April\u2019s edition of the Nationwide house price index will be released next Wednesday, as the shakeout from the end of the stamp duty holiday continues. <\/p>\n
March\u2019s data \u2013 which, given the index measures mortgage approvals, not completions, incorporated transactions likely to incur higher stamp duty costs \u2013 saw the index fail to rise for the first time in seven months. Pantheon Macroeconomics thinks the flat growth figure, while below consensus expectations of a 0.2 per cent rise, was \u201cimpressive\u201d given the context. But the outlook remains uncertain: this month\u2019s Rics survey of estate agent sentiment saw the balance of new buyer enquiries fall to an 18-month low of -32. \u00a0<\/p>\n
The Bank of England is now forecast to cut base rates of interest next month, and twice more by the year-end. This won\u2019t necessarily be a boon: the increased pace of loosening would probably reflect economic uncertainty stemming from the US tariff rollout.<\/p>\n
US: <\/strong>Dallas Fed Manufacturing index<\/p>\n Euro area: <\/strong>Consumer confidence, industrial confidence, M3 money supply, services sentiment<\/p>\n UK:<\/strong> BRC shop price index<\/p>\n US:<\/strong> Consumer confidence, goods trade balance <\/p>\n China: <\/strong>Manufacturing\/non-manufacturing PMIs<\/p>\n Euro area: <\/strong>Q1 GDP (preliminary)<\/p>\n Japan:<\/strong> Industrial production, leading economic index<\/p>\n UK:<\/strong> Nationwide house price index<\/p>\n US:<\/strong> Chicago purchasing managers\u2019 index, PCE inflation, Q1 GDP (preliminary)<\/p>\n Japan: <\/strong>BoJ interest rate decision<\/p>\n UK:<\/strong> Consumer credit, mortgage approvals, M4 money supply<\/p>\n US:<\/strong> ISM manufacturing PMI, S&P manufacturing PMI <\/p>\n Euro area: <\/strong>CPI inflation, unemployment<\/p>\n Japan:<\/strong> Unemployment<\/p>\n US:<\/strong> Unemployment<\/p>\n","protected":false},"excerpt":{"rendered":"April\u2019s edition of the Nationwide house price index will be released next Wednesday, as the shakeout from the…\n","protected":false},"author":2,"featured_media":51132,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,3647,1269,2441,391,16,15],"class_list":{"0":"post-51131","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-economics","10":"tag-house-prices","11":"tag-markets","12":"tag-opinion","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114402220070481681","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/51131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=51131"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/51131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/51132"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=51131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=51131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=51131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}