UK Economic Brief for June 2004
Series: RICS UK Economic Brief ; 16 June 2004 (2)Publication details: 2004Subject(s): Summary: Interest rate increases appear to signal the Bank of England's concern about the destabilising effects of the continued strength of the housing market and consumer borrowing. Activity in the construction sector in the first quarter 2004 showed a modest slowdown but output rose by an outstanding year-on-year 9.1%. UK house price rises continue to be robust, defying those economists who predicted a housing market crash. The Australian market experience points for some to a probable slowdown here but not necessarily a precursor of a deeper downturn. The June "UK economic brief" is available at http://www.rics.org/downloads/brief/ebJun2004.pdf. http://www.rics.org/ricscms/bin/show?class=Brief&t emplate=/includes/showbrief.html&id=615| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4025-08 (Browse shelf(Opens below)) | 1 | Available | 126631-1001 |
Interest rate increases appear to signal the Bank of England's concern about the destabilising effects of the continued strength of the housing market and consumer borrowing. Activity in the construction sector in the first quarter 2004 showed a modest slowdown but output rose by an outstanding year-on-year 9.1%. UK house price rises continue to be robust, defying those economists who predicted a housing market crash. The Australian market experience points for some to a probable slowdown here but not necessarily a precursor of a deeper downturn. The June "UK economic brief" is available at http://www.rics.org/downloads/brief/ebJun2004.pdf. http://www.rics.org/ricscms/bin/show?class=Brief&t emplate=/includes/showbrief.html&id=615