Week in Review - 2nd December, 2011

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↑ Lending to individualsTotal net lending to individuals rose by £1.3bn in October, with lending secured on dwellings rising by £1.3bn and consumer credit broadly unchanged.
↔ GfK Consumer Confidence indexThe Consumer Confidence indicator edged up slightly from to -32, from -31, though this remains an exceptionally low level. Consumers felt that the environment for making major purchases had improved slightly however, they were more concerned with the outlook for the next twelve months.
↓Manufacturing PMINovember's manufacturing PMI was close to a two-and-a-half year low of 47.6. Demand became weaker in domestic and external markets, with consumer-facing companies experiencing the sharpest contraction. One result of this is that companies reported a fall in input prices in November.
The week ahead
Tue 6th: Annual Survey of Hours and Earnings (ASHE)
Wed 5th: Index of production
Thu 8th: MPC rate decision
Fri 9th: UK Trade; Producer Price Index


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