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Realistbear

Factory Output Takes July Dip

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http://www.businesslink4london.com/index.c...;intItemID=4967

Factory output takes July dip
01.08.2006
Manufacturing activity slipped last month after hitting a two-year high in June, according to a closely watched survey.
Data from the latest Chartered Institute of Purchasing and Supply (CIPS) survey shows the main index dropped to 53.8 in July, down from a revised figure of 55.0 in June.
The fall was sharper than the modest decline predicted by many analysts. Nevertheless, the reading marks another month over 50, which signals expansion in the sector. A sub-50 reading indicates contraction.
Data from the survey shows that the sub-index for new orders also fell, dropping to 55.6 from a downwardly revised 57.3. However, export orders rose to 54.3 from 53.2.
Analysts suggest that today’s report will take pressure off the Bank of England’s Monetary Policy Committee (MPC) to raise the base rate.

I wonder if a CBI report will be out tomorrow with tales of despair and woe aimed at Gordon and the muppets? <_<

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http://www.businesslink4london.com/index.c...;intItemID=4967

Factory output takes July dip
01.08.2006
Manufacturing activity slipped last month after hitting a two-year high in June, according to a closely watched survey.
Data from the latest Chartered Institute of Purchasing and Supply (CIPS) survey shows the main index dropped to 53.8 in July, down from a revised figure of 55.0 in June.
The fall was sharper than the modest decline predicted by many analysts. Nevertheless, the reading marks another month over 50, which signals expansion in the sector. A sub-50 reading indicates contraction.
Data from the survey shows that the sub-index for new orders also fell, dropping to 55.6 from a downwardly revised 57.3. However, export orders rose to 54.3 from 53.2.
Analysts suggest that today’s report will take pressure off the Bank of England’s Monetary Policy Committee (MPC) to raise the base rate.

I wonder if a CBI report will be out tomorrow with tales of despair and woe aimed at Gordon and the muppets? <_<

"I wonder if a CBI report will be out tomorrow with tales of despair and woe aimed at Gordon and the muppets?"

Don't worry RB......we are almost guarenteed that the VI's will be out in force tomorrow. I personally have resigned myself to IR's not going up - Brown will not allow it until he's well out of sight.....

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I wonder if a CBI report will be out tomorrow with tales of despair and woe aimed at Gordon and the muppets? <_<

The Nationwide "Consumer Confidence" [whatever the f*ck that is] report is out today though - no doubt it will, in a timely fashion, warn of how the nation is worried about the economy, and how a rate hike will risk everything

Getting bored of BoE taking more notice of VI "confidence" reports, CBI spin etc that hard data like M4, debt, inflation [real not ONS 'magic' numbers]

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  • 301 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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