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Insights into UK manufacturing

Week in review - July 24 2009

Chanderika Chouhan July 24, 2009 11:56

This week:

 

↓ GDP

The economy contracted by 0.8% in the second quarter, compared with -2.4% in 2009q1. Manufacturing output fell by 0.3%, up from -5.5% in 2009q1.

↑ Budget deficit The UK’s budget deficit rose to £9.9bn in June, up from £5.8bn a year ago.

↑ Retails sales growth Retail sales volumes grew by 0.7% in the three months to June, compared with the previous three months.

MPC minutes The MPC voted unanimously to leave interest rates unchanged at 0.5% and felt it was too early to judge the success of its quantitative easing programme.

For more info check out our weekly Economic Update

 

 

 

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EEF helps manufacturing businesses evolve and compete.  We provide business services that make them more efficient and management intelligence that helps them plan.  Our work with government encourages policies that make it easy for them to operate, innovate and grow.

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