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Economic Briefing - May 2004

A monthly bulletin examining economic trends for engineering, manufacturing and technolog-based businesses
Last month’s decision to keep rates on hold was finely balanced, but most analysts are predicting a rate rise will come in May.

However, inflation continues to remain well below target but issues surrounding household debt and the housing market remain.

We again call for the MPC to leave rates on hold and avoid any policy action that would disrupt the recovery in manufacturing and put upward pressure on Sterling.

meta description:

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

lhopley@eef.org.uk

related links
National Statistics

Bank of England

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Economic Briefing: May 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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