Leading Indicators - 17 August
Key economic and financial metrics, and what to look out for in the week ahead
08 November 2021
In this edition:
- UK gilt rates continue to fall from recent highs. At 0.57%, 10 year yields are ca. 40bps below levels two months ago, as a multitude of factors globally have spurred investor demand for safe-haven assets.
- The UK economy is accelerating at the second fastest pace in the G7. Output expanded by 4.8% in the three months to June, while more recent unemployment and consumer sentiment figures corroborate the ongoing strength of the recovery.
- Global shipping costs reach a decade high. The Baltic Dry index, a measure of the cost of shipping goods, has risen by over 160% since the start of the year. This reflects both rising trade as well as congestion at Chinese ports, and could further impact the supply and pricing of construction materials.
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