UK manufacturing continues to struggle

System

shortchanged wrote: »

What does the UK do now to avoid a recession coming this year?

Raise interest rates?

shortchanged_2

Joeskeppi wrote: »

Raise interest rates?

I think you are probably right Joeskeppi.

macaque_2

From the article:

David Noble, chief executive of the Chartered Institute of Purchasing & Supply, which helps compile the survey, said growth in the sector may have bottomed out.

How does growth bottom out?

I see Sanofi have announced a restructuring of Genzyme. No prizes for guessing where the cuts will come.

worldtraveller

Britain's manufacturing sector expanded at its slowest pace in almost two years last month, a survey showed on Friday, as factories reduced hiring and new orders fell, raising concerns about the health of the broader economic recovery.

Telegraph.co.uk

Growth in the eurozone's manufacturing sector lost steam in June as both exports and domestic demand slowed, falling to an 18-month low, a key survey has shown.

Markit's Manufacturing Purchasing Managers' Index (PMI) fell to 52.0 last month from 54.6 in May, its lowest reading since December 2009.

BBC News

The China Federation of Logistics and Purchasing said its Purchasing Managers’ Index was at 50.9 in June compared with 52 in May. Manufacturing, which accounts for about half of China's economy is moderating as government policies curb demand for housing and cars, power shortages crimp output and monetary tightening limits company funding.

Bloomberg

The U.S. Institute for Supply Management’s manufacturing index is due later today.

shortchanged_2

worldtraveller wrote: »

Britain's manufacturing sector expanded at its slowest pace in almost two years last month, a survey showed on Friday, as factories reduced hiring and new orders fell, raising concerns about the health of the broader economic recovery.

Telegraph.co.uk

Growth in the eurozone's manufacturing sector lost steam in June as both exports and domestic demand slowed, falling to an 18-month low, a key survey has shown.

Markit's Manufacturing Purchasing Managers' Index (PMI) fell to 52.0 last month from 54.6 in May, its lowest reading since December 2009.

BBC News

The China Federation of Logistics and Purchasing said its Purchasing Managers’ Index was at 50.9 in June compared with 52 in May. Manufacturing, which accounts for about half of China's economy is moderating as government policies curb demand for housing and cars, power shortages crimp output and monetary tightening limits company funding.

Bloomberg

The U.S. Institute for Supply Management’s manufacturing index is due later today.

Mmmm.....what's the plan now Mr Osborne?

Really2

chewmylegoff wrote: »

manufacturing continues to grow. we're all doomed.

meanwhile, consumer confidence is at -21, but that's a positive sign!

If they were both negative would that make a positive.

Thrugelmir

shortchanged wrote: »

Mmmm.....what's the plan now Mr Osborne?

Japan slowing

China slowing

USA slowing

Eurozone slowing

Not just a UK problem.........

vivatifosi

Thrugelmir wrote: »

Japan slowing

China slowing

USA slowing

Eurozone slowing

Not just a UK problem.........

Did you see a couple of weeks back Thrugelmuir? Roubini has written an interesting piece on this, three possible scenarios, one of which is a perfect storm:

http://www.bloomberg.com/news/2011-06-11/china-economy-at-risk-of-hard-landing-after-2013-nouriel-roubini-says.html

Thrugelmir

vivatifosi wrote: »

Did you see a couple of weeks back Thrugelmuir? Roubini has written an interesting piece on this, three possible scenarios, one of which is a perfect storm:

Thanks for linking this piece. Very interesting.

worldtraveller

vivatifosi wrote: »

Did you see a couple of weeks back Thrugelmuir? Roubini has written an interesting piece on this, three possible scenarios, one of which is a perfect storm

“Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier, and bigger on debt, and all these problems may come to a head by 2013 at the latest.”

Yup, the inevitable is just being put off....and off.... and off......;)

Exactly how many generations of future children will now have to pay for the realisation that the last recession never really ended. It was manipulated by Governments & the political elite, using the (now famous ) magician and his smoke & mirrors, largely through QE, which basically hasn't worked. It has purely racked up massive, massive, eye watering debt. The limited effects are now wearing off, of course, and there is every possiblity that we will see more, massive, eye watering QE, yet again, later this year, or early next, in the U.S. & UK, to name a few. It will of course just delay the inevitable further, just like the can being kicked down the road......a little further.....a little further. Greece is a current classic example, of course. However, watch out, there is inevitably a !!!!ing great big brick wall looming to stop the can dead in it's tracks!