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Manufacturing Growth hits 15-year high
StevieJ
Posts: 20,174 Forumite
Some good news but jobs still being lost
LONDON (Reuters) - Manufacturing activity grew last month at its fastest rate since October 1994, when the economy was also recovering from a deep recession, a survey of purchasing managers showed on Thursday.
http://uk.finance.yahoo.com/news/manufacturing-activity-hits-15-year-high-reuters_molt-9902719a4851.html?x=0
LONDON (Reuters) - Manufacturing activity grew last month at its fastest rate since October 1994, when the economy was also recovering from a deep recession, a survey of purchasing managers showed on Thursday.
http://uk.finance.yahoo.com/news/manufacturing-activity-hits-15-year-high-reuters_molt-9902719a4851.html?x=0
'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
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Comments
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Some good news but jobs still being lost
LONDON (Reuters) - Manufacturing activity grew last month at its fastest rate since October 1994, when the economy was also recovering from a deep recession, a survey of purchasing managers showed on Thursday.
http://uk.finance.yahoo.com/news/manufacturing-activity-hits-15-year-high-reuters_molt-9902719a4851.html?x=0
That does not mean it has hit a 15 year high. good news all the same, but to be expected given the weak rate of Sterling."There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "0 -
Bouncing from a snow hit low? whoop.
Let's not forget the context when comparing against previous years;
http://www.statistics.gov.uk/cci/nugget.asp?ID=198
Index of Production0 -
Your heading is wrong. Manufacturing activity growth has reached a 15 yr high, not actual activity.
I have a sense of d!jà vu hereWhat goes around - comes around0 -
Cannon_Fodder wrote: »Bouncing from a snow hit low? whoop.
Let's not forget the context when comparing against previous years;
http://www.statistics.gov.uk/cci/nugget.asp?ID=198
Index of Production
I didn't want to hit the 'Thanks' button as I don't want you or other posters to think that I think I think that your graph imparts a 'nice' message. However, the graph shows clearly that so far we're seeing a bounce from extreme lows. A recovery to where Western economies were a couple of years back is still a very long way off.
How many quarters of 0.4% GDP growth to replace a fall of 6.2%? (The answer is 18). 4 1/2 more years to stand still from 2 years ago only with a doubling (very roughly) of Government debt that will need to be to be sustained or even repaid.0 -
Your heading is wrong. Manufacturing activity growth has reached a 15 yr high, not actual activity.
I have a sense of d!jà vu here
Agreed, I copied and pasted the title from the news item, I have now changed.'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 Thatcher0 -
How many quarters of 0.4% GDP growth to replace a fall of 6.2%? (The answer is 18). 4 1/2 more years to stand still from 2 years ago only with a doubling (very roughly) of Government debt that will need to be to be sustained or even repaid.
But the forecasts for next year is 3%+ I thought.'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 Thatcher0 -
Out of all the headlines writtenManufacturing Growth hits 15-year high
has got to be one of the saddest.
No offense StevieJ it is a poor headline, by a poor journalist, passed to him by someone out of No.10s Press Office.Not Again0 -
But the forecasts for next year is 3%+ I thought.
True. The Treasury didn't come anywhere close with their forecasts on the down side during the recession. They were massively wrong.
In the mid-2000s they were very much more optimistic than the majority of professional forecasters and were pretty much right.
My belief is that economics is great as an analytical tool for looking at the past and present. As a predictive tool it's a lot of fun but basically hopeless, a bit like playing cricket with a beach ball.0 -
True. The Treasury didn't come anywhere close with their forecasts on the down side during the recession. They were massively wrong.
In the mid-2000s they were very much more optimistic than the majority of professional forecasters and were pretty much right.
My belief is that economics is great as an analytical tool for looking at the past and present. As a predictive tool it's a lot of fun but basically hopeless, a bit like playing cricket with a beach ball.
I don't think that many forecasts were that close during the recession, the problem is govt spending and taxes are based on the official ones.'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 Thatcher0 -
1984ReturnsForReal wrote: »Out of all the headlines written
has got to be one of the saddest.
No offense StevieJ it is a poor headline, by a poor journalist, passed to him by someone out of No.10s Press Office.
And that is after I corrected it
This one was worse.
Manufacturing activity hits 15-year high'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 Thatcher0
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