Next week’s purchasing managers’ surveys are likely to report that both manufacturing and construction activity are weak. One reason for this, of course, is that uncertainty about Brexit is causing companies to delay investing in both new capital and in export efforts. The University of Tubingen’s Gernot Müller and colleagues estimate that by 2020 this uncertainty will result in the UK economy being 4 per cent smaller than it would otherwise be.
Join our community of smart investors
Subscribe today and enjoy unlimited access:
- Comprehensive companies coverage
- Actionable commentary, ideas and portfolios
- Tools and data to help you manage and track investments.
- Help managing your portfolio
Economics
Why aren’t there more no-thought momentum investors?
There are good reasons not to have been a momentum investor - but also a bad one.
Chris Dillow