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Fears Of Slowdown Grow As Industrial Production Figures Fall

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http://www.guardian.co.uk/business/2011/sep/07/fears-of-slowdown-grow-as-industrial-production-figures-fall

Government hopes for a manufacturing boom to drag Britain out of its slump were dealt a blow on Wednesday after news that industrial production fell unexpectedly in July.

Figures from the Office for National Statistics showed production continuing to lose momentum following strong growth last year. Manufacturing output rose just 0.1% in July, while the wider measure of industrial production fell 0.2%.

Part of the decline was explained by a drop in oil and gas extraction following longer maintenance schedules in the North Sea. But economists said temporary factors failed to disguise a downward trend since the beginning of the year.

Merv had better devalue sterling even more so we can manufacture our way out of this mess.

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Yes, a 20 to 25% devaluation over the next year should do it.

Providing a much needed tonic to impoverished Central London millionaires, as savvy buyers, sniffing out bargains, snap up central London properties.

shame about the ones who already snapped up their "bargains" last time round.

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no, no, no, it's just moving sideways in a reversed upwards direction, everything is way ahead of the curve

That's right :)

The "sideways" movement of the economy can be blamed on the usual excuses:

The Riots

The wet weather during the summer

The Royal Wedding

The warm weather during the Spring

The cold weather during the Winter

The "Mild" weather during the Winter (Autoglass used this lame excuse :P)

Last year's volcanic ash

The end of the scrappage scheme

The lack of a stamp duty holiday

The lack of unsustainable debt available to SMEs

The lack of 150% mortgages to keep the delusion afloat :P

Their excuses are getting worse ... they will blame the damp and windy weather over Autumn as well .... bloody liars :lol:

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Even Germany is slowing according to the BBC. 3% in two months ...

"German exports fell by 1.8% in July, much more than expected, official figures have shown.

The month-on-month fall compares with a 1.2% decline in June. Economists had only expected exports to contract by 0.1% in July."

The ECB's decision to put up rates is looking better and better by the day...

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Even Germany is slowing according to the BBC. 3% in two months ...

"German exports fell by 1.8% in July, much more than expected, official figures have shown.

The month-on-month fall compares with a 1.2% decline in June. Economists had only expected exports to contract by 0.1% in July."

Yet: German Industrial Production Surged Most in More Than a Year

Industrial production in Germany surged the most in more than a year in July as
late school holidays boosted factory output
.
Production jumped 4 percent from June, when it dropped 1 percent, the Economy Ministry in Berlin said today. That’s the biggest gain since March 2010. Economists had forecast an increase of 0.5 percent, the median of 37 estimates in a Bloomberg News survey showed. In the year, output rose 10.1 percent when adjusted for working days.

Late school holidays? That's a new one.

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  • 336 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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