DS Forums

 
 

Manufacturing grows at its fastest rate in 2 1/2 years!


Reply
Thread Tools Search this Thread
Old 03-01-2017, 10:35
James_Orton
Forum Member
 
Join Date: Aug 2016
Posts: 1,004

Yes, that is right. Looks like good news for those areas in the UK that are heavy manufacturing are doing exceptionally well.

Don't forget the economists are predicting doom and gloom again.

I saw this on the BBC and thought you should see it:

UK manufacturing growth 'strengthens' - http://www.bbc.co.uk/news/business-38494939
James_Orton is online now   Reply With Quote
Please sign in or register to remove this advertisement.
Old 03-01-2017, 11:39
Slojo
Forum Member
 
Join Date: Mar 2006
Posts: 2,423
This is good news. Unfortunately for that reason this thread probably wont last long on the 1st page
Slojo is offline   Reply With Quote
Old 03-01-2017, 11:50
MargMck
Forum Member
 
Join Date: Jul 2012
Posts: 17,637
And here's the Guardian joining in the celebrations.
https://www.theguardian.com/business...-business-live
"The upbeat PMI report on the UK’s manufacturing industry caught City analysts off guard."
These days it would be a major shock if it didn't!
How I love the smell of experts in the morning.

Anyway, plenty of room in the thread yet for all the "yeah but no, but yeah but" and "we haven't left yet."
MargMck is online now   Reply With Quote
Old 03-01-2017, 11:59
Annsyre
Forum Member
 
Join Date: Jun 2003
Posts: 97,113
Yes, that is right. Looks like good news for those areas in the UK that are heavy manufacturing are doing exceptionally well.

Don't forget the economists are predicting doom and gloom again.

I saw this on the BBC and thought you should see it:

UK manufacturing growth 'strengthens' - http://www.bbc.co.uk/news/business-38494939
Excellent news!
Annsyre is online now   Reply With Quote
Old 03-01-2017, 12:15
James_Orton
Forum Member
 
Join Date: Aug 2016
Posts: 1,004
It's very good news that the manufacturers are this optimistic. It sees to fly against all the info from the Walter Mitty type characters on here who run businesses, who say how bad things are.

I wonder if services are going to do as well.
James_Orton is online now   Reply With Quote
Old 03-01-2017, 12:22
Slojo
Forum Member
 
Join Date: Mar 2006
Posts: 2,423
It's very good news that the manufacturers are this optimistic. It sees to fly against all the info from the Walter Mitty type characters on here who run businesses, who say how bad things are.

I wonder if services are going to do as well.
Quite likely as the UK is a world leader in services.

However IMO as a country we are too dependent on services and we should be trying to readdress the balance by increasing our manufacturing base and investing in more automation in farming to produce more.
Slojo is offline   Reply With Quote
Old 03-01-2017, 12:34
James_Orton
Forum Member
 
Join Date: Aug 2016
Posts: 1,004
Quite likely as the UK is a world leader in services.

However IMO as a country we are too dependent on services and we should be trying to readdress the balance by increasing our manufacturing base and investing in more automation in farming to produce more.
I agree.

This country is too imbalanced. The brightest people leave uni thinking they must move to London. People talk about brain drains leaving the UK but our bigger problem is the brain drain to London.

An increasingly positive manufacturer Outlook can only be a good thing.
James_Orton is online now   Reply With Quote
Old 03-01-2017, 12:56
vanzandtfan
Forum Member
 
Join Date: Aug 2008
Posts: 8,588
Apparently largely due to the fall in the pound, which simply cannot be true since so many self-proclaimed informed and educated people have told me the fall in the pound is a disaster for the economy. This is clearly fake news.
vanzandtfan is offline   Reply With Quote
Old 03-01-2017, 13:01
andykn
Forum Member
 
Join Date: Jan 2003
Location: London SW6
Posts: 37,482
Apparently largely due to the fall in the pound, which simply cannot be true since so many self-proclaimed informed and educated people have told me the fall in the pound is a disaster for the economy. This is clearly fake news.
No, you just don't understand what you're being told. That's why referenda are a bad idea.

Perhaps if you could provide an actual link to one of the things you've clearly misunderstood we can help.
andykn is offline   Reply With Quote
Old 03-01-2017, 13:14
sangreal
Forum Member
 
Join Date: Aug 2007
Posts: 12,161
Always good news, but it couldn't really do much worse than it has over the past 6 years, could it?

UK Manufacturing has spent much of the past 6 years in negative growth
http://www.tradingeconomics.com/unit...ing-production

Click the 5Y button

2014 was a relatively good year, but other than that....?

Click the 10Y button to see how it was highest at the beginning of 2010 :--)

Also note how the article says "The weaker pound helped to boost orders from overseas, the survey found".
sangreal is offline   Reply With Quote
Old 03-01-2017, 13:15
Rastus Pieface
Forum Member
 
Join Date: Apr 2011
Location: Ripley (believe it or not)
Posts: 4,015
No, you just don't understand what you're being told. That's why referenda are a bad idea.

Perhaps if you could provide an actual link to one of the things you've clearly misunderstood we can help.
you don't do sarcasm, do you andy.

in short, our exports are cheaper (and therefore more attractive) due to the fall in sterling.
this is good news (or bad news if people only fixate on sterling).
Rastus Pieface is offline   Reply With Quote
Old 03-01-2017, 13:46
andykn
Forum Member
 
Join Date: Jan 2003
Location: London SW6
Posts: 37,482
This is good news. Unfortunately for that reason this thread probably wont last long on the 1st page
It might be good news, it's a purchasing index that Brexiters have dismissed as unreliable previously, not actual manufacturing figures.
andykn is offline   Reply With Quote
Old 03-01-2017, 13:47
paulschapman
Forum Member
 
Join Date: Feb 2007
Posts: 24,735
It might be good news, it's a purchasing index that Brexiters have dismissed as unreliable previously, not actual manufacturing figures.
The Purchasing index has often been more accurate than the ONS,
paulschapman is offline   Reply With Quote
Old 03-01-2017, 13:51
andykn
Forum Member
 
Join Date: Jan 2003
Location: London SW6
Posts: 37,482
you don't do sarcasm, do you andy.
I don't do lies. The fall in the pound isn't all bad, but it's not that good otherwise everyone would do it.
in short, our exports are cheaper (and therefore more attractive) due to the fall in sterling.
this is good news (or bad news if people only fixate on sterling).
It is, but can't be kept up for ever. And it's not clear that it has helped our exports yet.
andykn is offline   Reply With Quote
Old 03-01-2017, 13:52
Aye Up
Forum Member
 
Join Date: Mar 2001
Location: North West
Posts: 4,883
Notice how the negative stories are running dry of late?
Aye Up is offline Follow this poster on Twitter   Reply With Quote
Old 03-01-2017, 13:57
andykn
Forum Member
 
Join Date: Jan 2003
Location: London SW6
Posts: 37,482
The Purchasing index has often been more accurate than the ONS,
How would one know?
andykn is offline   Reply With Quote
Old 03-01-2017, 13:57
MargMck
Forum Member
 
Join Date: Jul 2012
Posts: 17,637
It might be good news, it's a purchasing index that Brexiters have dismissed as unreliable previously, not actual manufacturing figures.
Did I read that right... from Andy
I might wee myself with excitement.
MargMck is online now   Reply With Quote
Old 03-01-2017, 13:58
andykn
Forum Member
 
Join Date: Jan 2003
Location: London SW6
Posts: 37,482
Notice how the negative stories are running dry of late?
Only four threads by The Engineer on the front page, you mean?
andykn is offline   Reply With Quote
Old 03-01-2017, 13:59
jmclaugh
Forum Member
 
Join Date: Sep 2003
Location: Devon
Posts: 47,995
But surely it can't be due to exports, I mean the whole country is more racist now so manufacturers won't want to sell to johnny foreigner.
jmclaugh is offline   Reply With Quote
Old 03-01-2017, 14:06
aurichie
Forum Member
 
Join Date: Jan 2012
Posts: 5,100
I can almost guarantee with absolute certainty these projections, and they are just that - wildly speculative projections, will be revised down.

Our economy is in terrible shape and is on the verge of total collapse because of brexit.
aurichie is offline   Reply With Quote
Old 03-01-2017, 14:11
MargMck
Forum Member
 
Join Date: Jul 2012
Posts: 17,637
I can almost guarantee with absolute certainty these projections, and they are just that - wildly speculative projections, will be revised down.

Our economy is in terrible shape and is on the verge of total collapse because of brexit.
Hurrah! That must be worth several percentage points upwards!
MargMck is online now   Reply With Quote
Old 03-01-2017, 14:19
Mr Moritz
Forum Member
 
Join Date: Aug 2012
Posts: 806
But surely it can't be due to exports, I mean the whole country is more racist now so manufacturers won't want to sell to johnny foreigner.
Think you might find Johnny Foreigner has extensive shares in a lot of our manufacturing and we'll sell anything to anyone,
Mr Moritz is offline   Reply With Quote
Old 03-01-2017, 14:32
MartinP
Forum Member
 
Join Date: Aug 2000
Location: North London, UK
Posts: 28,048
I can almost guarantee with absolute certainty these projections, and they are just that - wildly speculative projections, will be revised down.
Didn't you say the same about GDP figures and were subsequently proved wrong?
MartinP is online now   Reply With Quote
Old 03-01-2017, 14:40
aurichie
Forum Member
 
Join Date: Jan 2012
Posts: 5,100
Didn't you say the same about GDP figures and were subsequently proved wrong?
No and no.
aurichie is offline   Reply With Quote
Old 03-01-2017, 15:25
paulschapman
Forum Member
 
Join Date: Feb 2007
Posts: 24,735
I can almost guarantee with absolute certainty these projections, and they are just that - wildly speculative projections, will be revised down.

Our economy is in terrible shape and is on the verge of total collapse because of brexit.
I can pretty much guarantee with absolute certainty that you are wrong - in that these are not projections but survey results from Purchasing Managers - the PMI is Calculated as follows;

PMI = (P1 * 1) + (P2 * 0.5) + (P3 * 0)

P1 = Percentage number of answers that reported an improvement.
P2 = Percentage number of answers that reported no change.
P3 = Percentage number of answers that reported a deterioration.

Thus, if 100% of the panel reported an improvement, the index would be 100.0. If 100% reported a deterioration, the index would be zero. If 100% of the panel saw no change, the index would be 50.0 (P2 * 0.5).

Therefore, an index reading of 50.0 means that the variable is unchanged, a number over 50.0 indicates an improvement, while anything below 50.0 suggests a decline. An index of 50.0 would arise if either all respondents reported no change or the number of respondents reporting an improvement was matched by the number of respondents reporting a deterioration.

They are not surveys of opinions, intentions or expectations and the data therefore represent the closest one can get to “hard data” without asking for actual figures from companies

see https://en.wikipedia.org/wiki/Purcha...ers'_Index
paulschapman is offline   Reply With Quote
 
Reply



Thread Tools Search this Thread
Search this Thread:

Advanced Search

 
Forum Jump


All times are GMT. The time now is 20:07.