UK Economics

UK Data Response

1 May, 2018

Manuf. PMI (Apr.) & Money and Credit Statistics (Mar.)

The latest Markit/CIPS Manufacturing Survey suggested that the sector struggled to re-gain much momentum at the start of Q2. Meanwhile, the Bank of England’s Money and Credit figures revealed a worrying slowdown in consumer credit. This further reduces the chances that the Monetary Policy Committee (MPC) hikes interest rates at next week’s meeting.

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