Manufacturing Down Feb -0.9% M-O-M

[JimSkank]

Unexpected decrease in manufacturing. Pound's got further to go folks. $1.30....

[JimSkank]

EDIT : Unexpected duplication of post

Edited March 10, 2010 by JimSkank

[Lepista]

Down -0.9%...?

[The Masked Tulip]

Apparently it snowed so people could not get to the factories, could not sell their bits or get bits in. Global warming!

[moneyscam]

Down -0.9%...?

act fcst prev

09:30 GBP Industrial Production (MoM) (JAN) -0.4% 0.3% 0.5%

09:30 GBP Industrial Production (YoY) (JAN) -1.5% -0.8% -3.7% (R-)

09:30 GBP Manufacturing Production (MoM) (JAN) -0.9% 0.2% 0.9%

09:30 GBP Manufacturing Production (YoY) (JAN) 0.2% 1.4% -1.9%

Those are horrible figures in a supposed recovery.

[piece of paper]

http://news.bbc.co.uk/1/hi/business/8559389.stm

"Industrial production in the UK fell unexpectedly in January, official data has shown." - article continues

It really is like the old days of Pravda and TASS.

p-o-p

[OnlyMe]

All the moneny has been pissed up the banking and housing wall.

The money is not only not helping manufacturing in the long term it is driving the nail into it. Not even intentially trashing the pound is helping. When you look at the costs if starting up pretty much all the suppliers of machinery are foreign and those prics has just jumped 30% so the start-up costs including exhorbitant factory space costs means almost no new manufacturers in the UK for the foreseeable.

Edited March 10, 2010 by OnlyMe

[enrieb]

And now our new national anthem.

[@contradevian]

For the last time....!

There is no recovery

Its getting worse if anything.

[Mugwump Boy]

"unexpectedly" is this year's "green shoots"

[Guest_flaps_*]

"unexpectedly" is this year's "green shoots"

I'm getting so unbelievably ******ed off with the word "unexpectedly". The next so called experts to use it should be immediately sacked for gross incompetance! How the ****** can all this constant bad news be "unexpected"?! They are seriously shit at their job if thats really the case.

[Guest Noodle]

For the last time....!

There is no recovery

Its getting worse if anything.

I actually think this thing has only just started for the UK. There's so many factors at play here. Ultimately it's been the paradigm shift of wealth creation from West to East which is likely to leave the UK just a poor, over-populated cold and overcast island in the North Sea with an unserviceable debt.

[OnlyMe]

I actually think this thing has only just started for the UK. There's so many factors at play here. Ultimately it's been the paradigm shift of wealth creation from West to East which is likely to leave the UK just a poor, over-populated cold and overcast island in the North Sea with an unserviceable debt.

That is one of the reasons the big croporations are leaving and going to the mainland. The general degradation of the UL and slippage into a state/bank infested quango meles elsewhereans that they will struggle for good staff inthe long term as they leave for far better lifestyles elsewhere. If you wanted to destroy a functional country from the inside this is turning into a textbook example.

[Bloo Loo]

the constant and normal use of the word "unexpected" proves to me, beyond all doubt, the bubble mentality that prevails.

its unexpected because "they" think things had returned to normal.....except they havent...they are returning to normal.

next its fear and panic.

[Captain Cavey]

"unexpectedly" is this year's "green shoots"

BBC (Pravda)

German exports 'hit by cold weather'

German exports fell unexpectedly in January, with the cold weather that month being seen as the main cause.

Exports in the first month of the year declined 6.3% on a seasonally adjusted basis, compared with December.

This was the first monthly decline since August of last year, and the biggest since January 2009.

While the Federal Statistics Office gave no reason for the fall, economists pointed to the heavy snow in January. Imports for the month increased by 6%.

As a result, Germany's trade surplus narrowed to 8.7bn euros ($11.8bn; £7.9bn).

Commerzbank economist Simon Junker said the export number was "a disaster".

"Nevertheless, we are still of the opinion that the first half [of 2010] will be strong, although perhaps not necessarily the first quarter," he added.

"We assume that exports will resume growing in the next few months."

Citigroup economist Juergen Michels said: "The question is whether the cold weather distorted the results."

"It's therefore still too early to say that exports aren't performing," he added.

The most recent GDP figures showed that the German economy failed to grow in the last quarter of 2009.

The country endured the worst weather in two decades during January this year.

Jeez!! Have they developed a “it was the snow” “unexpectedly” bot that writes this at the BBC

[interestrateripoff]

The recessions favourite buzzword, unexpectedly.

This has to be the most fantastical recovery in history.

[Ben from Dover]

I'm getting so unbelievably ******ed off with the word "unexpectedly". The next so called experts to use it should be immediately sacked for gross incompetance! How the ****** can all this constant bad news be "unexpected"?! They are seriously shit at their job if thats really the case.

I suggest we all start using it at work to shift responsibility when things do go well. "unexpectedly the fact that I've spent all day reading this forum has meant that I haven't achieved anything at all"

It seems that in modern Britain, if something is 'unexpected' it can't possibly be any body's fault and we shouldn't blame the government who are doing so much for those hard working families.

The earth quake in Chili - unexpected - no ones fault

The disaster in Haiti - unexpected - no ones fault

UK's economy has been built on sand with very few jobs but incredibly high prices and very little production causes all economic stats to go down - unexpected - no ones fault

High house prices cause revolution - unexpected - no ones fault

[Ben from Dover]

I actually think this thing has only just started for the UK. There's so many factors at play here. Ultimately it's been the paradigm shift of wealth creation from West to East which is likely to leave the UK just a poor, over-populated cold and overcast island in the North Sea with an unserviceable debt.

I was under the impression that you guys in Asia had some pretty big unpopped bubbles of your own that are going in cause similar problems.

What is your take?

[enrieb]

Two unexpected news stories on the same page, now that's unexpected.

UK industrial output falls 0.4% in January

Industrial production in the UK fell unexpectedly in January, as the cold weather dented firms' output, official data has shown

http://news.bbc.co.uk/1/hi/business/8559389.stm

German exports 'hit by cold weather'

German exports fell unexpectedly in January, with the cold weather that month being seen as the main cause.

http://news.bbc.co.uk/1/hi/business/8559432.stm

[Guest Noodle]

I was under the impression that you guys in Asia had some pretty big unpopped bubbles of your own that are going in cause similar problems.

What is your take?

This place had it's depression/IMF intervention/imposition of strict banking rules back in 1997. Don't know about China.

Some people owe some money on a few mopeds. Few have mortgages, I mean very few, probably less than 3% of homeowners. Even fewer have credit cards (would be deadly out here). Foreigners can't buy freehold property/land . . . which is something you need to consider in the UK now if the Pound really does go to the wall.

The HPC here happened in 2004, although there have been some recent declines in areas which have been over built (tourist areas/condos).

Don't forget that these people live at the level to which you're heading, although they don't carry the debts.

[nixy]

All the moneny has been pissed up the banking and housing wall.

The money is not only not helping manufacturing in the long term it is driving the nail into it. Not even intentionally trashing the pound is helping. When you look at the costs if starting up pretty much all the suppliers of machinery are foreign and those prices has just jumped 30% so the start-up costs including exorbitant factory space costs means almost no new manufacturers in the UK for the foreseeable.

Gordon Brown has, rather cleverly, surrounded himself with people too scared to ask such questions.

...you know that bit where I said rather cleverly well, that was sarcasm, that was.

[Ben from Dover]

This place had it's depression/IMF intervention/imposition of strict banking rules back in 1997. Don't know about China.

Some people owe some money on a few mopeds. Few have mortgages, I mean very few, probably less than 3% of homeowners. Even fewer have credit cards (would be deadly out here). Foreigners can't buy freehold property/land . . . which is something you need to consider in the UK now if the Pound really does go to the wall.

The HPC here happened in 2004, although there have been some recent declines in areas which have been over built (tourist areas/condos).

Don't forget that these people live at the level to which you're heading, although they don't carry the debts.

Thanks for the insight.

Brings a new perspective to the 'debt is wealth' mantra

So 97% of people own their own houses outright? Cricky.

I've actually got a Thai aunt, maybe I'll buy a house in her name. What could I get for £60K

[Bloo Loo]

Two unexpected news stories on the same page, now that's unexpected.

http://news.bbc.co.u...ess/8559389.stm

http://news.bbc.co.u...ess/8559432.stm

odd then, that importers were still able to import and widen the gap. inspite of the snow...I guess they only gritted roads leading into England, and the left the other side ungritted.

Saying that, Eurostar trains stopped in the Tunnel were coming in...yet still they get their imports through.

[tinker]

'Nobody saw it coming.'

That the one I hate, meaning 'how could it possibly be my fault?'

[Guest Noodle]

Thanks for the insight.

Brings a new perspective to the 'debt is wealth' mantra

So 97% of people own their own houses outright? Cricky.

I've actually got a Thai aunt, maybe I'll buy a house in her name. What could I get for £60K

Up country? 4000 sq.ft with a pool on about 2 acres. If you build it. Furnished. But it's not everybody's cuppa tea this place.

Eastern seaboard. An apartment/3 bed house.

Outskirts of BKK. Dunno? Townhouse?

Remember most land/houses are handed down. It's not like the UK. Nothing like it at all.