Bidaily Economics Roundup – Wednesday 4th August

Data released over the last few days;

2nd August: PMI Construction – slowed to a four month low in July – to 54.1 from 58.4

3rd August: CIPS Manufacturing Index for July – looks strong at 57.3 beating forecast of 57.0 – the Guardian however picks up on the detail inside those figures which showed an export slowdown

3rd August: British Retail Consortium July Shop Price Index – annualised at 2.5% in July compared to 1.7% in June – “due to higher animal feed and wheat costs, and strong rises in the price of other commodities such as palm oil, ed cocoa and soya oil”.

4th August: Halifax House Price Index for July – up 0.6% compared to an expected fall of 0.3%.

4th August: Service sector growth slows to 13 month low – according to the CIPS – the index of activity fell from 54.4 in June to 53.1 in July