Week in Review - 3rd June, 2011

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↓ Manufacturing PMIThe manufacturing PMI fell to a twenty-month low of 52.1, though still remains at the above-50 level associated with expansion. Output in consumer goods production contracted sharply and the intermediate goods sectors weakened, though growth in production of investment goods was sustained. Both domestic and export demand were weaker.
↑ Lending to individualsTotal net lending to individuals rose £1.2bn in April. Within the total, lending secured on dwellings rose £0.7bn while consumer credit rose by £0.5bn.
The week ahead
Thu 9th: UK Trade; MPC decision
Fri 10th: Index of production; Producer price index

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