FXStreet (Łódź) - Ross Walker, Senior UK Economist at RBS suggests that UK Manufacturing PMI for July, due out on Friday, will rise to 58 from 57.5.

Key quotes



“The first of the PMI surveys for Q3 will be the highlight of a very thin data calendar in the week ahead.”



“We expect another buoyant outturn (in level terms) though, as the preliminary GDP estimate reminds us, the PMI surveys have for some time tended to over-estimate GDP growth, so the more telling feature may be the absence of much change in the month.”



“Maintaining current survey levels would provide reassurance that the recovery remains on track, though we continue to forecast some moderation in the pace of expansion in the second half of this year – and certainly in 2015 when a more significant and sustained fiscal policy tightening is scheduled (averaging >1% of GDP per year).”



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD Technical Analysis: Bounce Capped at Range Top

  2. Forex News

    Fed Doesn’t Relieve Anxiety, GDP Will Take Shot at Dollar and Equities

  3. Forex News

    Global Economy, Central Banks Look for Further Improvement in GDP Data

  4. Forex News

    GBP/USD completes roundtrip after Fed

  5. Forex News

    GBP/USDa little chop on non eventful FOMC

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!