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Uk Industrial Output Unexpectedly Falls In January

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http://uk.reuters.com/article/2015/03/11/uk-britain-economy-idUKKBN0M70U220150311

British industrial output expectedly fell in January hit by a reduction in work in the information technology and machinery sectors after a strong December, official figures showed.

Industrial output fell by a monthly 0.1 percent, compared with a forecast for a 0.2 percent increase from economists taking part in a Reuters poll.

The Office for National Statistics said manufacturing output slid 0.5 percent in January from December.

The biggest drag came from the computer, electronic and optical sector in which output plunged by 9.5 percent, its biggest monthly fall since early 2002, the ONS said.

Output in the sector had been boosted in December by a big public sector defence contract, an ONS official said.

So without the boost of a defence contract the figures would be even worse?

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and yet the UK economy is supposed to be in the midst of a massive recovery and recovering stronger than anywhere else in the world - according to Messrs Cameron, Osborne, Clegg and Cable plus various assorted pundits.

It doesn't say much for the rest of the world.

Edited by billybong

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A surprise, to whom? The UK economy has been slowing down since the middle of 2014 as the credit impulse from FLS/HtB expired. Most of Europe is in recession or close to it. Ditto the global economy, even as the dilatory halfwits at the Fed start hiking rates.

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I may be wrong but there is no correlation between the actual economy and the governments figures.

The governments figures went up with the Q.E. money printing, the real economy went down.

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and yet the UK economy is supposed to be in the midst of a massive recovery and recovering stronger than anywhere else in the world - according to Messrs Cameron, Osborne, Clegg and Cable plus various assorted pundits.

They're also saying the housing market has "recovered" since 2009. I think we need a new definition of "recovery". Recovery n. something that remains broken.

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So QE didn't work, all the money went into assets and none into workers' salaries or productive manufacturing/engineering.

The trouble is, the only people who can stop QE and take us back to a real bust/recovery are the same people who staked their careers on it working in the first place.

Edited by thehowler

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From the article I think it's difficult to read the monthly figure as some random piece of expensive equipment (planes, computer gubbin or they say defence contract messes up the comparison.

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Clearly what we need are some more, proper wars. Our crooked political elite are working on fixing that right now.

It certainly seems that way. What a better way to hide a economic collapse. The longer TPTB have to wait for conflict, the closer the collapse comes. Last thing they want is for them to get the blame.

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