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Manufacturing grows at its fastest rate in 2 1/2 years! |
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#1 |
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Join Date: Aug 2016
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Manufacturing grows at its fastest rate in 2 1/2 years!
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 |
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#2 |
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This is good news. Unfortunately for that reason this thread probably wont last long on the 1st page
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#3 |
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Join Date: Jul 2012
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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." |
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#4 |
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Quote:
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
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#5 |
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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. |
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#6 |
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Quote:
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. 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. |
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#7 |
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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. 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. |
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#8 |
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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.
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#9 |
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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.
Perhaps if you could provide an actual link to one of the things you've clearly misunderstood we can help. |
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#10 |
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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". |
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#11 |
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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. ![]() 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 ).
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#12 |
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Quote:
This is good news. Unfortunately for that reason this thread probably wont last long on the 1st page
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#13 |
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It might be good news, it's a purchasing index that Brexiters have dismissed as unreliable previously, not actual manufacturing figures.
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#14 |
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you don't do sarcasm, do you andy.
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in short, our exports are cheaper (and therefore more attractive) due to the fall in sterling. It is, but can't be kept up for ever. And it's not clear that it has helped our exports yet.
this is good news (or bad news if people only fixate on sterling ).
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#15 |
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Notice how the negative stories are running dry of late?
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#16 |
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The Purchasing index has often been more accurate than the ONS,
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#17 |
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Quote:
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. |
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#18 |
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Notice how the negative stories are running dry of late?
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#19 |
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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.
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#20 |
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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. |
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#21 |
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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!
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#22 |
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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.
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#23 |
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I can almost guarantee with absolute certainty these projections, and they are just that - wildly speculative projections, will be revised down.
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#24 |
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Didn't you say the same about GDP figures and were subsequently proved wrong?
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#25 |
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Quote:
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. 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 |
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).

Did I read that right... from Andy