More UK data – increase in capex intentions reported

More UK data – increase in capex intentions reported

EEF (formerly the Engineering Employers' Federation) & Santander (bank)

  • Business investment had slowed this year
  • But the proportion of manufacturers planning to invest more over the next two years had risen to 51 percent from 43 percent in 2016
  • "With global demand on the up conditions should be ripe for industry to make new investments in capacity and productivity enhancing technology. But Brexit means the future outlook for investment is not clear cut," EEF economist Lee Hopley said
  • Via Reuters

–Again, as with the earlier UK data this is not immediate market-moving – but background info on the UK economy.
Original Article