Friday, Jun 02, 2006
Stagnation for UK Economy?
Independent: Stagflation fears stalk UK industry
The strong rebound in growth at Britain's factories hit a bump last month as output and new orders both slowed, a snapshot survey showed yesterday. The headline activity index produced by the Chartered Institute of Purchasing and Supply (Cips) fell in May from April's 117-month high. It eased to 53.2 from 54.0 on a scale where 50 separates expansion from contraction, only its second fall this year.
Posted by jason @ 07:36 AM (145 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Ticktock said...
Stagflation is just about the worst thing that can happen to an economy & it does look increasingly likely that it will soon arrive on on our shores. No growth AND high inflation is bad bad news indeed.
Well done B.O.E.