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mpc: 8 In the United States, GDP was reported to have grown by 0.8% in 2004 Q4; allowing for a known error in data for trade with Canada, the true rate of growth might have been slightly higher. This continued the recent pattern of growth at or above trend. Core inflation, however, had changed little. There had been a sharp fall in the Institute of Supply Management's non-manufacturing PMI in January, but that had followed a sharp increase in December. The non-farm payrolls data showed an increase of 146,000 in January, somewhat below market expectations, but consumer confidence had risen according to the latest Conference Board survey.