GDP Preliminary Estimate, Q1 2014 +0.8%

mayonnaise

Once more, another quarter of decent growth.

http://www.ons.gov.uk/ons/rel/gva/gross-domestic-product--preliminary-estimate/q1-2014/stb-gdp-preliminary-estimate--q1-2014.html

http://www.bbc.com/news/business-27204797


Manufacturing is GDP star performer

On an annualised basis, the economy is growing at a rate of 3.1%

But the current star of the UK's economic performance is the small manufacturing sector (roughly a tenth of the economy) - whose output jumped 1.3% and is growing at an annual rate of 3.4%.

The government's longed-for and fabled rebalancing of the economy - towards making things - may at last be happening.

By the way, anyone seen grizzly or shorty lately?

CLAPTON

mayonnaise wrote: »

Once more, another quarter of decent growth.

http://www.ons.gov.uk/ons/rel/gva/gross-domestic-product--preliminary-estimate/q1-2014/stb-gdp-preliminary-estimate--q1-2014.html

http://www.bbc.com/news/business-27204797


Manufacturing is GDP star performer






By the way, anyone seen grizzly or shorty lately?

I'm sure if grizzly was around he would post how the grorth was
-quite modest
-will probably be revised downward
-that it was the wrong type of growth
-it was the wrong type of manufacturing
and anyway he knows a little old lady near his home who is no better off because of it.


but I wish him well and hope be is merely enjoying a nice holiday.

theEnd

Anyone getting the feeling some really bad stuff is about to happen?

Thrugelmir

The government's longed-for and fabled rebalancing of the economy - towards making things - may at last be happening.

If only things did happen that quickly in the real world.

tincans

Thrugelmir wrote: »

If only things did happen that quickly in the real world.

Indeed.

In fact at 3.4% for manufacturing against just under 3.1% for the rest of the economy, it will only take 30 years for manufacturing to go from 10% of the economy to 11% of the economy.

tincans

CLAPTON wrote: »

I'm sure if grizzly was around he would post how the grorth was
-quite modest
-will probably be revised downward
-

But it is quite modest compared with all previous UK recessions.

Thrugelmir

tincans wrote: »

But it is quite modest compared with all previous UK recessions.

Down to the patient being in intensive care receiving treatment under full sedation. Rather than being allowed to feel the pain.

Masomnia

I think the difference this time around is that the banking sector is knackered.

Thrugelmir

Masomnia wrote: »

I think the difference this time around is that the banking sector is knackered.

Plenty of zombie companies around too. Also individuals who are merely treading water.

Carl31

theEnd wrote: »

Anyone getting the feeling some really bad stuff is about to happen?

depends what you define as bad

I think the UK economy will be back to 'normal' in the next 2-3 years, as long as its allowed to be, we have a couple of elections to get through before that which could ruin it all though

kabayiri

On t'radio it was saying that the recovery is benefitting the normal private sector worker, but that public sector staff will continue to feel the squeeze.


Hopefully this will mean we see more talent move across into the revenue earning side of the economy.