Monday, Nov 06, 2006

Please don't raise rates!!! Bleat, bleat...

BBC: Weak data spark UK growth fears

Looks closely though and the drop is from 0.7% growth to 0.6% growth - This data hardly warrants this extravagant headline from mthe BBC.

UK manufacturing weakened in September, sparking fears that official growth forecasts could be cut.
Factory output growth slowed for the first time in five months, rising 0.6% as against 0.7% in August, Office for National Statistics (ONS) data showed.

The wider measure of industrial production rose 0.2% on the month, and 0.1% in the three months to September.

Posted by tyrellcorporation @ 11:08 AM (374 views)
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6 Comments

1. kpjcomp said...

The word weakened is wrong!!, a 0% increase means no movement. Just goes to show how dumb the BBC are.
IOW: The economy has'nt weakened at all, in fact it's still growing by 0.6% per month or 7.4% per year.

Monday, November 6, 2006 11:45AM Report Comment
 

2. Little Professor said...

This article is so funny!

"As a result of the weak overall output figures, the ONS warned estimates that economic growth would increase by 0.7% in the third quarter could be cut by *****0.04%*****."

Wooooh! So scary! And I thought halloween was over.


"Overall, this report shows a mildly disappointing outcome that will help to calm some market worries over the potential for a 50 basis point interest rate hike on Thursday," said ING economist James Knightley. "It certainly raises questions further ahead as to how high rates need to go, with growth failing to reach trend levels, let alone exceed them."

Bleat, bleat, bleat

Monday, November 6, 2006 11:46AM Report Comment
 

3. paul said...

To BBC website team:

----------------------
The statement "UK manufacturing weakened in September" is factually incorrect, because manufacturing has grown by 0.6%. UK manufacturing growth has weakened by 0.1%, but manufacturing itself has not.

Please be a little more accurate and rigorous (and a lot less biased) in your reporting.
----------------------

They will reply, in about a month, with a statement like "While we try to be accurate .... "

The answer is to disconnect your TV and not pay your license fee of course.

Monday, November 6, 2006 12:41PM Report Comment
 

4. Dohousescrashinthewoods said...

I can thoroughly recommend ditching the telly.

3 years in and:
1. I'm far better informed.
2. I have time for important things; not least conversation with my wife.

Monday, November 6, 2006 02:16PM Report Comment
 

5. harold said...

Well done BBC for your critical evluation of this timely 'report' - not.

Monday, November 6, 2006 04:58PM Report Comment
 

6. Chillilizard said...

Three months ago I signed up for NTL cable. I have to say for the first month, the telly is bearable; that is while you have access to all the extra channels. Then suddenly they dissappear. I've barely watched anything since. Throw out the telly - what you are paying for is a channel for marketers to interrupt your lives!!!!!!

Tuesday, November 7, 2006 11:18AM Report Comment
 

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