Week in Review - 3rd February, 2012

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↑ GfK NOP Consumer Confidence Index

The consumer confidence index improved to a six-month high, though at -29 it remains depressed. The biggest improvement was in the sub-index for consumers' expectations of the next twelve months. However, there is little evidence from official data that this has started to feed through to economic activity yet.
↑ Manufacturing PMIJanuary's PMI moved back above the 50-level associated with expansion to 52.1, an eight-month high. Output and new orders were both up, though growth in export orders softened slightly.
The week ahead
Thu 8th: MPC interest rate decision; Index of production; UK trade;
Fri 9th: Producer prices


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