UK: Public finances and industrial trends data in focus – Nomura

Analysts at Nomura suggest that public finances and CBI industrial trends survey data are going to be the key economic releases for today’s session.

Key Quotes

“Headline public sector net borrowing (ex-public sector banks) was £42.6bn in fiscal year 2017-18, over £7bn less than expected by the Office for Budget Responsibility six months ago.”

“CBI industrial trends survey: The activity balances of this survey have generally slowed since the turn of the year, but remain positive. However, a solid reading on output expectations last month could be supportive for this week’s survey.”