ECONOMICS

Leading Indicators – July 13th

Key economic and financial metrics and what to look out for in the week ahead.
Written By:
William Matthews, Knight Frank
1 minute to read
Categories: Property Sector Offices service Consultancy Topic Covid-19 Data Economics ESG Forecast World Regions UK

Our weekly roundup of the economic and financial metrics you need to track, and what to look out for in the week ahead. This replaces our previous Daily Economic Dashboard.

In this edition:

  • Trade activity in the UK continues to recover, as exports rise 4.9% in May. The increase was largely driven by stronger exports to EU countries, and counters a more modest pace of growth in UK GDP during May.
  • Government bond yields fall globally. Despite recent concerns of above target inflation, government bond yields in many countries have fallen over the past week. This includes the UK, where at 0.66%, 10 year gilt yields are currently 16bps lower than at the beginning of 2020.
  • The ECB raises its inflation target. The European Central Bank has raised its inflation target to 2%, reducing pressure on it to hike interest rates. It currently expects inflation to reach 1.9% for the Eurozone during 2021. This week, June’s inflation figures will be released for the UK, US, and Eurozone countries, amongst others.