Economic Briefing - July 2008
EEF's monthly bulletin examines economic trends for manufacturing, engineering and technology-based businesses.
The Bank should keep rates on hold this month, as a slowing economy and wage moderation should help prevent inflationary pressures from becoming entrenched. But if the economic downturn continues to gather pace the Bank needs to be ready and willing to cut rates once again .
In this issue:
- Interest rates
- Inflation
- Food and energy prices
- Labour market
- Manufacturing
- GDP growth