Friday, Aug 25, 2006
You can always rely on the Great British consumer!
BBC: Consumer spending lifts UK growth
Don't bother clicking the link, this is the whole article.
Consumer spending lifts UK growth
A rise in consumer spending helped the UK economy grow at its fastest rate in two years, Office for National Statistics figures have confirmed.
Gross domestic product (GDP) grew 0.8% between April and June, leaving growth 2.6% higher than the same time in 2005, unrevised from first ONS estimates.
A 1% jump in household expenditure, as well as an acceleration in service sector growth, drove the increase. In contrast, output from production industries weakened to fall 0.2%.
That compared with growth of 0.8% during the previous month.
Posted by tyrellcorporation @ 03:13 PM (156 views) Add Comment
9 Comments
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1. tyrellcorporation said...
You can all thank me too!
I've just boosted inflation by spurting £1800 on a new PC... Gordon will be so proud!
2. paul said...
What kind of PC?
0.8% wahooo!
1% jump in household expenditure - last of the MEWs!
Production is down! Wahoo!
Inflation? Hmmm.
3. tyrellcorporation said...
One which 'does everything' ...apparently...
It has two cores like a genetically modified apple and lot's of rams or something...
WEBMASTER: Is there any way once logged in you can just type away to your heart's content on any of the topics? Having to type in your email address and Username each time is a pain...Cheers. TC
4. Sloth said...
tyrellcorporation,
Did you just buy the most expensive one? The new Intel Core Duo Processor is getting good reviews.
On topic, I should note that Moores' Law is in danger of breaking at the moment. This should have an effect on hedonic inflation measures.
5. inbreda said...
Tyrell,
I'm no IT person, but it's possible that if you go into:
Tools>options>advanced tab, and check the 'use inline autocomplete' box
then next time you enter your details, if you click the 'add comment' box, your PC should ask you if you want it to remember your details.
Bear in mind this is just a guess - like I hinted at - I really don't have clue what I'm talking about.
6. uncle chris said...
Don't worry, I'll be offsetting Tyrell's wreckless spending, having decided not to replace my car this year. The dealers just aren't offering the same discounts as they have in previous years to the point where they don't seem to want the business. Incidentally, I wish my household spending had only risen 1% in the past quarter - more dodgy stats coutesy of new-liebor?
7. tyrellcorporation said...
It is reckless spending on a big scale for me but all those thinking i've gone a bit loopy will be delighted to hear I actually paid for it using savings rather than an enticing credit deal... I also got the bottom lip of the salesman quivering by negotiating a 10% discount.
I'll try the autocomplete thingy, cheers.
8. indiablue19 said...
Thanks for the tip. Have checked the "autocomplete" while making a cuppa. If all goes well, expect this machine to make the next one.
9. indiablue19 said...
Oh, and thanks Tyrell for keeping the nation afloat for another day or so.