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Realistbear

Manufacturing P M I Shows 7 Month Low

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http://uk.finance.yahoo.com/news/Manufacturing-PMI-7-month-low-reuters_molt-1709107210.html?x=0

Manufacturing PMI at 7-month low in April - CIPS/Markit
Peter "Pete" Griffiths, 9:31, Tuesday 3 May 2011
LONDON (Reuters) - Mufacturing activity grew less robustly than expected in April, at its weakest pace in 7 months, and a sharp slowdown in new orders cast a cloud over what has been a rare bright spot in the economy.
The Markit/CIPS manufacturing PMI headline index, published on Tuesday, fell to 54.6 in April, its lowest since September, from a downwardly revised 56.7 in March and well below the 56.9 consensus forecast in a Reuters poll. Figures above 50 show expansion...../
But Rob Dobson, senior economist at survey compilers Markit, doubted that this would last.
"The manufacturing growth spurt looks to be fading rapidly," he said. "The outlook has deteriorated sharply, with ne w orders growth having collapsed from a booming pace at the start of the year to only register a weak influx of new business in April.

Reality is back.

Pound reacting badly--no more contra boosts on news--bad or good.

Edited by Realistbear

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The figure for new UK orders is slightly concerning. Then again the spike to 65 in January could indicate that there was a bit of over ordering that is now correcting itself. Export orders and Employment both improved.

The figure is still above the long run average and I will be interested to see if the figure of UK orders bounces back in May. The other interesting thing is that in the ROI Manufacturing PMI strong growth was attributed to orders coming from the UK.

What is most surprising is the Markit commentary which is almost entirely negative and follows the general UK narrative of ensuring sentiment is kept down to ensure IR do not rise. Almost as if an organised campaign is being waged to take pressure of the MPC.

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RB, have you exchanged yet?

When RB buys, well you know how it goes."the last bear turned bu........................! Its going down.........

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  • 285 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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