Below the headline data there are some positive features that should not be overlooked.
More Quotes from Howard Archer:
The disappointing decline in manufacturing output is most unlikely to sway the Bank of England from leaving interest rates unchanged on Thursday.Howard Archer
The slowdown in euro zone growth will not deter the ECB from raising interest rates in March and a further hike remains very likely in June.
Howard Archer
The euro zone's upturn is still young and relatively fragile with significant question marks still hanging over the long-term strength of domestic demand.
Howard Archer
This is likely to reinforce the central bank's concern that any further trimming of interest rates could excessively stimulate the housing market and risk send housing prices markedly higher.
Howard Archer
Relatively subdued consumer spending, intense domestic and international competition, and high input costs continue to dampen ... the sector.
Howard Archer
The testimonies to the Treasury Select Committee reinforce the impression that interest rates are set to remain on hold for several months to come.
Howard Archer
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