Another set of disappointing data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"The rise in residential construction was one of the sharpest experienced over the past 10 years, helped by resurgent demand of development programmes and supportive funding conditions"
- Tim Moore, senior economist at survey compiler Markit

The Sterling was still trading in a narrow range against the U.S. Dollar, still holding modest gains following a release of the nation's construction PMI. A day later manufacturing data disappointed markets and the Pound lost some of its value against other major currencies. This time, another pillar of the Britain's economy came practically unchanged from the previous month, therefore the reaction was moderate.

On Wednesday Markit published its second report from the Britain's economy, saying activity in the construction sector remained strong, with the corresponding gauge standing at 62.5 in March, barely changed from 62.6 a month earlier. Analysts expected a figure of 63; however, even despite disappointing figures, the index remained highly above the 50 threshold that separates growth from contraction. The sector account for only 7% of the economy, therefore, markets reacted very slightly. What is more important, optimism among construction companies rocketed to the highest level since January 2007, while businesses hire staff at the fastest pace in four months. The sector is on the mend as record-low interest rates, government incentives are encouraging people to make huge purchases. Moreover, the government announced that it will extend its programme designed to boost people willingness to buy newly built homes until the end of the decade.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.