0 in January and the lowest since April 2015. Increase to 55.5 was forecasted.
On Wednesday, Services PMI data will be published. Slight decline to 55.1 is anticipated. In the US session Unemployment Claims and Non-Manufacturing PMI figures will be released. Analysts predict decrease to 271,000, while Non-Manufacturing PMI should fall to 49.8.
Figures to watch:
Services PMI (Thursday 10:30)
Unemployment Claims (Thursday 14:30)
ISM Non-Manufacturing PMI (Thursday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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