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.