Features

Money Minute Friday 1 November: UK manufacturing

In today's Money Minute, we get the latest UK manufacturing sector survey for October, plus US non-farm payrolls.

In the UK, we get the latest manufacturing sector survey for October.A reading above 50 suggests that activity in the sector is expanding below 50 indicates it is contracting.

In common with most of the rest of the world, the UK manufacturing sector has been struggling for many months.Markets expect a reading of around 48, suggesting continued contraction.

In the US, it's non-farm payrolls Friday.Markets always pay a great deal of attention to these figures, but this month they are likely to be distorted by the recent strike action at automobile giant GM, which will have had a knock-on impact on GM's suppliers.

As a result, we'll have to take the reading with an even bigger pinch of sat than usual.But overall, the data is likely to point to a moderate slowdown in the labour markets, with both wage inflation and underlying employment growth expected to be lower than last month.

Recommended

Shareholder capitalism: why we must return power to listed companies’ ultimate owners
Investment strategy

Shareholder capitalism: why we must return power to listed companies’ ultimate owners

Under our system of shareholder capitalism it's not fund managers, it‘s the individual investors – the company's ultimate owners – who should be telli…
24 Jan 2022
Just how green is nuclear power?
Energy

Just how green is nuclear power?

Nuclear power is certainly very clean in terms of carbon emissions, but what about the radioactive waste produced as a byproduct? It’s not as much of …
22 Jan 2022
Inflation: now we really have something to worry about
Inflation

Inflation: now we really have something to worry about

We’ve been worrying about a sharp rise in inflation for years, says Merryn Somerset Webb – now, we finally have something to worry about.
21 Jan 2022
Amazon halts plans to ban UK Visa credit card payments
Personal finance

Amazon halts plans to ban UK Visa credit card payments

Amazon has said that it is to shelve its proposed ban on UK customers making payments with Visa credit cards.
17 Jan 2022

Most Popular

Ask for a pay rise – everyone else is
Inflation

Ask for a pay rise – everyone else is

As inflation bites and the labour market remains tight, many of the nation's employees are asking for a pay rise. Merryn Somerset Webb explains why yo…
17 Jan 2022
Shareholder capitalism: why we must return power to listed companies’ ultimate owners
Investment strategy

Shareholder capitalism: why we must return power to listed companies’ ultimate owners

Under our system of shareholder capitalism it's not fund managers, it‘s the individual investors – the company's ultimate owners – who should be telli…
24 Jan 2022
Interest rates might rise faster than expected – what does that mean for your money?
Global Economy

Interest rates might rise faster than expected – what does that mean for your money?

The idea that the US Federal Reserve could raise interest rates much earlier than anticipated has upset the markets. John Stepek explains why, and wha…
6 Jan 2022