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Insights into uk manufacturing - the real economy

Week in Review - 05 June 2009

Jeegar Kakkad June 05, 2009 16:17

Key data released this week and our weekly economic update:

 ↑  PMI

The manufacturing, services and construction PMIs all climbed higher in May.  The services PMI rose above 50, marking growing activity for the first time in over a year.

↓  Producer prices Output price inflation turned negative in May and factory gate prices fell 0.4% year on year. 
↓  House price inflation

House prices are 16.3% lower than a year ago, but
the rate of decline eased in May, according to the
Halifax.

↑  Mortgage lending The number of loans approved for house purchase increased to 43,201 in April – the highest for a year.
MPC decision

The MPC voted to hold interest rates at 0.5%
and continue with its £125bn quantitative easing programme.

Tags:

Rebalancing

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