Outlook for Uk Economy Remains Fragile in H2

Outlook for Uk Economy Remains Fragile in H2


Quotes from Standard Chartered:
-After weak data released on 21 August (lower public-sector net borrowing, a fall in the CBI order survey), the market will scrutinise upcoming data for reassurance. The August CBI reported sales survey index, out on 23 August, should point to a positive temporary impact on consumption from the Olympics (we and the consensus expect 16, after 11 in July), boding well for retail sales data released by the Office for National Statistics.
-Q2 GDP growth (24 August) should be raised by 0.2ppt to -0.5% after taking into account June's industrial production and construction data. The expenditure breakdown will provide more in


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