UK: Trade balance and construction PMI in focus - TDS

Research Team at TDS, suggests that the market focus will be on the release of the construction PMI and trade balance data as far as UK economy is concerned.

Key Quotes

“Consistent with the relatively flat PMI reading for construction in July, we expect no change in the official construction output measure (consensus -0.5% M/M).

After disappointing numbers for June (and very large negative revisions to prior months), consensus is looking for the visible trade balance to improve to -£11.65bn.”