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B B C: Ongoing Manufacturing Export Boom

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'Ongoing manufacturing export boom':

http://news.bbc.co.uk/1/hi/business/5310620.stm

Manufacturing firms across the UK are continuing to enjoy their biggest rise in exports since 1995, but domestic orders remain flat, a report says.

The study by the Engineering Employers Federation (EEF) said 14% of the 1,000 firms it questioned reported a rise in export orders in the past three months.

The fourth quarter in a row of growth, it is also the best consecutive rise in manufacturing exports in 11 years.

As a result, the EEF said confidence among manufacturers remained high.

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:blink:

Trade balance says nooooooooh.

http://www.statistics.gov.uk/cci/nugget.asp?id=199

The UK’s
deficit on trade in goods and services was £4.0 billion in June
, £0.7 billion lower than the level of £4.7 billion in May (previously published as £4.4 billion).
The surplus on trade in services was £2.5 billion in June, £0.2 billion higher than in May.
The
deficit on trade in goods in June was £6.5 billion,
compared with a deficit of £7.0 billion in May (previously published as £6.8 billion).

According to the ONS, we are still running a deficit of a good size.

Edited by Realistbear

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Have you read this!!!!

14% of the 1,000 companies said exports rose in the last 3 months!!!

86% obviously had negative or flat orders.

HOW THE F*CK IS THIS A 'BOOM'????

BBC make me sooo angry at times. This is SPIN SPIN SPIN. Denial at its best!!!

TB

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It's just occured to me that the 14% is most likely a net figure. Bloody BBC

It's just occured to me that the 14% is most likely a net figure. Bloody BBC

Yep, as I thought:

The survey highlights the increasing divergence between export and domestic order books which have now been on different tracks for the best part of four years. Whilst a balance of 14% of companies saw export orders increase in the last three months, the domestic order balance fell to zero, the lowest for a year.

EEF Survey

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Hold on, don't the BBC know the rules!

Beginning of the month, high street down, manufacturing down, HPI stable....

Wait until MPC meeting is over and then go into uber-bull mode!

Must've been the new YTS kid getting ahead of himself!

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Exports Per Inhabitant

Ireland $21754

Belgium $18556

Luxembourg $18046

Netherlands $13544

Norway $12915

Switzerland $10,846

Denmark $9420

Sweden $8473

Austria $8445

Canada $8378

Finland $8255

Iceland $7192

Germany $6940

France $4959

UK $4480 <----We are here

Italy $4200

Czech Republic $3255

Japan $3170

Hungry $3079

Spain $2918

Portugal $2383

USA $2556

Slovakia $2340

Poland $937

Greece $898

http://www.bfs.admin.ch/bfs/portal/en/inde...kennzahlen.html

Edited by Della

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***** Triumphant stirring military music *****

This is the BBC World Service calling the world

Here the headlines from the glorious People´s Republic of Great Britain:

The miracle economy continues apace with GDP up a staggering 110%

House prices set to rise 50% a year from now on thanks to the miracle economy

Happy citizens present their magnificent leader Sir Tony "The Great" Blair with a garland of flowers to show their appreciation for living in such a sucessful nation

Invasion of Iraq a success as 10,000 insurgents succumb to the superior firepower of our brave boys "Gotcha !"

A-level results prove the intelligence of the British youth - with a stunning 99.99% achieving grade A++

Buy to let an outstanding success as pioneering members of our noble citizenry buy up the whole of Tokyo as a property investment.

***** Triumphant stirring military music *****

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I remember these actual headlines in the newspaper Pravda (my Dad got a UK copy when I was 14):

All children will have shoes by end of year!!

Aluminium production up 800%!!

I had a friend (a translator) who was brought up under the Soviet regime. Every week as a teenager he had to go to a "Young Farmers" gathering to talk about increasing agricultural production. He told me they used to sit in a ring, mouthing these platitudes back and forth to each other, winking whenever the local Party official wasn't looking. The moment they were out of his clutches, they would fall about laughing.

I imagine such a world would be a utopia for Tony, Gordon, Patricia and co.

sadly, the spin here seems to be rather more successful in indoctrinating the recipients... another triumph for the free market(ing department)?

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Every week as a teenager he had to go to a "Young Farmers" gathering to talk about increasing agricultural production. He told me they used to sit in a ring, mouthing these platitudes back and forth to each other, winking whenever the local Party official wasn't looking.

I imagine such a world would be a utopia for Tony, Gordon, Patricia and co.

Sounds just like a meeting of estate agents :rolleyes:

Edited by Caledonian-Emigre

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To be fair, British exports are probably significantly undervalued due to the number of companies that do R&D here and manufacture abroad. In my last job the most expensive components were made in Taiwan, the completed products were assembled in China, and then shipped to customers around the world: is that included as an 'export'? Heck, if someone in the UK bought one of our products it was probably classed as an 'import'.

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If Scotland was an independent country then:

Without Oil and Gas money exports would be $6612 per person

With the Oil and Gas assuming 95% is exported, exports would be $17497 per person

I don't know if the figure for non oil exports includes "exports" to England, so it could well be quite a bit higher.

For comparison:

UK $4480

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If Scotland was an independent country then:

Without Oil and Gas money exports would be $6612 per person

With the Oil and Gas assuming 95% is exported, exports would be $17497 per person

I don't know if the figure for non oil exports includes "exports" to England, so it could well be quite a bit higher.

For comparison:

UK $4480

You forget that no-one actually works in scotland

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You forget that no-one actually works in scotland

Well a certain country in the UK doesn't seem to be working, and it ain't Scotland. Apparently it's not Wales or Northern Ireland either, I wonder just who it could be...it's a bit of a mystery...

If Wales was an independant country then exports would be $5438 per person

If Northern Ireland was an independant country then exports would be $4816 per person

Recap:

Scotland $17497

UK $4480

Edited by Della

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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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