Monday June 29, 04:05 AM
UK DATA WEEKAHEAD-Housing data and PMIs main focus in heavy week
LONDON, June 26 (Reuters) - Following are some of the key
British economic indicators to be released in the coming week.
CONSUMER CREDIT (MAY)
Monday, June 29 at 0830 GMT
Forecast Previous
Consumer credit (Stg bln) 0.25 0.314
Mortgage credit (Stg bln) 1.1 0.973
Mortgage approvals 46,000 43,201
Bank of England data is expected to show a further increase
in mortgage approvals in May, though levels are still barely
half the 75,000 a month which economists believe is consistent
with rising house prices.
Net mortgage lending is forecast to increase slightly, while
consumer credit is seen remaining at a very low level.
FOR PREVIOUS STORIES, CLICK ON
GFK CONSUMER CONFIDENCE (JUN)
Tuesday, June 30 at 0001 BST (Monday, June 29 2301 GMT)
Forecast Previous
Consumer confidence index -25 -27
Consumer confidence is expected to improve slightly, having
held steady for the two previous months.
FOR PREVIOUS STORIES, CLICK ON
NATIONWIDE HOUSE PRICE SURVEY (JUN)
Tuesday, June 30 at 0600 GMT
Forecast Previous
House price change m/m (pct) -0.4 1.2
House price change y/y (pct) -10.8 -11.3
The Nationwide index is likely to show house prices resumed
their decline after May's surprise price rise.
FOR 2009 HOUSE PRICE FORECASTS, CLICK ON
FOR GUIDE TO UK HOUSE PRICE SURVEYS, CLICK ON
GDP (FINAL ESTIMATE Q1)
Tuesday, June 30 at 0830 GMT
Forecast Previous
GDP growth (qq) -2.1 -1.9
GDP growth (yy) -4.3 -4.1
Economists expect first-quarter growth to be revised lower
on both a quarterly and an annual basis after Q1 construction
data was revised sharply downwards.
FOR PREVIOUS STORY, CLICK ON:
BALANCE OF PAYMENTS (Q1)
Tuesday, June 30 at 0830 GMT
Forecast Previous
Current account (bln stg) -6.8 -7.641
FOR PREVIOUS STORIES, CLICK ON
MANUFACTURING PMI (JUN)
Wednesday, July 1 at 0828 GMT
Forecast Previous
PMI 46.5 45.4
Manufacturing activity is expected to have declined further
in June, though at a slower pace than in May, in the CIPS/Markit
purchasing managers' survey, despite a surprise increase in
industrial output according to April's official figures.
FOR PREVIOUS STORIES, CLICK ON
SERVICES PMI (JUN)
Friday, July 3 at 0828 GMT
Forecast Previous
Business activity 52.0 51.7
Analysts are expecting activity in the non-retail private
sector services industry to have increased further in June's
CIPS/Markit purchasing managers' survey, after unexpectedly
returning to growth in May.
FOR PREVIOUS STORIES, CLICK ON
HALIFAX HOUSE PRICE SURVEY (JUN)
TBC, expected one morning of June 29 week at 0800 GMT
Previous 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 surprise rise in May, their biggest increase
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; editing by Patrick Graham)
Keywords: ECONOMY BRITAIN WEEKAHEAD
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