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Realistbear

Construction Pmi Hits 8-Month High In February

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http://uk.finance.yahoo.com/news/Construction-PMI-hits-8-month-reuters_molt-1392290339.html?x=0

Construction PMI hits 8-month high in February
9:47, Wednesday 2 March 2011
LONDON (
Reuters
) - Construction activity grew at its fastest pace in 8 months in February, boosted by new business, the monthly Markit/CIPS purchasing managers index showed on Wednesday.
The headline activity index rose to 56.5 in February from 53.7 in January,
confounding analysts' forecasts
for a fall to 52.9.

So, manufacturing at a multi-year high, contruction bursting forth and Merv is gloomy? Are these numbers tractor production figures or are they desperate attempts to make people think there is a recovery underway?

This positive news has been bad news for stocks which shows good fundamentals are a sell and bad news is a buy. Contrarian market continues.

FTSE 100 5,888.20 -47.56 -0.80%

Edited by Realistbear

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The only way merv can limit the damage from the forthcoming $150 oil is whack up rates fast, I would suggest at least a shock 0.5% hike this month to give sterling a boost and lower the relative cost of oil imports.

All this good economic news gives him space to act.

Edit: made post relevant to the thread.

Edited by Pent Up

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Housebuilders opening up sites ready to build in the spring and summer!

I am seasonaly unsurprised.

Housebuilders like many other myopic bubble industries in this country will carry on doing what they do until they can't.

Surely this would be seasonally adjusted?

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http://uk.finance.yahoo.com/news/Construction-PMI-hits-8-month-reuters_molt-1392290339.html?x=0

Construction PMI hits 8-month high in February
9:47, Wednesday 2 March 2011
LONDON (
Reuters
) - Construction activity grew at its fastest pace in 8 months in February, boosted by new business, the monthly Markit/CIPS purchasing managers index showed on Wednesday.
The headline activity index rose to 56.5 in February from 53.7 in January,
confounding analysts' forecasts
for a fall to 52.9.

So, manufacturing at a multi-year high, contruction bursting forth and Merv is gloomy? Are these numbers tractor production figures or are they desperate attempts to make people think there is a recovery underway?

This positive news has been bad news for stocks which shows good fundamentals are a sell and bad news is a buy. Contrarian market continues.

FTSE 100 5,888.20 -47.56 -0.80%

I predict the muppets at the MPC may raise rates by .25% but quickly reversed it when the reality of the recession hits home. Manufacturing is totally irrelevent in today's Britain of money-shufflers, it's all about financial services and shopping and those two ain't looking good if anecdotal evidence from JLP and Primark are anything to go by. Sick man of Europe once again (even Spain is growing). That's what happens when you don't make anything like the Germans or French.

As an aside, think we're seeing UK becoming like Japan's lost decade. Sterling strong, IRs never rising, housing market never recovers (shame for all those HPCers praying for a late 90s take off :( *), mired in debt etc.

*= :P

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Surely this would be seasonally adjusted?

You may be right?

The OP said in the last eight months which would be from about june last year so I am thinking peak building season should be busy and would have tailed off heading towrds winter and will now unsurpisingly pick up.

Not sure what sort of lag between order and delivery in the housebuilding sector.

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Probably due to inflation being higher than reported.

Really interested to see the UK Job creation numbers when they arrive , should be strongly positive with the large expansion in construction and manufacturing.

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  • 311 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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