Manufacturing Output Soars; Rapid Growth in Orders Paves Way for Rate Hike
The Herald › February 03, 2004
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Summary
UK manufacturers enjoyed a flood of orders last month, and expanded workforces at the fastest pace for six years to cope, according to a survey yesterday which paves the way for an interest rate rise on Thursday.
Economists, however, dismissed talk that the Bank of England's monetary policy committee might raise rates by a half-point this week. They pointed out that MPC members' continued emphasis of a gradual approach signalled a quarter-point increase to 4%.See the full content of this document
Extract
Manufacturing Output Soars; Rapid Growth in Orders Paves Way for Rate Hike
There remains a very outside chance that the MPC might hold rates steady.
The Chartered Institute of Purchasing and Supply's new orders index leapt from 58.0 in December to 60.2 in January - indicat...See the full content of this document
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