London Property Market Snapshot: October 2016

Recent data has given mixed signals about the short-term growth outlook in the US. For example, production-based business surveys like the ISM and PMI both pointed to a slowdown in GDP growth in the third quarter. By contrast, on the back of the rise in the price of oil, mining output has risen. Furthermore, non-farm payrolls saw a robust increase of almost 240,000 in September, the unemployment rate remains low at around 5%, and core inflation ticked up, suggesting that aggregate demand is healthy. Download pdf