Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

U K Export Growth Grinds To A Halt

Recommended Posts

http://uk.finance.yahoo.com/news/uk-manufacturers-export-orders-hit-by-eurozone-crisis-tele-d66efb333a13.html?x=0

UK manufacturers' export orders hit by eurozone crisis
14:59, Thursday 1 July 2010
The rebound in British manufacturing has hit headwinds with new
export orders falling sharply last month
, hurt by the deepening eurozone debt crisis.
The dramatic slowing in orders saw manufacturing PMI dip from a 15-year high of 58 in May to 57.5 in June, according to the lastest Markit/Chartered Institute of Purchasing and Supply survey .
Export order growth nearly ground to a halt, falling to 50.7 from 56.7 in May - its
lowest reading since August 2009
.

Will this end recovery talk now?

The pound is soaring today which will add to the mix making our exports even more expensive to countries who are not ordering anything.

Share this post


Link to post
Share on other sites

http://uk.finance.yahoo.com/news/uk-manufacturers-export-orders-hit-by-eurozone-crisis-tele-d66efb333a13.html?x=0

UK manufacturers' export orders hit by eurozone crisis
14:59, Thursday 1 July 2010
The rebound in British manufacturing has hit headwinds with new
export orders falling sharply last month
, hurt by the deepening eurozone debt crisis.
The dramatic slowing in orders saw manufacturing PMI dip from a 15-year high of 58 in May to 57.5 in June, according to the lastest Markit/Chartered Institute of Purchasing and Supply survey .
Export order growth nearly ground to a halt, falling to 50.7 from 56.7 in May - its
lowest reading since August 2009
.

Will this end recovery talk now?

The pound is soaring today which will add to the mix making our exports even more expensive to countries who are not ordering anything.

perception management dear boy.

ok so it's fallen by 0.5 from 58.0 to 57.5.

that's still quite a healthy clip,but chicken little in the red-tops now says the sky is falling.

.....if anything it may actually HELP,because all the uncertainty and nerves will get priced into the FOREX,and give an extra little kick in the pants to our exports 3-6 months hence.

as for the export order growth...I suspect it's inventory write-down.

Edited by oracle

Share this post


Link to post
Share on other sites

So, pray what poor MERV must do?

Drop the £ & Exports fly, suffer the inflation that it will let fly?

Mike

Share this post


Link to post
Share on other sites

So, pray what poor MERV must do?

Drop the £ & Exports fly, suffer the inflation that it will let fly?

Mike

A splendid idea back in the days of yore, when manufacturing counted for 34% of GDP.

But not any more.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

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.