The spring bounce, recovery, green shoots etc

Graham_Devon

Has died off this month... just two months after all the glee started.

Mortgage lending down...

A spurt in mortgage lending at the start of the year has ended now a stamp duty concession is over, data suggests.

There were 49,860 mortgages approved for house purchases in March, showing little change from February, Bank of England figures show.

However, the total is down sharply on the 57,954 approvals in January.

The brief pick-up was likely to have been the result of increased demand from first-time buyers before a stamp duty levy was brought back.

"A dip in transaction levels was inevitable, suggesting we are not yet seeing a sustained recovery in the housing market," said Mark Harris, chief executive of mortgage broker SPF Private Clients.

Meanwhile, the Bank of England figures showed a slight rise in the amount of unsecured lending to consumers, to £419m in March from £285m in February.

Surprised that unsecured lending is increasing.

http://www.bbc.co.uk/news/business-17921193

UK Construction growth slows...

Growth in the UK construction sector slowed in April, according to a closely-watched survey.

The Markit/CIPS construction purchasing managers' index came in at 55.8, down from March's 21-month high of 56.7.

Any figure over 50 suggests growth in the sector.

There is particular interest in the sector after its slowdown in the first three months of the year was partly blamed for the economic growth figure that pushed the UK back into recession.

http://www.bbc.co.uk/news/business-17922225

Meanwhile, the eurozone unemployment rates unfortunately reaches a new record level. Argos has sharp profit falls.

On the plus side, Next has seen it's directory sales increase.

Rinoa

Mortgage approvals rise.

Graham and the BBC say recovery over.

Graham_Devon

Rinoa wrote: »

Mortgage approvals rise.

Graham and the BBC say recovery over.

Mortgage approvals rise? Where?

I'm telling it how it is.... are you?

purch

green shoots etc

They are still there, just covered with 3 foot of muddy water :eek:

chucky

Graham_Devon wrote: »

Has died off this month... just two months after all the glee started.

You just never learn do you... You get all happy and excited at the sight of bad news that you start frothing all over your keyboard...

Who said that any economic recovery if there was one would take 2 months?

Graham_Devon wrote: »

Has died off this month... just two months after all the glee started.

Graham_Devon

chucky wrote: »

You just never learn do you...

Learn what, exactly?

To view things how you view things? No, funnily enough.

If I learnt your way, i'd accuse very single poster on every single thread of frothing over their keyboard for posting up what's going on out there.I'd then proceed to spout off a load of abuse and none related nonsense at the person who posted it, simply because I don't like what the business section says in the media.

chucky

Graham_Devon wrote: »

Learn what, exactly?

To view things how you view things? No, funnily enough.

Not at all, you would need to get yourself an education for that but you definitely have learned to avoid the questions...

chucky wrote: »

Who said that any economic recovery if there was one would take 2 months?

Graham_Devon wrote: »

Has died off this month... just two months after all the glee started.

Graham_Devon

No one said the economic recovery would take 2 months.

You are confusing yourself.

I stated that it's all dided off, just 2 months after the glee started. Not that it would take 2 months to recover.

So now that's sorted, I won't await an apology, but please, stop frothing (See what I did there) but feel free to discuss the thread and the articles within it.

chucky

Graham_Devon wrote: »

No one said the economic recovery would take 2 months.

You are confusing yourself.

I stated that it's all dided off, just 2 months after the glee started. Not that it would take 2 months to recover.

So now that's sorted, I won't await an apology, but please, stop frothing (See what I did there) but feel free to discuss the thread and the articles within it.

An apology for you having the intellect of a juggernaut, I don't think so.

If you were expecting to see results after a couple of months in the current economic climate, after the worst economic crisis since the 2nd World War; you confirm the fact that you don't understand very much and really need to read a few more books before you spout your usual nonsense.

Graham_Devon

chucky wrote: »

An apology for you having the intellect of a juggernaut, I don't think so.

If you were expecting to see results after a couple of months in the current economic climate, after the worst economic crisis since the 2nd World War; you confirm the fact that you don't understand very much and really need to read a few more books before you spout your usual nonsense.

I wasn't. As you well know.

May I suggest you calm down chucky, instead of randomly making things up. it's starting to look as if whenever I post, various people come out of the woodwork to bark like a dog, make things up, twist and squirm, all because they don't like the data posted.

The data is the data. I realise some would prefer it kept hidden, unless positive, but, well, this is a forum, and you will come across people with different viewpoints to yours.

After all the doom mongering allegations you have made against me, to turn around and suggest I was expecting a recovery in 2 months (after being corrected just minutes ago on your first faux pas) is extremely poor, and whats more, shows all you are trying to do is twist, squrim, confuse and attack. God knows why, it's just data chucky.

I'm done with you now, as you will just bang on for pages with this nonsense.

wotsthat

The recovery is underway. It's going to be long, slow and volatile.

Anyone who is scoffing because some of their internet enemies were hailing a recovery 2 months ago and there's been a month of flat mortgage approvals, (slow) growth in the construction sector and poor results from Argos has quite frankly got too involved in forum politics.