Week in Review - 4th March, 2011 | EEF

Week in Review - 4th March, 2011

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↑ GfK NOP Consumer ConfidenceGfK NOP's Consumer Confidence Index remains low, though it improved slightly in February, rising by one point to -28. There were small increases in three of the five sub indices but public perception of the general economic situation over the last 12 months and over the next 12 months decreased by one point each.
↔ Manufacturing PMIThe manufacturing PMI remained at 61.5 in February, equaling last month's record high (which was revised down from 62.0). Inflationary pressures remained elevated with the rates of increase in output prices and input costs near to their respective record highs.
↑ Lending to individualsTotal net lending to individuals rose £1.5 billion in January. Within the total, lending secured on dwellings rose £1.8 billion while consumer credit showed a net repayment of £0.3 billion.
The week ahead
Mon 7th: EEF's Business Trends
Wed 9th: UK Trade
Thu 10th: Index of Production; MPC rate decision
Fri 11th: Producer Prices


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