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Manufacturing Pmi At 16-Year High In December

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9:47, Tuesday 4 January 2011
) - Manufacturing activity expanded at its fastest pace in over 16 years in December and firms' costs rose at a record pace, a survey showed on Tuesday.
The findings may boost expectations that the Bank of England will raise interest rates this year from their record low of 0.5 percent...../
From a monetary policy perspective, more important perhaps is the services PMI Thursday, but the big picture is
we don't expect the MPC (050540.KQ - news) to do very much next week.
Job creation also stayed close to November (Berlin: NBXB.BE - news) 's near-survey-record pace.

Who is buying all of the stuff we are manufacturing? The EU, US and China--in that order?

Does not bode well for job loss related HPC. :(

Edited by Realistbear

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  • 312 Brexit, House prices and Summer 2020

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