The latest monthly economic report from Duncan Innes — Market Analyst for specialist wood panel products supplier Norbord — presents a detailed yet succinct overview of the current outlook for UK plc using the very latest available information, pooled from a variety of sources.
Extremely comprehensive yet uniquely concise, the report extends to just 20 very clear slides. With a natural focus on the building and construction market, the report starts with summary of market indicators which link together reference points including NHBC data, CPA forecasts, mortgage lending statistics and wider economic pointers including GDP growth, interest rates, unemployment figures and retail sales.
The report than offers a macroeconomic summary, followed by a series of charts, graphs and tables which detail trends and predictions in GDP growth , the UK Economic Outlook (with construction, housing, services and manufacturing as the indices), Interest Rates and pan-European consumer confidence and retail indicators, with sources including HM Treasury, Purchasing Manager Surveys and RBS.
The final section of the report goes on to assess the ‘demand drivers’ in the key UK markets of construction and housing, evaluating house prices, mortgage lending, housing starts and demand.
Author of the report, Duncan Innes comments: “The UK construction industry has been slowing over the past few months, but housebuilding in October held up a bit more strongly than expected. In their latest updates, the major builders generally reported that usual autumn uptick was very muted this year, once again citing lack of mortgage finance as the biggest issue. (However) this may suggest a silver lining in that underlying demand is still there.”
To download the full report click here