Situation
- On a monthly basis production remained flat ( contracted by -0.20 % in Apr’07)
- On a yearly basis production has grown by 0.40 % p.a ( contracted by -0.40 % p.a in Apr’07)
Background
- Bank of England has hiked the interest rates for the 4th time since Aug’06 to 5.50%.
- GDP growth rate for Q1 2007 is at 2.86% p.a ( 2.90% p.a in Q4 2006)
Conclusion ( click on image for a better visual) 
- Expected growth of between 0.70 % p.a to -0.70% p.a towards Sept’07
- Expected growth of between 0.50 % p.a to -2.00% p.a from Sept 2007 towards Mid 2008
Related links
- UK - Production - annual growth rate slips to a negative in Mar’07
- Japan - Production grows at a declining rate in Apr’07
- Euro area - Production (IIP) grows in Feb’07
- USA - Production grows in Mar’07 at the slowest pace since Sept’05
- India - Production grows in Mar’07