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Realistbear

P M I Data Due At 10:30

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http://uk.biz.yahoo.com/01092009/325/pound...mi-awaited.html

The UK Purchasing Managers' Index due at 10:30 a.m. is expected to rise to 51.5 in August from 50.8 in the previous month, keeping manufacturing activity in growth territory for the second straight month.

Recent data showed business investment was down someting like 44% which would suggest that the recession is getting deeper. However, the government data this morning may show a completely different picture to cheer some up.

Meanwhile in Germany:

http://uk.biz.yahoo.com/01092009/323/relap...l-rebounds.html

Tuesday September 1, 08:49 AM

Relapse feared even as German retail rebounds

FRANKFURT (AFP) - German retail sales posted their first rise since April last month, but economists warned headwinds could stall a sustained rebound in consumption in Europe's biggest economy.

Edited by Realistbear

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http://uk.biz.yahoo.com/01092009/325/pound...mi-awaited.html

The UK Purchasing Managers' Index due at 10:30 a.m. is expected to rise to 51.5 in August from 50.8 in the previous month, keeping manufacturing activity in growth territory for the second straight month.

Recent data showed business investment was down someting like 44% which would suggest that the recession is getting deeper. However, the government data this morning may show a completely different picture to cheer some up.

Meanwhile in Germany:

http://uk.biz.yahoo.com/01092009/323/relap...l-rebounds.html

Tuesday September 1, 08:49 AM

Relapse feared even as German retail rebounds

FRANKFURT (AFP) - German retail sales posted their first rise since April last month, but economists warned headwinds could stall a sustained rebound in consumption in Europe's biggest economy.

yep all that extra government spending will keep government purchasers busy, well, purchasing.

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http://uk.biz.yahoo.com/01092009/325/insta...ctedly-aug.html

Tuesday September 1, 09:51 AM

Reuters

INSTANT VIEW - Manufacturing dips unexpectedly in Aug

LONDON (Reuters) - Manufacturing activity dipped unexpectedly in August as employers cut jobs and inventories and the pace of growth in new orders slowed, purchasing managers' data showed on Tuesday.

Unexpectedly? All that talk about "green shoots" fooled the fools.

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Same situation in the EZ:

http://uk.biz.yahoo.com/01092009/323/eurozone-manufacturing-slumps-further-survey.html

Tuesday September 1, 11:55 AM

Eurozone manufacturing slumps further: survey

BRUSSELS (AFP) - A widely-watched index of manufacturing activity in the 16-nation eurozone hit a 14-month high in August, still indicating contraction but continuing a gradual rise up from historic lows.

The eurozone's purchasing managers' index (PMI) for the manufacturing sector, published by data and research group Markit on Monday, rose to 48.2 points in August, well above the 46.3 percent seen in July.

The rise brought the index closer to the 50-point threshold above which the eurozone's manufacturing base is expanding and well above the 33.5 points seen back in February.

However it still marked the 15th straight month of contraction as Europe's economy struggles to get itself out of recession.

I suppose they were all expecting a quick turnaround based on a creditless, jobless, manufacturingless, exportless, gormless recovery?

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Same situation in the EZ:

http://uk.biz.yahoo.com/01092009/323/eurozone-manufacturing-slumps-further-survey.html

Tuesday September 1, 11:55 AM

Eurozone manufacturing slumps further: survey

BRUSSELS (AFP) - A widely-watched index of manufacturing activity in the 16-nation eurozone hit a 14-month high in August, still indicating contraction but continuing a gradual rise up from historic lows.

The eurozone's purchasing managers' index (PMI) for the manufacturing sector, published by data and research group Markit on Monday, rose to 48.2 points in August, well above the 46.3 percent seen in July.

The rise brought the index closer to the 50-point threshold above which the eurozone's manufacturing base is expanding and well above the 33.5 points seen back in February.

However it still marked the 15th straight month of contraction as Europe's economy struggles to get itself out of recession.

I suppose they were all expecting a quick turnaround based on a creditless, jobless, manufacturingless, exportless, gormless recovery?

Look on the bright side................... er well er

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house prices going up (in some areas anyway - definitely not all), manufacturing going down, wages going down, Wayhay!

Edited by gruffydd

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