mpc:
7
similarly, from -7 to -17 in September. Total new car registrations had weakened further, with
registrations in July and August 5.8% lower than a year earlier.
A27 House prices had been broadly flat over the previous six months. Despite a 0.4% rise in
September, the annual growth of the Nationwide house price index had eased to 10.2% in
September, from 11.2% in August. The Halifax index had risen by 1.6% in September, after a 0.5%
rise in August, increasing the annual growth rate by 1.8 percentage points to 9.2% in September.
Particulars delivered had risen slightly to 121,000 in August, slightly below the level a year earlier.
The House Builders Federation (HBF) survey balances for the annual change in site visits and net
reservations had remained strongly negative. But the Royal Institution of Chartered Surveyors
(RICS) survey had reported an increase in the average number of sales per estate agent to 29 in
August from 25 in July.
A28 `Other' central government current expenditure in July and August had averaged £16 billion,
compared with a monthly average of £16.7 billion in Q2 (not seasonally adjusted).
A29 The volume of goods imported in the three months to July had risen by 3.5% compared with
three months earlier and had increased by 2.3% in July alone. The volume of goods exported had
grown more slowly: it had fallen by 1.1% in July, leaving three-month growth at 2.6%. But data
for August showed a 7.9% increase in exports to the non-EU area. The CIPS manufacturing survey
balance for export orders was 50.6 in September.
A30 Total industrial production had grown by 0.6% in August. Within this, manufacturing output
had grown by 0.8%, reflecting particularly strong growth in the electrical and optical sector of
engineering, which had grown by 4.1% on the month. Upward revisions to energy sector output in
July had increased total industrial production growth in that month to +0.4% from -0.1%. The
CIPS manufacturing survey activity balance had been 51.6 in September and had remained broadly
stable since July, despite the impact of the disruption to petrol supply. In contrast, the CIPS
services activity balance had fallen back to 55 in September after having risen slightly in August.
The CIPS construction activity index had fallen to 58 in August but had picked up to 60 in
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