RE: tecz31 Mar 2023 13:35
I know what the news is now. The media doesn’t cover what’s happening in the sector and you can only work out with hindsight . Over the last 6 months
BWY +31%
BDEV +37%
TW +34%
VTY +34%
CRST +21%
BREE +43%
MBH +14%
Etc… TA wise sector has a long way to go. Catalyst will be dovish BoE, supply side easing and inflation dipping.
If you think that’s what’s a head then that makes sector an early buy…
‘ The ONS has revised up UK GDP in the third quarter of last year. GDP is now thought to have only fallen by 0.1% in July-September, better than the first estimate of a 0.2% decline.
However, the UK economy is still below its pre-pandemic level.
Quarterly GDP in quarter 4 2022 was 0.6% below its pre-coronavirus level set in Q4 2019, which has been revised up from the previous estimate of 0.8% below.
GDP is now estimated to have increased by 4.1% in 2022, revised up from the previous estimate of 4%.
The UK services sector grew by 0.1% in the final quarter of last year, the ONS reports.
Builders had a good quarter, with the construction sector growing by 1.3%, but the production sector stagnated, with growth flat in quarter 4 2022.
Encouragingly, UK business confidence has risen to its highest level since May 2022.
The Lloyds Bank business barometer, released this morning, has risen this month by 11 points to 32%, helped by rising optimism about the outlook for the economy.
Overall economic optimism also increased this month. Pricing expectations, which are being watched by the Bank of England amid worries about "greedflation", cooled to a six-month low.“
Pick a narrative! It’s what makes a market!
Usual caveats
Trek
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