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Inflation Expectations in Manufacturing Industry
Author(s) -
Robson Paul
Publication year - 1997
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.00075
Subject(s) - pound (networking) , economics , inflation (cosmology) , measure (data warehouse) , survey data collection , macroeconomics , financial economics , computer science , statistics , physics , mathematics , database , theoretical physics , world wide web
Firms’ expectations regarding the future are useful in understanding economic behaviour and can be used to produce short term forecasts. In this article, Paul Robson examines how price expectations can be derived from business surveys and uses survey data from the CBI Industrial Trends Survey to generate a measure of manufacturers’ price expectations. This series can be used to tell us how the view of firms about future inflation trends has been changing and how firms are now responding to the strength of the pound.