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Economic Briefing - July 2004

A monthly bulletin examining economic trends for engineering, manufacturing and technology-based businesses

EEF has understood the need for the MPC to make earlier increases in interest rates that previously predicted to ensure broader macroeconomic stability.  However, some early signs that the consumer may be responding to recent increases in interest rates have emerged this month.  Therefore, we feel it would be prudent for the MPC to wait and see how these indicators develop before increasing rates further.


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interest rate
laeding global and uk economic indicators
information and research
further information:

Lee Hopley
Economist

lhopley@eef.org.uk

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National Statistics

Bank of England

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Economic Briefing - July 2004

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EEF Limited is the organisation for manufacturing, engineering and technology-based businesses. It is an employers association regulated under Part II of the Trade Union and Labour Relations (Consolidation) Act 1992 and a company limited by guarantee. EEF Limited is registered in England and Wales, registered no 05950172, and its registered office is Broadway House, Tothill Street, London, SW1H 9NQ

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