by Christopher Nye | Oct 5, 2018
The headline release from the UK yesterday was car sales for September. In August, the reading was a whopping 23.1% which was largely down to savvy individuals who took advantage of some bargains in what is one of the year’s smallest months. With that in mind, a drop...
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by Christopher Nye | Oct 5, 2018
UK car sales fell by 20% in September, largely because of new emissions testing regulations. As every single car now has to be tested prior to it being sold, there are bottlenecks at testing sites, which is leading to a drop in availability. That, coupled with...
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by Christopher Nye | Oct 5, 2018
The only release of note from the eurozone yesterday was the construction PMI figure from Germany. In August, the figure came in at 51.5 but last month, the reading dropped to 50.2. A slowdown in the pace of housing and commercial activities contributed to the fall,...
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by Christopher Nye | Oct 5, 2018
August’s US factory orders were released yesterday and showed an increase of 2.3%. This was a significant about turn from the 0.8% decline we saw in the previous month and better than the 2.1% economists had expected. It is the strongest gain since September 2017 and...
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by Christopher Nye | Oct 4, 2018
The US stock market opened higher yesterday as optimism around the Italian budget row increased and filtered through. This helped drive the Dow Jones industrial average to its highest mark ever. It is fascinating to think how everything is interlinked; that Italy’s...
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