Realistbear Posted July 1, 2010 Share Posted July 1, 2010 http://uk.finance.yahoo.com/news/june-manufacturing-growth-eases-from-15-year-high-reuters_molt-466698e566dc.html?x=0 June manufacturing growth eases from 15-year high Matt "Matthew" Falloon, 9:43, Thursday 1 July 2010 LONDON (Reuters) - A rebound in manufacturing slowed in June from the previous month's 15-year high as export order growth all but ran out of steam , a survey showed on Thursday, suggesting the sector's recovery may have peaked. TBH, it amazes me that there has been any growth at all over the last few months. Book cooking perhaps. The bad news is starting to flow like a torrent now. Our bloated housing market is looking down as the sand washes away beneath its feet. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 1, 2010 Share Posted July 1, 2010 http://uk.finance.yahoo.com/news/june-manufacturing-growth-eases-from-15-year-high-reuters_molt-466698e566dc.html?x=0 June manufacturing growth eases from 15-year high Matt "Matthew" Falloon, 9:43, Thursday 1 July 2010 LONDON (Reuters) - A rebound in manufacturing slowed in June from the previous month's 15-year high as export order growth all but ran out of steam , a survey showed on Thursday, suggesting the sector's recovery may have peaked. TBH, it amazes me that there has been any growth at all over the last few months. Book cooking perhaps. The bad news is starting to flow like a torrent now. Our bloated housing market is looking down as the sand washes away beneath its feet. I think you find that whisky falls under manufacturing and the weak Pound means that Asia has been buying up as much of the stuff as can be made. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted July 1, 2010 Author Share Posted July 1, 2010 PHILIP SHAW, INVESTEC (LSE: INVP.L - news) "The headline index has held up very well, it's not far off a 15-year high and ostensibly implying very strong growth in the manufacturing sector. "But we're a little bit sceptical. The one obviously negative point is the large decline in the export index which may be the first indication that the European debt crisis is impacting negatively on trade. It could be a one-off or it could be something more fundamental. We'll have to gauge next month's survey and other evidence to determine if this is the case. "The easing in price pressures is perhaps not surprising given that we've seen some retracement in commodity prices and sterling has been relatively firm recent. It is indicative that perhaps the UK isn't suffering from longer-term inflation issues . Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted July 1, 2010 Share Posted July 1, 2010 are those GDP figures out yet? Quote Link to comment Share on other sites More sharing options...
SarahBell Posted July 1, 2010 Share Posted July 1, 2010 are those GDP figures out yet? No! Someone is still knitting them into fog. Quote Link to comment Share on other sites More sharing options...
EvilEdna Posted July 1, 2010 Share Posted July 1, 2010 I'm finding the news about Chinese and UK manufacturing winding down difficult to square with the 25% increase in container shipping volumes across the Pacific: http://news.bbc.co.uk/2/hi/business/10432783.stm and the improvement in German unemployment data - which is presumably export driven. Quote Link to comment Share on other sites More sharing options...
proprlyst Posted July 1, 2010 Share Posted July 1, 2010 are those GDP figures out yet? it seems like they are delayed http://www.independent.co.uk/news/business/news/potential-errors-delay-release-of-gdp-figures-2014107.html Quote Link to comment Share on other sites More sharing options...
Realistbear Posted July 1, 2010 Author Share Posted July 1, 2010 (edited) http://uk.finance.yahoo.com/news/japan-s-business-confidence-highest-in-two-years-afp-9ba76ad75b09.html?x=0 Japan's business confidence highest in two years David "Dave" Watkins, 10:38, Thursday 1 July 2010 Japanese business confidence has reached its highest level in two years as the world's number two economy continues to recover from its worst slump in decades, the Bank of Japan said Thursday..../ Tokyo shares lost 2.04 percent to close at a seven month low Thursday despite the upbeat survey, with fears for the global economy weighing. Flights of pigs everywhere today following the spate of doom and gloom. Edited July 1, 2010 by Realistbear Quote Link to comment Share on other sites More sharing options...
Mega Posted July 1, 2010 Share Posted July 1, 2010 VAT to 20% Car Scrapage gone .................and "HPC" = DOOM! Mike Quote Link to comment Share on other sites More sharing options...
Si1 Posted July 1, 2010 Share Posted July 1, 2010 I'm finding the news about Chinese and UK manufacturing winding down difficult to square with the 25% increase in container shipping volumes across the Pacific: http://news.bbc.co.u...ss/10432783.stm and the improvement in German unemployment data - which is presumably export driven. I wonder how much of that is from East to West and how much is West to East ? Quote Link to comment Share on other sites More sharing options...
EvilEdna Posted July 1, 2010 Share Posted July 1, 2010 I wonder how much of that is from East to West and how much is West to East ? Either way it puzzles me. Somewhere there are people consuming a hell of a lot more and someone's exporting it to them. Answers on a postcard please because I can't figure it. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 1, 2010 Share Posted July 1, 2010 Either way it puzzles me. Somewhere there are people consuming a hell of a lot more and someone's exporting it to them. Answers on a postcard please because I can't figure it. Eskimos. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted July 1, 2010 Share Posted July 1, 2010 I'm finding the news about Chinese and UK manufacturing winding down difficult to square with the 25% increase in container shipping volumes across the Pacific: http://news.bbc.co.uk/2/hi/business/10432783.stm and the improvement in German unemployment data - which is presumably export driven. So why has the Baltic dry index dropped off a cliff recently? Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted July 1, 2010 Share Posted July 1, 2010 So why has the Baltic dry index dropped off a cliff recently? War is peace and all that jazz. OTOH shipping companies might just have mothballed a few ships therefore squeezing supply a tad. Cus those LCL loads are getting shockingly expensive these days.. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 1, 2010 Share Posted July 1, 2010 http://uk.finance.ya...e566dc.html?x=0 June manufacturing growth eases from 15-year high Matt "Matthew" Falloon, 9:43, Thursday 1 July 2010 LONDON (Reuters) - A rebound in manufacturing slowed in June from the previous month's 15-year high as export order growth all but ran out of steam , a survey showed on Thursday, suggesting the sector's recovery may have peaked. TBH, it amazes me that there has been any growth at all over the last few months.  Book cooking perhaps. The bad news is starting to flow like a torrent now.  Our bloated housing market is looking down as the sand washes away beneath its feet. Someone could have bought something big in last few months. ie and airplane or ship. Or TMP's explanation Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted July 1, 2010 Share Posted July 1, 2010 Another tale of timber prices rising by 20% soon on top of the 30% on bulk construction steel prices reprted a few weeks ago. Just on the basis of price increases manufacturing should be showing some fake growth. Shows how much a failure trashing sterling has been - now even higher input costs. Proper ******ed. Quote Link to comment Share on other sites More sharing options...
EvilEdna Posted July 1, 2010 Share Posted July 1, 2010 So why has the Baltic dry index dropped off a cliff recently? You're exaggerating a tad. Yes it's fallen but by about the same amount as it did in November and June last year only to bounce back up again. http://www.bloomberg.com/apps/quote?ticker=bdiy&exch=IND&x=15&y=11#chart Quote Link to comment Share on other sites More sharing options...
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