Jump to content
House Price Crash Forum

Uk Factory Output On Course To Slump 16%

Recommended Posts


UK factory output on course to slump 16%

6 September 2009, 8:54pm

British manufacturing is on course to contract by 16% during the recession, a fall comparable to that seen in the early 1980s.

The estimate from engineering lobby group the EEF highlights the continued pain in the industrial sector, which has yet to see any signs of a rebound.

Manufacturing output will grow just 0.5% next year, the organisation predicted.

Yesterday the British Chambers of Commerce lifted its forecast for overall economic growth to 1.1% for 2010, almost twice its previous forecast. But this is being led by service firms, rather than manufacturers.

In a boost for the economy, however, a report by payment processing firm VocaLink showed that take-home pay jumped the most in 18 months in August.

The news comes ahead of this week's Bank of England meeting, which is expected to see rates held at 0.5%.

Share this post

Link to post
Share on other sites
So what. People do overlook that our housing market industry has recovered and that we can resume to pay for our Chinese imports with hard earned house price equity.

Spot on :lol:

Share this post

Link to post
Share on other sites

we are a knowledge economy.

while we have the knowledge that we are growing everything is well.

Share this post

Link to post
Share on other sites
Guest UK Debt Slave
No this just confirms the jobless recovery is on.

If we produce less we need less workers which will create the jobless recovery.

Don't worry

We can all make sandwiches for eachother, cut eachothers hair and run charity shops.

Everything will be fine

And don't forget to spend money you don't have on $hit you don't need. That's all that is important in the Keynesian dystopia

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   295 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.