Persimmon's results to reveal state of housing market
The group, which currently has 35 active sites across Scotland, last updated the market in July when it reported a 12 per cent increase in turnover and a 3.5 per cent rise in average selling prices, to £213,000.
But concerns over a squeeze on UK consumers have been mounting in recent weeks as spending power comes under pressure from weak wage growth and higher inflation, leaving fewer consumers willing, or able, to become home owners.
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Hide AdGraham Spooner, an analyst at The Share Centre, said that although sales figures at Persimmon are expected to be strong, investors will be carefully scrutinising its comments.
“Commentary on current market activity will be keenly followed as concerns mount over the economic health of UK consumers,” he said.