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Market News Topics
October 01, 2018 04:17 GMT
MNI Data Survey: BOE Money and Credit; UK PMI & N'Wide HPI
MNI (London)
By Jai Lakhani
LONDON (MNI) - The MNI median points to an August recovery in UK net credit
to stg1.4 bn after dropping to stg0.8 bn in July. Mortgage approvals however are
expected to drop to 64,500 after reaching 64,800 in July. Net mortgage lending
however is expected to tick up to stg3.6 bn from stg3.2 bn previously.
August August August
---------------------------------------------------------
BOE BOE BOE
Net mortgage Mortgage Net Consumer
Lending Approvals Credit
stgbn '000s stgbn
Date Out 01-Oct 01-Oct 01-Oct
MNI Median 3.6 64.5 1.4
Forecast High 3.6 65.0 1.6
Forecast Low 3.0 64.0 1.2
Standard Deviation 0.3 0.3 0.1
Count 4 11 11
Prior 3.2 64.8 0.8
BofAML 3.0 64.5 1.6
Capital Economics N/A 64.0 1.2
Credit Suisse N/A 64.5 N/A
Commerzbank 3.6 64.5 1.3
Deutsche Bank N/A 64.4 1.2
HSBC N/A 65.0 1.3
Investec 3.6 64.6 1.3
Lloyds TSB N/A 65.0 1.4
Nomura N/A 64.6 1.4
Oxford Economics 3.5 64.5 1.4
Pantheon N/A 64.5 1.5
Societe Generale N/A N/A 1.5
The UK September manufacturing PMI is expected to see a further drop from
August's near two-year low reading of 52.8. The MNI median points to a score of
52.5. The construction PMI which was previously 52.9 is expected to drop to
52.7. The UK's ever important services sector is expected to drop a touch to
54.0 but still remain at relatively high levels.
September September September
--------------------------------------------------------------------------------
UK UK UK
MarkitCIPS PMI MarkitCIPS PMI MarkitCIPS PMI
Manufacturing Construction Services
Date Out 01-Oct 02-Oct 03-Oct
MNI Median 52.5 52.7 54.0
Forecast High 53.1 54.0 54.5
Forecast Low 51.8 52.0 53.5
Standard
Deviation 0.4 0.6 0.3
Count 22 12 22
Prior 52.8 52.9 54.3
ABN Amro 52.0 52.0 53.5
BofAML 53.0 53.2 53.8
Capital
Economics 52.0 52.9 54.0
Citi 52.0 52.5 53.8
Credit Suisse 52.0 N/A 54.0
Commerzbank 52.5 N/A 54.0
Deka 52.5 N/A 54.5
Dankse Capital
Markets 52.8 N/A 53.8
Deutsche Bank 52.6 53.3 53.8
DZ Bank 52.5 N/A 53.5
HSBC 53.1 N/A 54.0
ING 53.0 N/A 54.0
Investec 52.5 N/A 54.5
Lloyds TSB 52.5 54.0 53.5
Natixis 52.4 52.2 54.5
Nomura 53.0 N/A 54.0
Nordea N/A N/A N/A
Oxford Economics 53.0 53.5 54.0
Pantheon 52.0 52.5 54.0
RBC 51.8 N/A 53.8
Societe Generale 52.5 52.1 53.9
TD Securities 52.4 53.5 54.0
UniCredit 52.0 52.5 53.8
The Nationwide UK House Price Index for August is on the Tuesday. After a
prior July y/y reading of 2.0%, analysts anticipate a slight drop in August to
1.9%.
August
------------------------------------------------
UK
Nationwide House Price Index
Date Out 03-Oct
MNI Median 1.9
Forecast High 2.3
Forecast Low 1.8
Standard Deviation 0.2
Count 6
Prior 2.0
BofAML 1.9
Capital Economics 2.3
HSBC 1.8
Investec 1.9
Oxford Economics 1.8
Pantheon 1.8
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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