Week in Review - 6th May, 2011

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↓ Manufacturing PMIThe PMI for manufacturing fell back to 54.6 in April, though the series has now been above the neutral mark of 50.0, which signals expansion, for 21 months. Price pressures were still apparent, with the rate of inflation on factory gate prices only slightly below March's record high.
↑ Lending to individualsData from the Bank of England showed that total net lending to individuals rose by £0.5bn in March. Within the total, mortgage lending was up by £0.4bn, and consumer credit rose by £0.1bn.
↔ MPC decisionThe Monetary Policy Committee held the Bank rate at 0.5% and the stock of asset purchases at £200bn.
↑ PPIInput prices rose by 17.6% in the year to April, up from 14.8% the month before. This is the fastest rise since September 2008, and was largely driven by the cost of crude oil and fuel. Output prices also rose, by 5.3%, though this was down a little from 5.6% last month.
The week ahead
Wed 11th: UK Trade
Thu 12th: Index of Production

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