In the minutes of the Bank of England's monetary policy meeting in February, seven of the nine members of the bank monetary policy committee (MPC) to support the scale of bond purchases to expand 50 billion pounds World Steel Pipe News , but most members thought that the recent UK economic data at home and abroad will be better than expected. Bank of England governor Mervyn King warned last week, the the headwind momentum of Britain's economic prospects are enhanced if the economy continues to worsen, the Bank of England intends to expand the quantitative easing policy to stimulate the economy.
Last week, the latest data show that the United Kingdom in January this year, the manufacturing purchasing managers index (PMI) rose to 52.1, higher than expected 50.0, and the highest level since May 2011.
Office for National Statistics released the latest data on the 24th, said the fourth quarter of last year, the ring by the amended British gross domestic product (GDP) fell 0World Steel Pipe .2%, in line with the initial value of the expected; quarterly GDP, an increase from the year-on-year rise of 0.8 % to an increase of 0.7%. Office for National Statistics said that the season UK economy to shrink, mainly manufacturing and construction output fell and business investment. 2011 as a whole, UK GDP growth of 0.8%, less than the initial value of 0.9% increase.
The data show that the fourth quarter of last year, the British gross business investment, the chain fell 5.6 percent, significantly weaker than the ring since the first quarter of 2011 decreased the expected value of 0.4, and create qoq.
But analysts say this year economic outlook remains hopeful that the UK will avoid a recession this year, optimism is growing. The Confederation of British Industry (CBI), British economic growth in the second half of this year will heat up. CBI in the United Kingdom, economic growth made in November last year, 1.2% down to an increase of 0.9 percent in the latest economic forecast. The agency believes that the first two quarters of this year, UK GDP will grow by 0.2 percent after two quarters of the country's economic growth will increase to 0.6% and 0.5%.
At the same time, the Office for National Statistics last year's first quarter and third quarter GDP growth were to make a downward revision of the third quarter GDP chain correction increased by 0.6% qoq to 0.5% by the year-on-year rise of 2.5% Fixed an increase of 2.4%; first quarter GDP chain rose 0.4% correction for the chain rose 0.3 percent.