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Up again in July to 55.1.

There area phrases like "hiring spree" and "scrambling to keep up with booming global order book".

I'm sure everyone on here will greet this unbridled good news with joy.
(08-03-2017, 07:56 AM)Protheroe Wrote: [ -> ]Up again in July to 55.1.

There area phrases like "hiring spree" and "scrambling to keep up with booming global order book".

I'm sure everyone on here will greet this unbridled good news with joy.

Absolutely you can see the people dancing in the streets to this news on how its changing there life.
I guess this is the reason the BOE reduced their estimate of GDP growth from 1.9% to 1.7% for this year and suggested that the BREXIT uncertainly is causing investment to remain very weak
The BoE has its own agenda which is hardly benign. They're also the same organisation that forecasted a recession immediately following any Brexit vote, so you'll excuse me if I view their political games for what they are.
(08-03-2017, 04:40 PM)Protheroe Wrote: [ -> ]The BoE has its own agenda which is hardly benign. They're also the same organisation that forecasted a recession immediately following any Brexit vote, so you'll excuse me if I view their political games for what they are.
Manufacturing is 10% of our GDP:

http://data.worldbank.org/indicator/NV.IND.MANF.ZS

So a slight increase in that index is pretty much meaningless. You would think a 15% devaluation would lead to improved exports but in reality all it's done is increased the value of our imports hence the trade balance is in terrible shape. Hence we are all worse off which is exactly what about 90% of academic economists said would happen.
REMOANER, TALKING US INTO RECESSION
(08-04-2017, 10:09 PM)logic1 Wrote: [ -> ]
(08-03-2017, 04:40 PM)Protheroe Wrote: [ -> ]The BoE has its own agenda which is hardly benign. They're also the same organisation that forecasted a recession immediately following any Brexit vote, so you'll excuse me if I view their political games for what they are.
Manufacturing is 10% of our GDP:

http://data.worldbank.org/indicator/NV.IND.MANF.ZS

So a slight increase in that index is pretty much meaningless. You would think a 15% devaluation would lead to improved exports but in reality all it's done is increased the value of our imports hence the trade balance is in terrible shape. Hence we are all worse off which is exactly what about 90% of academic economists said would happen.

There you go then love:

"The IHS Markit/CIPS Services PMI Business Activity Index in the UK rose to 53.8 in July 2017 from 53.4 in the previous month and above market expectations 53.6."

Be honest Logic1 - Our trade balance would still be in terrible shape even without devaluation, wouldn't it? It doesn't take an "academic economist" to work that out.
I guess for most people though the fact that inflation is now up to 2.9% should be happy that the index's are positive.
It'll help them pay for the things they need
<Sigh>

The BoE has been trying to create inflation since 2008. If we won't take 'cuts' or pay more tax then the only policy option left to the state is to inflate the debt away.

Oh, and we all pay for that as well...
Oops, how did that happen?


Quote:The UK's manufacturing industry smashed expectations in August, after data showed activity in the sector jumped to a four-month high.
[quote pid='143239' dateline='1505758711']
Oops, how did that happen?


Quote:The UK's manufacturing industry smashed expectations in August, after data showed activity in the sector jumped to a four-month high.

[/quote]

Zzzzz try again. More sneaky stat selection...it depends on your starting point doesn't it. Even a budding child statistician can tell you that a 4 month comparison means absolutely diddly squat in terms of a trend.

D+ Must do better
@strawclutching



Also from Cityam

The UK's manufacturing industry recorded its first "significant" month of growth this year in July as production expanded by 0.5 per cent, new figures released today reveal.
A sharp 13.7 per cent rise in car production during the month was behind the increase, according to the Office for National Statistics (ONS). That was the fastest rise recorded in official data on the car industry since March 2009, with new models contributing to the growth.
The figures provide the first signs of a pick-up for British industry, after production slumped by 0.3 per cent over the second quarter of 2017, according to the ONS's GDP estimates. Some economists had expected the devaluation of sterling to prompt a manufacturing renaissance, which has so far been absent.
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