Week in Review - 11th November, 2011 | EEF

Week in Review - 11th November, 2011

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↑ Index of productionThe Index of Production showed that manufacturing output rose by 0.2% in the three months to September. Over the same period total production output rose by 0.4%.
↓UK TradeThe UK's trade in goods deficit rose to £9.8bn in September, compared with £8.6bn in August. Goods exports rose by 0.2% while goods imports rose by 3.8%.
↔ MPC interest rate decisionThe MPC maintained the Bank Rate at 0.5% and the size of the asset purchase programme at £275 billion. The latest round of asset purchases (announced last month) will take another three months to complete.
↑ Producer price indexIn the year to October 2011 input prices for manufacturers rose by 14.1%. This was the lowest annual increase since December 2010. Over the same period, output prices rose by 5.7%.
The week ahead
Tue 15th: Consumer Prices
Wed 16th: Labour Market Statistics; Inflation Report
Thu 17th: EEF Pay Settlements; Retail Sales


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