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  • The underlying value of planning approvals fell by 6% over the three months to May, according to the latest Glenigan data.

UK Economy

  • The ONS’s producer price index showed that the price of home sales of manufactured products rose by 2.3% in June.
  • The Bank of England reported that the value of mortgage lending by the major UK lenders for house purchases was £5.6bn in May, compared to £5bn in April. 
  • The Bank of Scotland Purchasing Managers’ Index showed that the Scottish private sector expanded quicker in June, with “job creation returning after employment levels stagnated in May”.

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