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Latest PMI Data for November

Data Bite Latest PMI Data for November 2021 hero

14 12 21 Data Bite Latest PMI Data for November

What:

The IHS PMI data is one of the best leading indicators for GDP performance.

It is compiled by surveying purchasing managers across a wide range of economic sectors and is a widely consulted bellwether of business sentiment.

The PMI is one of the few data sets allowing for monthly regional comparisons.

Why:

Despite disappointing monthly GDP growth in October (0.1% m/m), the PMI data suggests recovery in November, especially in London.

Any value above 50 represents economic expansion (positive GDP growth). Anything above 55 is strong. Anything above 60 is very strong.

With the exception of the North East, all regions outperformed their respective five year averages.

Outperformance reaches from 1.2 points in the West Midlands to 11.9 points in London.


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Walter Boettcher

Head of Research and Economics

Research and Forecasting

London - West End

I am the the Chief Economist at global property advisors Colliers International based in London.  I am a research economist identifying timely research topics and directing research and forecasting outputs.

I have over 20 years UK and European property industry experience and extensive expertise across a wide range of property sectors and related industries.

I participate regularly in industry panel discussions, but am focused more on direct client engagement with institutions, property companies, banks, and private investors. A regular media commentator, I have a wide range of national and broadcast experience.

I joined Colliers International in August 2007 after several years at a private property company where he was responsible for managing a mixed portfolio of London residential, retail and office assets.

Previously, I worked in a few London property advisory firms, a geodemographic company as well as a few youthful sojourns in the US offshore oil industry, local government and entertainment business.

I am an economics graduate of the University of Texas at Austin and received his PhD from the Faculty of Science at University College London.  I am a member of Lambda Alpha International and the Society of Property Researchers.

Perhaps best known for my alternative take on property economics and investment, I am a keen proponent of UK regional development and infrastructure investment.

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Oliver Kolodseike

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Oliver is Head of Economic Research and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and, quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

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