Friday, Jun 02, 2006

Stagnation for UK Economy?

Independent: Stagflation fears stalk UK industry

The strong rebound in growth at Britain's factories hit a bump last month as output and new orders both slowed, a snapshot survey showed yesterday. The headline activity index produced by the Chartered Institute of Purchasing and Supply (Cips) fell in May from April's 117-month high. It eased to 53.2 from 54.0 on a scale where 50 separates expansion from contraction, only its second fall this year.

Posted by jason @ 07:36 AM (451 views)
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1. Ticktock said...

Stagflation is just about the worst thing that can happen to an economy & it does look increasingly likely that it will soon arrive on on our shores. No growth AND high inflation is bad bad news indeed.

Well done B.O.E.

Friday, June 2, 2006 04:36PM Report Comment

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