Profile picture
Rupert Seggins @Rupert_Seggins
, 9 tweets, 3 min read Read on Twitter
1. Some rougher-looking data on the UK economy this morning. Starting with new car sales, down -2.9%y/y in October. Growth figures have been hit by a couple of events over the past couple of years: the new VED regime and the more recent new emmissions testing regime.
2. As Howard points out here, the impact of the new emmissions testing regime is still working its way through the figures.
3. Next up, we have a fall in the PMI services figure from 59.3 to 52.2 in October. Still saying growth, just not as much as before. Caveat: the PMIs are a bit noisy and the correspondence to the official output statistics is only rough. Markit highlighting Brexit uncertainty.
4. A few other possible influences. As Chris Giles highlights, there may be some weather-related unwiding going on here. What the sun giveth, the rain taketh away.
5. Simon also highlighting Q3 as being a blip, with UK growth rate in Q4 looking weaker than what we saw in the middle of this year.
6. Shaun puts a figure on what that weaker Q4 growth may look like.
7. Samuel brings in another important point whigh is that the UK economy is not disconnected with what is going on over the Channel.
8. Andy's nice colour-coded table here really helps illustrate the extent to which the UK and Euro Area PMI indicators move together.
9. And finally, for the full set of reactions and analyses, it's always well-worth checking out Graeme's live blog. theguardian.com/business/live/…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Rupert Seggins
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!