Latest Inflation Report For November 2011 In The UK From The Bank Of England
23rd November 2011
... Comments

The annual growth rate of nominal spending on consumer goods and services remained very weak.

• The level of activity in the housing market remained subdued, with less of a pickup than usual after the


• Investment intentions pointed to a further modest increase in spending on capital over the coming year.

• Exports of goods continued to grow steadily, although there had been some slowing in orders reflecting

both softer world demand and rising uncertainty.

• Manufacturing output was still growing compared with a year earlier, but the pace of growth had been

declining for some months.

• The growth rate of business services turnover had also fallen over the past few months, due to weakness

in professional and financial services.

• There had been a slight contraction in construction output, compared with a year earlier, and activity was

expected to fall further.

• Firms in a strong financial position could access credit on competitive terms, but small businesses often

reported that conditions remained tight, and in some cases had become tighter.

• Employment intentions had softened recently, with increasing uncertainty leading to greater caution in

some cases.

• The level of capacity utilisation was around normal in manufacturing, but had fallen a little over the past

few months. There remained a degree of slack in services.

• Total labour cost growth remained modest, and slowing activity had lessened upward pressures on pay.

• Raw materials costs inflation continued to fall back.

• Import price inflation had levelled off, albeit at a high rate, following the easing in materials cost


• Manufacturing output price inflation continued to rise steadily, while inflation in business services was

more restrained.

• Annual inflation for consumer goods and services remained elevated

For the full report follow the link HERE!

About the Author

Thebestof L

Member since: 2nd July 2012

I am the local Leicester word of mouth specialist. I bring great ways to generate more local business but only for those who provide superb service to their customers.
I love helping others and enjoy...

Popular Categories