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Brexit, the economy and house prices (Part 3)

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Comments

  • Quasar
    Quasar Posts: 121,720 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    A_Medium_Size_Jock wrote: »
    Another desperate attempt.
    :rotfl:
    Good news my wotsit - though yes it is better news for Italy regarding growth than they have had for ....... tell us how many years please? ;)

    Here are the figures for the year to June; Italy 1.2% - UK 1.7%. *1.
    Do you really expect acceptance that Italy is somehow doing better than the UK with those statistics?
    :rotfl:

    For 2016, Italy growth = 0.8%
    For 2016 UK growth = 1.8%
    *2
    It seems pretty obvious then why any growth in Italy is seen as newsworthy, doesn't it?


    *1 : https://tradingeconomics.com/country-list/gdp-annual-growth-rate?continent=europe

    *2 : https://en.wikipedia.org/wiki/List_of_European_Union_member_states_by_GDP_growth

    To be fair to mayonnaise, he/she has NOT said anything about Italy doing better than the UK - just that in that country things are getting a bit better. But perhaps you can point out where the comparison was actually made? Thanks. :)
    Be careful who you open up to. Today it's ears, tomorrow it's mouth.
  • A_Medium_Size_Jock
    A_Medium_Size_Jock Posts: 3,216 Forumite
    Quasar wrote: »
    To be fair to mayonnaise, he/she has NOT said anything about Italy doing better than the UK - just that in that country things are getting a bit better. But perhaps you can point out where the comparison was actually made? Thanks. :)
    Also to be fair then I posed a question, "do you really expect ..." rather than stating that the poster had said. ;)

    The links for the comparisons I give are included in my post (which you copied BTW) but if you want figures for that period alone, the second quarter, they are given in Mayo's post.

    Without wishing to decry Italy's modest improvement it strikes me as very strange that this should be so notable for some in these forums when these also appear so desperate to disparage our own continuing, albeit recently slowing improvement.

    HTH
    :)
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    As an outsider I struggle to see why Italy is not a bigger economy than they currently are.

    She has a great tourism industry, blessed with some fantastic resources.

    A lot of white goods are made there. The food production mechanisms look pretty efficient too.

    We can, of course, forgive the occasional mistake , like the Lancia Beta or Fiat Chroma ;)
  • cogito
    cogito Posts: 4,898 Forumite
    mayonnaise wrote: »
    The good news from the Eurozone economies just keeps on coming.

    Italy Industrial Output Jumps, Pointing to Faster Recovery




    https://www.bloomberg.com/news/articles/2017-08-09/italy-industrial-production-jumps-pointing-to-faster-recovery
    :T

    I think you might have forgotten the simultaneous fall in German industrial production.

    http://www.dw.com/en/german-industrial-output-drops-unexpectedly/a-39989559
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    cogito wrote: »
    I think you might have forgotten the simultaneous fall in German industrial production.

    http://www.dw.com/en/german-industrial-output-drops-unexpectedly/a-39989559

    My linked to article was about Italian industrial production.
    But if you insist on talking about German industrial production I'm all too happy to oblige.

    From your link:
    But despite the drop in June, "the business situation in industry continued to revive in the second quarter," the German Economics Ministry said in a statement.
    "Industrial orders and indicators for the business climate in Germany suggest that the upward trend in industrial production will continue,"
    Thanks and keep the good news stories coming. :)
    Don't blame me, I voted Remain.
  • cogito
    cogito Posts: 4,898 Forumite
    mayonnaise wrote: »
    My linked to article was about Italian industrial production.
    But if you insist on talking about German industrial production I'm all too happy to oblige.

    From your link:



    Thanks and keep the good news stories coming. :)

    If you care to read your own post at #127, you said that the eurozone was the topic and chastised others for straying off topic. I was following your advice and posting about Germany which I believe is in the Eurozone. So the topic is about the eurozone when it suits you and not when it doesn't?

    But if you insist on talking about Italy, here are industrial production figures since 1991. An average 'growth' rate of -0.06%.

    https://tradingeconomics.com/italy/industrial-production

    Now is this because of or in spite of the EU?
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    cogito wrote: »
    If you care to read your own post at #127, you said that the eurozone was the topic and chastised others for straying off topic. I was following your advice and posting about Germany which I believe is in the Eurozone. So the topic is about the eurozone when it suits you and not when it doesn't?

    But if you insist on talking about Italy, here are industrial production figures since 1991. An average 'growth' rate of -0.06%.

    https://tradingeconomics.com/italy/industrial-production

    Now is this because of or in spite of the EU?

    Topic is Eurozone alright.

    Regarding Italy's industrial production performance since '91, several factors at play here; low productivity, bloated public sector and debt, rampant corruption, etc...
    Not sure if these can be pinned on EU membership?
    Don't blame me, I voted Remain.
  • cogito
    cogito Posts: 4,898 Forumite
    mayonnaise wrote: »
    Topic is Eurozone alright.

    Regarding Italy's industrial production performance since '91, several factors at play here; low productivity, bloated public sector and debt, rampant corruption, etc...
    Not sure if these can be pinned on EU membership?

    Perhaps not but you appear to be spinning it the other way when you proclaim one month's figures as evidence of Italy's recovery.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    cogito wrote: »
    Perhaps not but you appear to be spinning it the other way when you proclaim one month's figures as evidence of Italy's recovery.

    One month's figures??
    Here's the 5 year graph.

    italy-industrial-production.png?s=itprway&v=201708091128v&d1=20120101&d2=20171231

    I'll leave it to you to identify the trend here. :)
    Don't blame me, I voted Remain.
  • A_Medium_Size_Jock
    A_Medium_Size_Jock Posts: 3,216 Forumite
    mayonnaise wrote: »
    My linked to article was about Italian industrial production.
    But if you insist on talking about German industrial production I'm all too happy to oblige.

    From your link:



    Thanks and keep the good news stories coming. :)
    Do those relate to the likes of this?
    "Drop in German trade activity feeds into global stimulus debate"
    German trade activity slowed abruptly in June, adding to signs that demand in leading economies may be starting to flag just as central banks consider scaling back years of stimulus.
    Exports from Europe's biggest economy fell by 2.8 percent, the biggest drop since August 2015 and one that ended five straight months of growth. Imports sank by 4.5 percent, the biggest drop since January 2009, the Federal Statistics Office said.
    http://uk.reuters.com/article/us-germany-economy-trade-idUKKBN1AO0MS?il=0

    mayonnaise wrote: »
    I'll leave it to you to identify the trend here. :)

    You have seen the long-term statistics yet choose to ignore them;

    http://forums.moneysavingexpert.com/showpost.php?p=72963260&postcount=147



    Like I said earlier, perhaps you would be kind enough to explain why you portray such modest and recent statistics as being notable for being "good news" when UK statistics are so similar or indeed better yet these are disparaged?
    :think:
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