Week in review - 13th January, 2012

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↓ UK TradeThe UK's trade in goods deficit was £8.6bn in November, compared with £7.9bn in October. This was driven by a fall in exports to non-EU countries combined with an increase in imports from the EU.
↔ MPC decisionThe Monetary Policy Committee voted to maintain the base rate at 0.5% and size of the asset purchase programme at £275 billion. The latest round of asset purchases (announced in October) will take another month to complete.
↓ Index of ProductionManufacturing output fell by 0.2% in the month to November 2011, and total production industries output fell 0.6%.
↓ Producer pricesInput prices for manufacturers fell 0.6% between November and December 2011. The annual rate of increase in input prices eased to 8.7% in December, the lowest rate since October 2010.
The week ahead
Tue 17th: Consumer prices
Wed 18th: Labour Market Statistics
Thu 19th: EEF Pay Settlements
Fri 20th: Retail sales; Trends in Lending


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