Money Minute Wednesday 4 December: Britain's economic sentiment and American job figures
Today's Money Minute looks ahead to the UK's latest all-sector PMI survey, and America's private payrolls report.
In the UK this morning, we get the latest all-sector PMI survey.This is a survey that takes a look at sentiment in every part of the UK economy manufacturing, construction and services.It's expected to show that activity overall is contracting, as the PMI surveys for these individual sectors have all been declining in recent months.
That said, it's worth noting that the survey results have also been gloomier than the actual economic data indicates, which suggests that the atmosphere of political turmoil is encouraging respondents to be more pessimistic than is perhaps justified.
In the US, we get the ADP private payrolls report.This isn't the most accurate indicator of employment in the US.However, it will be watched very closely because it serves as a warm-up act for the nonfarm payrolls figures, out on Friday.Those employment numbers are extremely important and tend to set the tone for markets each month.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
-
Ground rents to be capped at £250 a year – what does it mean for you?The government has published draft legislation which would see ground rents capped at £250 per year for leaseholders. We examine what it means for homeowners and the housing market.
