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Economic Briefing - June 2004

A monthly bulletin examining economic trends for engineering, manufacturing and technology-based businesses
Whilst manufacturers still face significant cost pressures, given the increasing signs of a strengthening recovery in manufacturing, as well as stronger, wider economic indicators, we recognise that the Bank of England may feel it is necessary to increase interest rates this week. We believe companies will view this is in the interests of longer term economic stability on the basis that they would prefer to see a smaller rise now, rather than a larger and more damaging 'shock' rise later on.

meta description:

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

lhopley@eef.org.uk

related links

National Statistics

Bank of England

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Economic Briefing - June 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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