mpc.theyserveforyou.com

mpc: 13 The signs were that output was continuing to grow at around trend in 2005 Q1. The Chartered Institute of Purchasing and Supply (CIPS) services measure had changed little in recent months, including January, and was consistent with stronger growth in that sector than expected at the time of the November Inflation Report. The various indicators of activity in manufacturing, such as the CIPS indicators of output and new orders and the CBI Industrial Trends Survey, had been weaker than those for services, but still suggested that modest growth was continuing in Q1. Reports from the Bank's regional Agents corroborated this picture.