Brexit, the economy and house prices (Part 3)

A_Medium_Size_Jock

mayonnaise wrote: »

Today's release are figures for May.

Indeed, of course, how silly to expect official data so soon.
Okay, from that release:

the Index of Production was estimated to have decreased by 1.2%, due mainly to falls of 1.1% in manufacturing and 3.5% in energy supply.

.... the fall in energy supply was due largely to warmer temperatures.

Total production output for May 2017 compared with May 2016 decreased by 0.2%, with energy supply providing the largest downward contribution, decreasing by 4.2% partially offset by manufacturing, increasing by 0.4%.

Herzlos

A_Medium_Size_Jock wrote: »

No, as usual you tried - and failed miserably.

I don't remember seeing any rebuttals, just a few denials. I'll go back and check.

A_Medium_Size_Jock

Herzlos wrote: »

I don't remember seeing any rebuttals, just a few denials. I'll go back and check.

I have better things to do with my time than continually rebut erroneous debate from those that refute factual evidence in a faceless forum merely in attempts at self-aggrandizement.

The link I posted is a publication from a widely-respected UK media source. If you wish to be considered correct in your POV and think this article is incorrect perhaps you could show us your rebuttal as published in similar recognized mainstream UK media?
Until you can do that I would rather believe that original post than the obfuscations of an unknown internet forum keyboard warrior, thank you very much.

Moving on and seeming to agree with the thoughts of those who say the EU will not be as united on Brexit as some imagine, Cyprus pleads with the EU to "go easy" on Britain to protect their own trade:
http://www.newsincyprus.com/news/83109/don-039-t-punish-britain-cyprus-pleads-with-eu-to-keep-uk-close-to-protect-economy

A video of that plea is here: http://www.express.co.uk/news/uk/825593/Brexit-news-Cyprus-demands-European-Union-don-t-punish-UK-over-Brexit

Herzlos

A_Medium_Size_Jock wrote: »

The link I posted is a publication from a widely-respected UK media source. If you wish to be considered correct in your POV and think this article is incorrect perhaps you could show us your rebuttal as published in similar recognized mainstream UK media?

I don't disagree with the article, I was pointing out the caveats seem to undermine your point.

Moving on and seeming to agree with the thoughts of those who say the EU will not be as united on Brexit as some imagine, Cyprus pleads with the EU to "go easy" on Britain to protect their own trade:
http://www.newsincyprus.com/news/83109/don-039-t-punish-britain-cyprus-pleads-with-eu-to-keep-uk-close-to-protect-economy

Yeah, lots of small blocs will want a good deal for the UK because it benefits them. Will there be enough pressure there to get us the deal we want? Will there just be free trade allowances that benefit those countries?

As I understand it, the EU can offer us free trade covering X,Y & Z (stuff EU sells to us) with requiring tariffs for A, B & C (stuff we sell to the EU). So it's possible we can get a trade deal with keeps those which rely on our trade happy, whilst still hurting us elsewhere.

I really hope we do get a good deal, but I don't think it'll be because of Cyprus asking the EU nicely. Whatever deal we get will be dictated purely by the terms we want to accept.

Thrugelmir

Herzlos wrote: »

Yeah, lots of small blocs will want a good deal for the UK because it benefits them.

Doesn't just benefit them. It'll have a major impact on their economy in various guises. The EU is as yet far from being a cohesive federal economic area.

mayonnaise

Industrial production up by 1.3% in euro area

In May 2017 compared with April 2017, seasonally adjusted industrial production rose by 1.3% in the euro area

http://ec.europa.eu/eurostat/documents/2995521/8109008/4-12072017-AP-EN.pdf/259fb2c3-270d-4418-a54c-20133164caa0

Good news all around.

Annual comparison by Member State:

Among Member States for which data are available, the highest increases in industrial production were registered
in Romania (+14.6%), Estonia (+12.6%) and the Czech Republic (+10.7%). Decreases were observed in Malta
and the United Kingdom (both -0.7%)

Rinoa

mayonnaise wrote: »

Industrial production up by 1.3% in euro area

And unemployment at 9.3%.

Thrugelmir

Rinoa wrote: »

And unemployment at 9.3%.

What's the current rate for under 25's?

System

Thrugelmir wrote: »

What's the current rate for under 25's?

High but falling.

Rinoa

Thrugelmir wrote: »

What's the current rate for under 25's?

18.9%

The ECB say real EU unemployment is far higher.

http://uk.reuters.com/article/us-eurozone-unemployment-ecb-idUKKBN1860UU

Still, what do they know, Mayo will be along shortly telling us they have full employment but it's all cash in hand.