Tuesday, Oct 06, 2009

More green shoots

BBC: Shock fall in industrial output

"Industrial output unexpectedly fell in August due to factories closing for maintenance and the summer break.
It fell 2.5% compared with the previous month, the biggest such fall since January, according to the Office for National Statistics (ONS).
Manufacturing output, which excludes energy production, fell 1.9%."

Posted by phdinbubbles @ 10:52 AM (867 views)
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4 Comments

1. mrflibble said...

Industrial output down 2.5%, house prices up 1.6%, car sales up 11%, we are indeed spending our way into bankruptcy.

Not long now before the Four Horsemen of the Apocalypse ride into town.

Tuesday, October 6, 2009 11:10AM Report Comment
 

2. uncle tom said...

- UK manufacturing output falls by 1.9% against a market expectation of 0.3%.

- Australian central bank raises interest rates unexpectedly

- FTSE up by 1.4%

What does this tells us?

- that UK manufacturing is now less significant to the FTSE than economic news on the other side of the planet..!

Tuesday, October 6, 2009 11:42AM Report Comment
 

3. fallingbuzzard said...

60% of FTSE earnings and most of the growth in earnings is from outside the UK. 25% of the current value is down to the UK versus ROW. I don't know why people think that the level of the FTSE has anything to do with the health of the UK economy, other than it encouraging financial services growth.

Tuesday, October 6, 2009 02:12PM Report Comment
 

4. mr g said...

"UK industrial output fell unexpectedly in August, confounding analysts' expectations of an increase"

Isn't it time that the so called economic "experts" and analysts were included in the "Comedy Club" along with Assetz and other VI's?

Tuesday, October 6, 2009 06:17PM Report Comment
 

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