INSTANT VIEW: Mortgage approvals fall

LONDON (Reuters) - Mortgage approvals fell for the 12th straight month to hit a series low in July, the

Bank of England said on Monday, pointing to further sharp falls in house prices in the coming months.

Separately, Britain's manufacturing sector shrank for the fourth month in a row in August as demand from home and abroad fell, a survey showed on Monday, in a further sign the economy is edging towards a recession.

However, Bank of England policymakers may be concerned to see further evidence of inflationary pressures building in the sector.

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KEY FIGURES FOR CIPS/MARKIT UK MANUFACTURING PMI SURVEY

Aug July Forecast

Manufacturing activity 45.9 44.1* 44.0

* July figure was revised from originally published 44.3