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Week in review - 7 August 2009

Lee Hopley August 07, 2009 11:34

Economic data for this week and some arrows pointing up for a change:

 

↑ PMI

Manufacturing and services PMIs rose in July, coming in at 50.8 and 53.2 respectively, indicating an expansion in activity. 
↑ Manufacturing output Official statistics show manufacturing output rose by 0.4% between May and June.
↑ House prices House prices were 1.1% higher in July than in June, according to the Halifax. This was the second increase in three months.
↓ Producer prices Output price inflation fell in June with factory gate prices just 0.2% higher than a year ago. Input prices fell by 3.7%
↑ Money Supply The supply of money in the UK grew by 3.7% in the second quarter. This was a marginal increase from the 2009q1 figure of 3.3%.
MPC meeting The MPC surprised markets by expanding its asset purchase programme by £50bn to £175bn. 

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