The UK manufacturing sector in June fell again after a much larger downturn than expected in May. We are seeing balancing after the March spike to 55.1 boosted by stock purchases ahead of Brexit hitting a G-7 record. UK exports were also at their lowest in almost 5 years.
U.K. Manufacturing Sector Contracts Sharply After Brexit Stockpiling Ends
The UK manufacturing sector in May had a much larger downturn than expected, much of it to do with the March spike to 55.1 vs 51.2 expected boosted by stock purchases ahead of Brexit hitting a G-7 record. UK exports were also at their lowest in almost 5 years.
U.K. Manufacturing Sector Boosted By Record Stock Purchases Ahead of Brexit
The UK manufacturing sector had been weakening along with the global economy. On Monday the Markit final UK March manufacturing PMI came in at 55.1 vs 51.2 expected boosted by stock purchases ahead of Brexit hitting a G-7 record.
US GDP Raised to 5.4% by Atlanta Fed After Strong Manufacturing and Construction
The Atlanta Fed GDPNow model forecast for real GDP growth in Q4 2017 rose to 5.4% on February 1, up from 4.2% on January 29 spurred by manufacturing ISM Report increased forecasts spending and real private fixed-investment growth.
Boeing Earnings Outlook Beat, What’s Next For $BA ?
Boeing $BA reported second quarter earnings, beating expectations and raising guidance before the market open Wednesday. Boeing is the best performing Dow stock in 2017 and has benefited more than most from the Trump Administration.