Week in Review - 7th January, 2011

Subscribe to Campaigning blog feeds

Published

↑ Manufacturing PMIThe manufacturing PMI rose to 58.3 in December, marking a second sixteen-year high. This was well above the non-recession average of the series, which is 52.8. Average input price pressures hit a 19-year high.
↑ Lending to individualsTotal lending to individuals rose £0.7 billion (0.0%) in November. Within the total, lending secured on dwellings rose £0.8 billion in November, compared to a £1.2 billion increase in October. Consumer credit fell by £0.1 billion in November, compared to a £0.3 billion increase in October.
↔ Credit conditions Lenders reported that the availability of secured credit to households was broadly unchanged in 2010q4. Demand for secured lending for house purchase had fallen markedly in 2010q4 and was expected to fall further in 2011q1. Over the previous three months, households' demand for credit card lending was reported to have been unchanged while demand for non credit card lending fell. The overall availability of credit to corporates was broadly unchanged in 2010q4 and was expected to remain broadly unchanged in 2011 Q1. Demand for credit was broadly unchanged in 2010q4.
The week ahead
Wed 12th: UK Trade; REC report on jobs
Thu 13th: Index of Production; MPC rate decision
Fri 14th: Producer Price Index

Author

This person has now left EEF. Please contact us on 0808 168 1874 or email us at enquiries@eef.org.uk if you have any questions.

Other articles from this author >
Online payments are not supported by your browser. Please choose an alternative browser or make payments through the 'Other payment options' on step 3.