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Comment & Analysis

Friday July 3, 03:46 PM
UK DATA WEEKAHEAD-BoE verdict and factory output in focus

LONDON, July 3 (Reuters) - Following are some of the key British economic indicators to be released in the coming week. INDEX OF PRODUCTION (MAY) Tuesday, July 7 at 0830 GMT Forecast Previous Manufacturing (mm, pct chg) 0.2 0.2 Manufacturing (yy, pct chg) -11.8 -12.7 Industrial prod (mm, pct chg) 0.2 0.3 Industrial prod (yy, pct chg) -11.3 -12.3 Economists expect factory output to have increased for a second month in a row in May, despite the CIPS/Markit purchasing managers' index for the month pointing to a further fall in activity. FOR PREVIOUS STORIES, CLICK ON TRADE BALANCE (MAY) Thursday, July 9 at 0830 GMT Forecast Previous Global goods trade bal (bln stg) -3.9 -4.139 Non-EU goods trade bal (bln stg) -6.75 -7.003 Britain's trade deficit is forecast to have narrowed further in May, as the benefit from past falls in the strength of sterling and reduced domestic consumption outweighs weaker overseas demand. FOR PREVIOUS STORIES, CLICK ON BANK OF ENGLAND RATE DECISION (JULY) Thursday, July 9 at 1100 GMT Forecast Previous Repo rate (pct) 0.50 0.50 Economists expect the BoE to keep rates on hold, and many predict that the central bank will expand its 125 billion pound quantitative easing policy by a further 25 billion to the maximum permitted without further finance ministry approval. For recent MPC (A050540.KQ - news) comments: For a chronology of votes: For a checklist of recent data: For what the Bank has to weigh up: For previous rate decision stories: PRODUCER PRICES (JUNE) Friday, July 8 at 0830 GMT (pct change) Forecast Previous PPI output price mm (nsa) 0.3 0.4 PPI output price yy -0.8 -0.3 Core (Berlin: LJ1.BE - news) output price mm 0.2 0.2 Core output price yy 1.1 1.2 PPI input price mm (sa) 0.8 0.4 PPI input price yy -12.2 -9.4 Factory gate prices are expected to have increased modestly over the month but to be down on a year ago after sharp falls in the cost of raw material over the past 12 months. FOR PREVIOUS STORIES, CLICK ON HALIFAX HOUSE PRICE SURVEY (JUN) (expected during week) Forecast Previous House price change m/m (pct) -0.7 +2.6 House price change 3m/y (pct) -14.7 -16.3 The Halifax index is likely to show house prices fell again in June after a rising unexpectedly in May by the biggest amount since 2002. FOR 2009 HOUSE PRICE FORECASTS, CLICK ON FOR GUIDE TO UK HOUSE PRICE SURVEYS, CLICK ON FOR PREVIOUS STORIES, CLICK ON (Reporting by David Milliken) Keywords: BRITAIN ECONOMY/WEEKAHEAD

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3680.00
-1.34%
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4.51
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