Week in Review - 28th October, 2011

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↑ Balance of PaymentsThe UK's current account deficit fell to £2.0bn in 2011q2, from £4.1bn in 2011q1. However, the total trade deficit widened to £6.8bn in 2011q2 from £5.8bn in the previous quarter.
↓GfK NOP Consumer Confidence IndexThe Consumer Confidence indicator fell to -32, from -30, and is now at a level normally associated with recession. Looking ahead there falls in the sub-indices related to consumers' expectations for the economy in the next twelve months and the climate for major purchases.
The week ahead
Mon 31st: Lending to individuals
Tue 1st: GDP (Q3 preliminary estimate); Manufacturing PMI

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