Week in Review - 4th November, 2011

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↑ GDP (Q3 preliminary estimate)UK GDP grew by a better than expected 0.5% in the third quarter of 2011. Manufacturing output grew 0.2% in 2011q3 and services output grew by 0.7%, but output in the construction sector contracted by 0.5%.
↓Manufacturing PMIOctober's manufacturing PMI fell back below 50 meaning that it is at a level associated with contraction. Demand showed continued signs of weakness as the Eurozone crisis hit customers' confidence, something that is likely to remain an issue for manufacturing in the next few months.
The week ahead
Tue 8th: Index of production
Wed 9th: Trade
Thu 10th: MPC interest rate decision
Fri 11th: Producer price index


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