Survey sees rise in UK confidence

mewbie_2

Typical. You wait hours for a bull to come along and then all of a sudden there's three, one after another.

To return to topic. Yes I am delirious that there is a small green sprout of happiness.

PasturesNew

mewbie wrote: »

...a small green sprout ...

And like all green sprouts, it's probably just wind.

thriftybabe

IveSeenTheLight wrote: »

From http://news.bbc.co.uk/1/hi/business/8066076.stm


Survey sees rise in UK confidence


Businesses are seeing a light at the end of the tunnel

Confidence among business professionals has risen for the first time since the end of 2007, a survey indicates. The Institute of Chartered Accountants' index of business confidence rose to -28.2 at the end of March, from -45.3 at the end of the previous quarter.
"The underlying data suggests that companies have heeded warnings," said the Institute's's head Michael Izza.
More than 1,000 chartered accountants were surveyed across England and Wales.
Mr Izza said businesses were "managing the consequences of the global recession remarkably well". But he added: "While the change in outlook is encouraging, I still believe that difficult times lie ahead."
"I would urge businesses to not be complacent and be measured in any steps they take in response to an economic recovery."
Last week, the Office of National Statistics said the output of the UK economy fell by an unrevised 1.9% in the first three months of 2009 and household spending dropped 1.2%, the biggest decline since 1980.
The only sector of the economy making a positive contribution to growth was government spending.

Mmmmm just been asked to drop our rates again today by another 10% along with the other trades in the last few houses we have to do. The only light I see at the end of the tunnel is the big bloomin train about to run over me!

Davesnave

This guy is obviously preparing for 'green shoots,' if you look closely at what he's making....:rotfl:

IveSeenTheLight

Another country showing positive output

from http://news.bbc.co.uk/1/hi/business/8073171.stm


Indian growth unexpectedly strong


The Indian economy is still one of the fastest-growing in the world

India's economy grew 5.8% in the first three months of the year compared with the same period last year, which was better than had been expected. The official gross domestic product figure was down from 8.6% annual growth seen in the first quarter of 2008.
Although growth has slowed from last year, the economy is still expanding faster than most other countries.
It grew 6.7% in the full financial year, which was down from a rate of 9% in the year to the end of March 2008.
'Growth bottomed out'
"The GDP growth number justifies the claim that India is dealing with the global crisis from a position of strength," said Rupa Rege Nitsure, chief economist at Bank of Baroda in Mumbai.
"This means that growth has bottomed out, or at least the deceleration has stopped."
The figures are good news for the newly-elected Congress-led government, which has made reviving growth its top priority.
Among the sectors showing an improvement was farm output, which grew at an annualised rate of 2.7% in the first three months of 2009 having contracted 0.8% in the previous quarter.
Construction grew 6.8% in the period compared with 4.2% in the previous quarter.
But the manufacturing sector contracted an annual 1.4%, having grown 0.9% in the previous three months.

IveSeenTheLight

also the Irish are showing a positive outlook for the economy

from http://news.bbc.co.uk/1/hi/world/europe/8073249.stm


Irish economy 'is not all gloom'


Brian Cowen's party is likely to be punished by recession-hit voters

The Irish Prime Minister has said it is not all doom and gloom on the economic front and people can begin to have confidence about the future. Brian Cowen said he was right to be optimistic that Ireland could return to rapid growth as early as next year.
He pointed to improving trends in tax receipts and some signs of a renewal in the property market.
Mr Cowen was addressing a rally of his Fianna Fail party, which faces a drubbing in elections next month.
He said his government's plan for stabilising the economy was working and the "smart economy" plan would ensure Ireland emerges from the recession with good prospects for sustainable growth and jobs in the future.
Confidence
"There are more tough but necessary decisions ahead to secure our financial and economic security. We will not flinch from making these decisions," he told the campaign meeting.
The fall in tax receipts that started after the bursting of a property bubble appears to be bottoming out, which together with government spending cuts will ensure Ireland's debt to GDP ratio will stay well below the European average, Mr Cowen said.
Heavily oversubscribed bond sales recently showed investors had confidence in Irish fiscal management, with signs of renewed interest in house purchases set to boost the domestic economy, he added.
Many analysts agree Ireland's small, open economy will be among the first to benefit from an international upswing, but some fear the tax rises unveiled in two emergency budgets in October and April will stifle economic growth.
Although one Irish bond sale last week was almost five times oversubscribed, many investors have given all Irish assets a wide berth after a string of banking scandals.
The government has also received mixed reviews for a new "bad bank" plan which could cause a doubling in national debt.