A trio of economic reports suggests an increased rate rise from the Bank of England next week is more likely, according to analysts.
The Confederation of British Industry (CBI), the Land Registry, and the Chartered Institute of Purchasing and Supply (CIPS) - together with the Royal Bank of Scotland (RBS), all published data suggesting buoyant retail, housing and manufacturing markets.
Analysts say the strength of the reports are testament to a thriving economy and say price pressures are building.
The Bank of England is set to announce any interest rate rises at a meeting on May 10.
The latest figures from the CBI show retail sales grew at their strongest rate for almost three years in April.
A net 44% of retailers said sales volumes were higher than a year ago, the strongest balance since May 2004.
The statistics show retailers selling home products DIY hardware made the best ground, although food and footwear also fared well.
John Longworth, executive director of Asda and chairman of the CBI's distributive trades survey panel, says: “Retailers were helped by buoyant Easter trading and unusually warm weather, which may have boosted sales in sectors like groceries and DIY.
“Looking ahead, retailers expect demand to remain strong as we head into the summer and the recent trend of healthy sales growth looks set to continue.”
The latest data on the housing market from the Land Registry showed house prices rose by 1% in March to stand 8.3% higher than a year earlier, one of the highest annual rises in almost two years. The average price of a home in England and Wales is now £178,423.
Although manufacturing activity slowed last month, new figures show firms pushed through price increases at a near-record rate.
The CIPS/RBS purchasing managers' index - a measure of overall factory activity - was 53.9 in April, down from 54.2 in March but above the 50 “no change” level.
But the output prices index rose to 56.8, just shy of February's record 56.9.
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