PROPERTY SECTOR

Leading Indicators - 25th May

Key economic and financial metrics and what to look out for in the week ahead
Written By:
William Matthews, Knight Frank
1 minute to read
Categories: Property Sector Offices Research service Consultancy Topic Covid-19 Data Economics Forecast World Regions UK London

Our weekly roundup of the economic and financial metrics you need to track, and what to look out for in the week ahead. This replaces our previous Daily Economic Dashboard.

In this edition:

  • The UK Services PMI reached a seven year high in May. A reading of 61.8 indicates that service sector activity is rebounding very rapidly.
  • UK public sector net borrowing fell to £31.7bn in April. The OBR had forecast a level of £39bn.
  • In the US, Friday’s budget will add further colour to the global recovery. Advanced proposals suggest potential for a 16% increase in domestic spending.