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gruffydd

Uk Industrial Output In Shock Fall

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O dear.

Still it's all contained.

It gets better...

The ONS also published data showing that annual factory gate inflation slowed less than expected in July to 5pc from 5.1pc, after a monthly rise in food prices outweighed a drop in petrol costs.

Input price inflation increased 10.8pc from 10.7pc in June.

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It gets better...

The ONS also published data showing that annual factory gate inflation slowed less than expected in July to 5pc from 5.1pc, after a monthly rise in food prices outweighed a drop in petrol costs.

Input price inflation increased 10.8pc from 10.7pc in June.

Somebody had better print more money before the SHTF.

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Input price inflation increased 10.8pc from 10.7pc in June.

No wonder industry is hurting , alarming inflation figures coming through.

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Not to worry it will be an outputless recovereh.

All good news for the Pound.

The markets can only concentrate on one crisis at a time, at the minute this is the non-recovering US, the one before that was the European sovereign debt, no doubt we'll be next when our housing market goes down in flames...

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agree. Working in manufacturing, same company for a number of years. Mainly making equipment for hospitals, prisons, schools, but also for private companies, offices, etc. "Normal" monthly output always 1.3-1.6 Millions. Hmmm, lets look again: May 1.1M, June 900K, July 750K. Forecast for august 600K. RECOVERY LOCKED IN

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agree. Working in manufacturing, same company for a number of years. Mainly making equipment for hospitals, prisons, schools, but also for private companies, offices, etc. "Normal" monthly output always 1.3-1.6 Millions. Hmmm, lets look again: May 1.1M, June 900K, July 750K. Forecast for august 600K. RECOVERY LOCKED IN

You must be describing the counter recovery based recovery? It all makes sense now.

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I can't cope with all this deflation, cut interest rates to get prices up !!!

Exactly, but soon we'll have negative interest rates and all we'll do is speculate with each other. There won't be any industrial production left and once at 0, output will stop falling! It will be the terminal recovery.

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agree. Working in manufacturing, same company for a number of years. Mainly making equipment for hospitals, prisons, schools, but also for private companies, offices, etc. "Normal" monthly output always 1.3-1.6 Millions. Hmmm, lets look again: May 1.1M, June 900K, July 750K. Forecast for august 600K. RECOVERY LOCKED IN

Excellent, the decreasing recovery.

So the public sector is cutting back on the spending then?

Have you considered that your "normal" output was in fact govt deficit spending norma

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Exactly, but soon we'll have negative interest rates and all we'll do is speculate with each other. There won't be any industrial production left and once at 0, output will stop falling! It will be the terminal recovery.

Once production is at 0 the only way is up, unless we can produce less than nothing?

Strangely I'm now thinking Kerry Katona.

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Look at the data. Yes, industrial production fell 0.5% on the month. This was due to a massive plunge in oil and gas output dur to maintenance work in oil and gas fields. Usually happens in August but was mainly in July this year. August/Sept will see a bounce in these areas.

The key number to focus on is manufacturing if you want to get an idea of the underlying strength. Manufacturing output was up 0.3% having posted its largest calendar quarter gain for god knows how many years.

Now I'm a huge bear having stupidly not bought about 8 years ago but the manufacturing sector is at its strongest for many years. Yes, this could be a peak and decline going forward but at least take a detailed look at the evidence

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Exactly, but soon we'll have negative interest rates and all we'll do is speculate with each other. There won't be any industrial production left and once at 0, output will stop falling! It will be the terminal recovery.

dont worry im sure they will start a good war to sort it out and distract attention

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Look at the data. Yes, industrial production fell 0.5% on the month. This was due to a massive plunge in oil and gas output dur to maintenance work in oil and gas fields. Usually happens in August but was mainly in July this year. August/Sept will see a bounce in these areas.

The key number to focus on is manufacturing if you want to get an idea of the underlying strength. Manufacturing output was up 0.3% having posted its largest calendar quarter gain for god knows how many years.

Now I'm a huge bear having stupidly not bought about 8 years ago but the manufacturing sector is at its strongest for many years. Yes, this could be a peak and decline going forward but at least take a detailed look at the evidence

Nice, balanced retort...but lookee here:

"The suspicion going forward is that manufacturing will lose momentum," Howard Archer, economist at IHS Global Insight, told Reuters. "There are hints that the second quarter may have been the peak of manufacturing activity. And certainly the inventory adjustment will probably soon come to an end."

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Nice, balanced retort...but lookee here:

"The suspicion going forward is that manufacturing will lose momentum," Howard Archer, economist at IHS Global Insight, told Reuters. "There are hints that the second quarter may have been the peak of manufacturing activity. And certainly the inventory adjustment will probably soon come to an end."

Good job it's just a freak occurrence and it isn't happening in other countries.

Oh, hang on a minute, this was also 'unexpected'...

http://www.rttnews.com/Content/AllEconomicNews.aspx?Node=B2&Id=1385716

German manufacturing output unexpectedly dropped in June following strong increases in previous three months, data released by the Federal Ministry of Economics and Technology showed Friday. But, the decline is unlikely to hurt the German industrial sector recovery.

The seasonally adjusted manufacturing output fell 0.6% month-on-month in June following a revised 2.9% rise in May. That was the first fall in four months. Economists had forecast a 0.5% increase.

"June's modest fall in German industrial production does not change the picture of a rapidly recovering industrial sector, which probably caused GDP to surge in the second quarter," said Jennifer McKeown, an economist at Capital Economics.

Production of intermediate goods dropped 1% month-on-month, reversing the 3.1% rise in May and capital goods output declined 1.1% following a 4.1% increase. The annual growth in manufacturing output eased to 10.9% in June from a revised 12.9% recorded in May. Manufacturing production was expected to rise 11.6% year-on-year.

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Nice, balanced retort...but lookee here:

"The suspicion going forward is that manufacturing will lose momentum," Howard Archer, economist at IHS Global Insight, told Reuters. "There are hints that the second quarter may have been the peak of manufacturing activity. And certainly the inventory adjustment will probably soon come to an end."

my god, posters forget the 2 trillion in world wide STIMULUS our guy in charge was HAILED for at the 2009 G20....course manufacturing went up.

now they are talking about double dip everywhere.....why? oh yeah!!...the STIMULUS has run out of steam.

US house prices falling 8K because the 8K STIMULUS payments are finished.

Car sales fall as the CASH FOR CLUNKERS STIMULUS is ended.

now we have MORE DEBT and the MEANS TO REPAY IT is falling off as the demand is not there in the quantities needed..

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I can't cope with all this deflation, cut interest rates to get prices up !!!

when are sheeple going to understand...deflation and inflation is not about MONEY...its about what you have OF VALUE. WEALTH.

Your WEALTH is disappearing fast.

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  • 191 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%



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