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Oliver Sutton

Uk Industry Malaise Hits Economic Recovery

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I thought manufacturing was supposed to get us out of this mess.

Telegraph - UK industry malaise hits economic recovery

The malaise engulfing manufacturing has wrecked the recovery according to business advisers BDO. They point to a rapid fall in business confidence and say companies expect little economic growth over the next six months.

The assessment is more pessimistic than earlier surveys suggesting that while the economy will continue to falter a "double dip" recession will be avoided. It reflects data from 11,000 companies employing 5m people and includes findings from CBI surveys, the Bank of England and the Institute of Purchasing and Supply.

BDO's manufacturing output index – measuring orders on hand and an early indicator of the manufacturing outlook over the next three months – fell to 93.9. This is below the 95 level which indicates contraction of the industry and is the lowest measure since October 2009.

Edited by Boadicea Overall

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The economy should be growing at least 2% per capita growth a year. Just based on productivity/technological improvements, which imo are beyond 2% a year growth.

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The assessment is more pessimistic than earlier surveys suggesting that while the economy will continue to falter a "double dip" recession will be avoided.

Hope, it's all we've got left now...

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The economy should be growing at least 2% per capita growth a year. Just based on productivity/technological improvements, which imo are beyond 2% a year growth.

Shouldn't the economy grow by at least govt borrowing?

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I think more than being a Pandoras box moment it's more like Old Mother Hubbard!!

Was she the one "with so many children, who lived in a shoe", all payed for by benefits? :blink::huh:

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  • 338 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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