The Week Ahead: UK GDP; Smiths Group, Saga, Boots Results
There was some hope of a rebound at the beginning of Q1; however, these green shoots look likely to be snuffed out due to the impact of coronavirus on March’s economic activity. We’ll also get an insight into mortgage approvals and lending for February, an area of the economy that is likely to suffer a significant slowdown in the coming weeks as consumers pull in their horns from a financial point of view. Tuesday: As a specialist in the production of medical ventilators, Smiths Group is at the forefront of the coronavirus outbreak, with the NHS scrambling to boost the number of breathing aids as coronavirus sweeps across the UK. Friday: China’s February data illustrated the devastating effect that the one-month lockdown had on the economy, and last week the UK, France and Germany released disappointing flash PMI numbers. As Friday’s readings will be collating data for the rest of March, they are likely to be even worse.