There isn’t much to report in these monthly statistical releases so I guess we will have to examine trends over 12 months or more to get any useable information. Still, at least the information is available now, even if it is so cautious that it is not very exciting.
- More workplaces, weighted by employment, reported higher rather than lower output in April 2012 compared with January 2012
- The balance of expectations for output in July 2012 compared with April 2012 is positive across all regions, ranging from 21% to 36%
Labour costs, employment expectations and output prices were pretty much unchanged or neutral.