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

Snow Pushes P M I Up A Record Amount

Recommended Posts

http://uk.finance.yahoo.com/news/Manufacturing-PMI-hits-record-reuters_molt-285581897.html?x=0

Manufacturing PMI hits record high in January
Keith Weir, 9:31, Tuesday 1 February 2011
LONDON (
Reuters
) - Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.
Employment in the manufacturing sector also rose at the quickest pace since the records began.

Without job lossses the HPC is off. Emigration is the only option.

But can we believe the governments production figures?

Share this post


Link to post
Share on other sites

They are not Govt produced figures.

The one to watch is thursdays services PMI figure. If that is good and it was services in the q4 GDP finger in the air guess from a Govt agency that was meant to have caused the negative figures, then Blinky Balls is going to look a complete chump.

Share this post


Link to post
Share on other sites

http://uk.finance.ya...581897.html?x=0

Manufacturing PMI hits record high in January
Keith Weir, 9:31, Tuesday 1 February 2011
LONDON (
Reuters
) - Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed.
Employment in the manufacturing sector also rose at the quickest pace since the records began.

Without job lossses the HPC is off. Emigration is the only option.

But can we believe the governments production figures?

cool .... BoE muppets will have to raise the rates ...

Share this post


Link to post
Share on other sites

But manufacturing makes up less of the economy than it did when these records began. So it is a large increase of a smaller percentage. And it won't last.

And I am sure the snow was a factor which will help Osborne's credibility.....;hang on.........................

Share this post


Link to post
Share on other sites

Without job lossses the HPC is off. Emigration is the only option.

But can we believe the governments production figures?

GBP/USD = 1.6113

Recovery is locked in now, buy Sterling on the dips :lol:

Share this post


Link to post
Share on other sites

Doesn't manufacturing account for something like 17% of jobs in the UK? If so, even a major increase in the workforce there isn't going to offset job losses elsewhere. UK manufacturing tends not to be especially labour intensive at the best of times...

Share this post


Link to post
Share on other sites

Manufacturing activity grew in January at its fastest pace since records began in 1992

Weren't we in a recession in 1992?

Share this post


Link to post
Share on other sites

Doesn't manufacturing account for something like 17% of jobs in the UK? If so, even a major increase in the workforce there isn't going to offset job losses elsewhere. UK manufacturing tends not to be especially labour intensive at the best of times...

It is not just the direct jobs in the manufacturers themselves that will benefit. There are all the other services or goods the manufacturers themselves buy and shipping of goods and the employees spending more money in the community. It will be a virtuous circle for those communities.

Share this post


Link to post
Share on other sites

Don't worry too much RB - it's two fifths of nothing.

When manufacturing grows to be a big share of the economy you might notice the effect of growth in that sector.

Put it this way I think you'll find it hard to spot any change in Brighton as a result.

Yes correct. The only sector that matters is the 'service' sector in Britain now; financial services, money shuffling, restaurants, retail, coffee shops et al. Brighton's a pretty good microcosm of Nu Labour's 'miracle' economy so it'll be especially hard hit methinks.

Share this post


Link to post
Share on other sites

Doesn't manufacturing account for something like 17% of jobs in the UK? If so, even a major increase in the workforce there isn't going to offset job losses elsewhere. UK manufacturing tends not to be especially labour intensive at the best of times...

so you suggest that instead we should borrow more money and waste them in the public sector so we can artificially boost GDP and call it the Recovery ????

Share this post


Link to post
Share on other sites

so you suggest that instead we should borrow more money and waste them in the public sector so we can artificially boost GDP and call it the Recovery ????

Not sure how you read that into my comment - there's no hidden suggestion in there.

The point I was trying to make is that even if UK manufacturing performs well, it isn't a large enough sector of the economy to make up for job losses elsewhere unfortunately. In China, an uptick in manufacturing is likley to affect the job numbers in much bigger ways since the economy is much more geared towards producing things. Furthermore, at the moment China specialises in low-end manufacturing which is more labour intensive. The UK sector focuses on much higher quality products which, while earning a lot of money, doesn't employ people on such a scale.

Edited by rantnrave

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.

  • 312 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.