Week in Review - 9th September, 2011

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↓ EEF Business TrendsDespite experiencing significant disruptions in the last three months manufacturers remained positive in this quarter's Business Trends survey. Output and orders were in line with last quarter's expectations, but the outlook for growth has become more mixed.
↑ Index of productionManufacturing output rose by 0.1% in July, and was up 1.9% from July 2010. Output is in the sector is now 9.3% below its pre-recession high.
↔ MPC rate decisionThe MPC held the Bank Rate at 0.5% and the size of the asset purchase programme at £200bn.
↑ Producer PricesInput prices for manufacturers rose 16.2% in August, compared with a rise of 18.3% in the year to July.
The week ahead
Tue 13th: Consumer Prices
Wed 14th: Labour Market Statistics
Thu 15th: Retail Sales


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