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


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Old 03-01-2017, 20:23
Thiswillbefun
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The Purchasing index has often been more accurate than the ONS,
A survey is more accurate than actual figures?
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Old 03-01-2017, 20:24
Penny Crayon
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Did I read that right... from Andy
I might wee myself with excitement.
ROFL

I read your comment but didn't look at the poster name - I just KNEW it was you.
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Old 03-01-2017, 20:54
andykn
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Yes, with the emphasis on the word 'might' - inflation is a year on year measure so a balance might mean it is avoided - which is what happened in the early to mid 90's - the pounds loss of value did not lead to inflation.
Whilst that's an interesting precedent the fall in the pound then was back to more normal levels from an artificial high. This time round it was from a position already low from a long term decline.
My concern was always about our ability to sell to foreign markets once tariffs were imposed - hence why I voted remain, with in6y7flation increasing and leading to drops in home markets - but to be honest now I'm not so sure that will happen.
Inflation is already increasing. I don't think it'll be disastrous, just that the economy won't perform as well as if we'd stayed in.
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Old 03-01-2017, 23:03
paulschapman
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A survey is more accurate than actual figures?
The ONS does not have the full figures for up to 4 years after the initial announcement - which uses approximately 44% of all those required to calculate GDP.
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Old 03-01-2017, 23:06
paulschapman
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Inflation is already increasing. I don't think it'll be disastrous, just that the economy won't perform as well as if we'd stayed in.
For once we are in agreement - however note that inflation has been below the target for some years now and an increase in inflation would have happened regardless of the vote. I think you are right (and a number of economists have said the same) that growth will be lower post brexit than it would have been had we stayed in.
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Old 04-01-2017, 08:45
James_Orton
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For once we are in agreement - however note that inflation has been below the target for some years now and an increase in inflation would have happened regardless of the vote. I think you are right (and a number of economists have said the same) that growth will be lower post brexit than it would have been had we stayed in.
To be fair inflation based on consumption is better rather than based on cost increases.
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Old 04-01-2017, 13:56
onecitizen
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This is good news. Unfortunately for that reason this thread probably wont last long on the 1st page
It's amazing just how much the BBC (the Brussels Broadcasting Corporation) downplays good news stories but places massive emphasis on anything that can be construed in a negative way concerning Brexit.
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Old 04-01-2017, 13:57
Ads
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It's amazing just how much the BBC (the Brussels Broadcasting Corporation) downplays good news stories but places massive emphasis on anything that can be construed in a negative way concerning Brexit.
What evidence do you have of this?
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Old 04-01-2017, 14:07
Slojo
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What evidence do you have of this?
The Next story is a Headline with it's own report. The B&M success story is tucked away as a single mention in the Live Business section
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Old 04-01-2017, 14:37
andykn
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The Next story is a Headline with it's own report. The B&M success story is tucked away as a single mention in the Live Business section
And could you give us the relative sizes of the two firms please?
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Old 04-01-2017, 14:54
James_Orton
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And could you give us the relative sizes of the two firms please?
Turnover of 4billion for next, 1.5 billion for b&m
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Old 04-01-2017, 15:09
andykn
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Turnover of 4billion for next, 1.5 billion for b&m
Next are in the FTSE 100, B&M the 250. You'll need to find a better like for like comparison.
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Old 04-01-2017, 15:20
David_Flett1
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It's an economic indicator that uses mathematical modelling to come up with a figure. In my book, that is a projection. And I don't care how close it is to "hard data" it is often proven to be wrong.
Why is it that you believe everything that is doom laden but never believe anyone who projects a positive outlook? Different experts, different points of view, different statistical analysis yet you are only prepared to accept one side of the argument. It reminds me about everything that is written about SKY, if it's good news then in your opinion it must be right, if it's bad news or if another broadcaster, provider offers something good it must be wrong.
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Old 04-01-2017, 16:05
James_Orton
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Next are in the FTSE 100, B&M the 250. You'll need to find a better like for like comparison.
I was just answering the question for you but since you asked for like for like, turnover will be 3bn for B&M next time. So much more similar.

Maybe top shop is a better comparison but you will need to find their results.

Perhaps shoppers Re online now rather than the high street
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Old 04-01-2017, 16:33
andykn
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I was just answering the question for you but since you asked for like for like, turnover will be 3bn for B&M next time. So much more similar.

Maybe top shop is a better comparison but you will need to find their results.

Perhaps shoppers Re online now rather than the high street
The point was that the FTSE 250 company's results are not on the front page of the business news like a FTSE 100 company. A poster saw Brexit bias in that.
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Old Yesterday, 08:38
Thor_Noggsson
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Why is it that you believe everything that is doom laden but never believe anyone who projects a positive outlook? Different experts, different points of view, different statistical analysis yet you are only prepared to accept one side of the argument. It reminds me about everything that is written about SKY, if it's good news then in your opinion it must be right, if it's bad news or if another broadcaster, provider offers something good it must be wrong.
It's all quite simple really.
Post June 23rd anything bad that happens is due to the brexit vote and anything good would have been better but for the brexit vote.
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