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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Total Business Investment QoQ climbed to -0.4% in Q2 2013
FMPMonthlyReleased May 2013
United Kingdom Total Business Investment QoQ climbed to -0.4% in Q2 2013, up 0.4% from April's -0.8% reading. The reading missed the 1.7% consensus by 2.1%.
Latest Release
-0.4
Actual
1.7
Consensus
-0.8
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Total Business Investment QoQ (United Kingdom) was reported at -0.4% in May 2013. This missed the market consensus of 1.7% by 2.1%. The reading rose from the previous value of -0.8%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Jun 18) and Unemployment Rate (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
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Total Business Investment QoQ - UK
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About Total Business Investment QoQ — United Kingdom
DEFINITION
Total Business Investment QoQ (Quarter over Quarter) is a financial indicator that measures the change in the total amount of investment made by businesses in a specific quarter compared to the previous quarter. This indicator provides valuable insights into the overall health and growth of the business sector, as well as the level of confidence and optimism among businesses in making investments. It is a key metric used by investors, analysts, and policymakers to assess the current and future state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2013): actual -0.4 %, consensus 1.7 %.
WHAT'S NEXT
This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.