ralphmalph Posted July 20, 2010 Share Posted July 20, 2010 http://uk.finance.yahoo.com/news/cbi-factory-orders-balance-highest-in-almost-2-years-in-july-reuters_molt-694a9f33da4b.html?x=0 CBI say because the factories are busy no double dip. Interesting. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted July 20, 2010 Share Posted July 20, 2010 "Looking ahead, production is expected to rise further, but at a more moderate rate. In our view the risk of a double-dip recession remains low and the fortunes of the manufacturing sector are continuing to slowly and steadily improve." ( Spits tea out of mouth) (catches breath wheezing) ... Quote Link to comment Share on other sites More sharing options...
twatmangle Posted July 20, 2010 Share Posted July 20, 2010 http://uk.finance.yahoo.com/news/cbi-factory-orders-balance-highest-in-almost-2-years-in-july-reuters_molt-694a9f33da4b.html?x=0 CBI say because the factories are busy no double dip. Interesting. Things always work like this, every recession. As soon as shops get a sniff that times are bad, they take draconian measures and deplete stock rather than order new things. Manufacturers get a virtually overnight hit and production drops rapidly. Shops then realise they haven't got enough in stock as people are now buying more, so suddenly they start restocking and factories haven't got the staff to ramp up production as they've just fired them all. Like boom and bust. Quote Link to comment Share on other sites More sharing options...
ralphmalph Posted July 20, 2010 Author Share Posted July 20, 2010 Things always work like this, every recession. As soon as shops get a sniff that times are bad, they take draconian measures and deplete stock rather than order new things. Manufacturers get a virtually overnight hit and production drops rapidly. Shops then realise they haven't got enough in stock as people are now buying more, so suddenly they start restocking and factories haven't got the staff to ramp up production as they've just fired them all. Like boom and bust. So they take on temporary workers, like we saw in the last unemployment report and so the cycle starts again. Quote Link to comment Share on other sites More sharing options...
CrashConnoisseur Posted July 20, 2010 Share Posted July 20, 2010 (edited) The fall in the pound has been a big help to exporters. Friend who works in a metal bashing company tells me their newly won export orders are keeping them afloat. Edit: Spelling. Edited July 20, 2010 by CrashConnoisseur Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted July 20, 2010 Share Posted July 20, 2010 http://uk.finance.yahoo.com/news/cbi-factory-orders-balance-highest-in-almost-2-years-in-july-reuters_molt-694a9f33da4b.html?x=0 CBI say because the factories are busy no double dip. Interesting. My company had a tough 2009, just about breaking even but we are running at record levels this year due to the low pound, now can't build stuff fast enough and get enough raw materials. Products are designed in UK, component production in Eastern Europe and China with final assembly back in the UK. The vast majority of the profit stays in the UK. Customers are world wide but UK ones are still buying. A relative with finance related skills found that most jobs going were in the manufacturing sector. He now has a new job where products are made abroad but sold from the UK and the bulk of the profits stay in the UK. Quote Link to comment Share on other sites More sharing options...
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