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POLL-UK factory activity at 2-yr high, new orders surge

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I think the PMI is a pretty good leading indicator of where manufacturing is heading but a very poor predictor of where the general economy is heading.

    From recollection, it spent large parts of the boom years in negative territory.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I think the PMI is a pretty good leading indicator of where manufacturing is heading but a very poor predictor of where the general economy is heading.

    From recollection, it spent large parts of the boom years in negative territory.
  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    I seem to remember PMI surveys wrong-footing a few in Q2 and a few more in Q3... http://www.markit.com/assets/en/docs/commentary/markit-economics/july%2009/UK_allsectorPMI_09_07_03.pdf
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    ).

    Alcopop is my pick for the Melbourne Cup tomorrow.

    A shocking prediction :eek: let us hope the economic ones are just as bad icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    A shocking prediction :eek: let us hope the economic ones are just as bad icon7.gif

    My horse got boxed in and had to pull way out right to get a run. By the time Alcopop was out there, the race was all but run.

    It was a good win for Shocking. The jockey seemed a decent sort too and will just have trousered a lot of cash for a days work.

    I fear my economic predictions are better than my work as a horse racing punter. I do ok betting on the cricket but the horses do me over every time.
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