Week in Review - 2nd March, 2012

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↔ GfK NOP Consumer Confidence IndexThe consumer confidence index remained stable at the low-level of -29. Although consumers felt that the climate for major purchases was less positive, this may be a seasonal factor following the January sales. It was also offset by an improvement in sentiment about the state of the economy and personal finances over the coming year.
↓ Manufacturing PMIThe manufacturing PMI fell back a little, to 51.2, but remained above the 50-level associated with expansion in the sector. Production increased for the third month in a row, and orders remained stable, with weakness in Europe offset by increased demand in the US and Asia.
The week ahead
Thu 8th: MPC decision
Fri 9th: Index of Production; UK Trade; Producer Price Index

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