This report provides an overview of the current UK economic landscape, market movements and its implications on the UK real estate market.
Summary:
- UK economic growth contracted by 0.2% in the second quarter of this year.
- Growth surprised on the downside, as a result Sterling took a hit and fell to its two-year low against the dollar.
- At the moment the performance of the UK economy is mixed in particular due to erratic moves largely due to businesses stockpiling ahead of Brexit.
- The unemployment rate edged upwards to 3.9%, this is the first time since the summer of last year.
- The labour market may have reached its turning point with the number of vacancies no longer increasing suggesting demand for workers has cooled off.
Click to read Monthly UK Economic Briefing - Aug 2019
Previous:
June Economic Briefing
