It would have been easy, in a month affected by an extra bank holiday and other disruptions, to expect grim readings from the consumer sector. But house prices rose by 1% in June, according to the Halifax, and were down a modest 0.5% in the latest three months compared with a year earlier. This points to a flattening of prices over the past year: in May 2011 they were falling by an annual 4.2%.
Car sales, mean while, continued to defy expectations, a 3.5% rise in new car registrations in June - to 189,514 - driven by a 9.8% rise in private car registrations. More here.