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[UK] Housing, Manufacturing, and Credit All Beat as BoE Gets Boxed In from Both Sides
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[UK] Housing, Manufacturing, and Credit All Beat as BoE Gets Boxed In from Both Sides

Macro Soup Newsroom Macro Soup Newsroom 3 min read

UK April data beat across housing, manufacturing, and credit: Nationwide house prices +0.4% MoM vs. -0.3% forecast, Manufacturing PMI 53.7 vs. prior 51.0, and mortgage lending £6.15B vs. £4.20B expected. The BoE's rate-cut path just got more complicated.

Chart illustrating relative house price performance of Wales vs England and Wales since January 2020
This chart highlights the rebound in UK house prices, showing Wales' prices have risen 30.7% compared to the national average of 22.0%, aligning with the reported Nationwide HPI growth. Source

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