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Services sector smashes forecasts |
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#1 |
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Join Date: Mar 2006
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Services sector smashes forecasts
From the BBC Business live section
Services sector smashes forecasts The UK services sector hit a 17-month high of 56.2 in December - beating all forecasts and rising a full point from November's reading. "A buoyant service sector adds to signs that the UK economy continues to defy widely-held expectations of a Brexit-driven slowdown," said Chris Williamson of Markit, which conducts the PMI surveys. Similar surveys of manufacturers and construction companies earlier this week also beat expectations. |
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#2 |
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Join Date: Aug 2000
Location: North London, UK
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More good news!
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#3 |
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Join Date: Mar 2013
Posts: 4,031
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Theengineer will be gutted.
It must be very disheartening to have to search the net daily for absurd/made up anti-brexit stories when all the official figures and statistics show the uk economy is in good shape. |
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#4 |
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Join Date: Dec 2008
Posts: 182
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Wait until someone jumps in and says "we haven't left yet"
One of the most used lines in the guardian comments. |
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#5 |
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Join Date: Feb 2013
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Quote:
Wait until someone jumps in and says "we haven't left yet"
One of the most used lines in the guardian comments. |
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#6 |
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Join Date: Aug 2016
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More fantastic news.
It just shows the Walter Mitty types with their own crumbling businesses are talking through their peep hole. Bar a couple of months around the vote all our sectors are flourishing. Not only that they are now increasing further in growth. It will be are for people to suggest the country is in a poor state right now. Well, hard for anyone with sense easy for the Walter Mitty types. |
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#7 |
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Join Date: Dec 2000
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The future will depend on whether it is ultimately a Hard Brexit or a Soft Brexit or even something concocted between the two such as a Inbetweenie Brexit. In any case we will be dictated to by Brussels, like everything else, what Brexit they will let us can have.
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#8 |
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Join Date: Jun 2003
Posts: 97,109
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Excellent news.
This seems aslso to be very good news Brexit will allow the UK to halve net migration, a major study finds today. The cut will provide a long-term boost to wages and help ease the national housing crisis, say Cambridge University researchers. Any negative impact on growth will only be tiny and would probably have happened even without a vote to leave, their report reveals. http://www.dailymail.co.uk/news/arti...mongering.html |
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#9 |
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Join Date: Nov 2007
Location: Kent
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Quote:
That's because its true. You haven't left yet, so why wouldn't your exports be doing well? You're still in the single market and sterling is low, so obviously exports will benefit until one or other of those things changes.
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#10 |
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Join Date: Jul 2003
Location: Pimlico, central London, UK
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Quote:
The future will depend on whether it is ultimately a Hard Brexit or a Soft Brexit or even something concocted between the two such as a Inbetweenie Brexit. In any case we will be dictated to by Brussels, like everything else, what Brexit they will let us can have.
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#11 |
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Join Date: Jul 2003
Location: Pimlico, central London, UK
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So all the doom and gloom Brexit threads by The Engineer, Tahiti, Trevgo et all are all cobblers because we haven't left yet?
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#12 |
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Join Date: Feb 2013
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Quote:
So all the doom and gloom Brexit threads by The Engineer, Tahiti, Trevgo et all are all cobblers because we haven't left yet?
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#13 |
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Join Date: Aug 2016
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Depends on the sector. Certainly things have slowed down un the sector I work in since the vote
The country is doing well regardless of the ridiculous amount of could do articles the drama Queens like posting. |
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#14 |
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Join Date: Nov 2007
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Quote:
Depends on the sector. Certainly things have slowed down un the sector I work in since the vote
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#15 |
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Join Date: Jul 2012
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Quite possibly. Does it matter? We know what the situation is now, not what the situation will be post-Brexit, and the situation now is that you are in a single market with your currency low against that of the currency used by the majority of other countries in the single market. Obviously your exporters will benefit from the current situation, it doesn't mean they will continue to flourish if you leave the single market and/or the price of sterling goes up.
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#16 |
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Join Date: Feb 2013
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Of course we never deal with anyone outside this treasured single market, do we?
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#17 |
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Location: Coventry
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Is it just me or does the Economy seem to be doing rather well now we have some certainty knowing we're leaving the EU. Infact performing better now than pre-Brexit vote for some areas.
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#18 |
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Join Date: Aug 2012
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Sorry but every single negative thread/post started by the aforementioned and others is all because of the vote to leave. Yet every positive thread of the economy doing well is excused by "we haven't left yet". You can't have it both ways.
I wish somebody would talk about future investment in manufacturing and training, I'm never comfortable with an over reliance on the service sector even though it's good news nonetheless. |
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#19 |
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Join Date: Aug 2012
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Quote:
Quite possibly. Does it matter? We know what the situation is now, not what the situation will be post-Brexit, and the situation now is that you are in a single market with your currency low against that of the currency used by the majority of other countries in the single market. Obviously your exporters will benefit from the current situation, it doesn't mean they will continue to flourish if you leave the single market and/or the price of sterling goes up.
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#20 |
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Join Date: Feb 2013
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Yes because of the things said by the remain side, aka project fear, it hasn't quite panned out, so did they lie or didn't they know what the real issues would be re Brexit?
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#21 |
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Join Date: Aug 2012
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Nobody that I know of on the remain side said your exports would suffer while still in the single market. Perhaps you can post an example of such?
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#22 |
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Join Date: Jan 2014
Posts: 2,307
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Quote:
Theengineer will be gutted.
It must be very disheartening to have to search the net daily for absurd/made up anti-brexit stories when all the official figures and statistics show the uk economy is in good shape. |
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#23 |
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Join Date: Nov 2007
Location: Kent
Posts: 3,026
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Quote:
It's pretty obvious that that the service sector could be expected to do well over Christmas and the New Year holidays, and that services sold outside sterling will benefit from the weak pound. To extrapolate that to the performance of the whole economy is stupid and devious, especially as over the past six months nothing much else has happened. But as Brexit bites be very sure that the bad effects will come...
http://www.bbc.co.uk/news/business-38505221 http://www.bbc.co.uk/news/business-38494939 http://www.bbc.co.uk/news/business-38413787 |
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#24 |
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Join Date: Feb 2011
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Good news yes, but http://www.bbc.co.uk/news/education-38370219. Household debt has risen to its highest level since just after the financial crash of 2008, official figures show.
Bank of England data shows personal debt grew 10.8% in the year to 30 November to £192.2bn in the UK - the highest level since December 2008. Debt charity Step Change is calling on the government to adopt a scheme that gives problem debtors 12 months' breathing space to get back on track. The government says it is reviewing whether to bring in such a scheme. But that decision is now 12 months overdue, and the charity estimates that a further one million people fell into problem debt during this period. Bank of England statistics show that personal debt, including credit cards and bank loans but not including mortgages or student loans, has been growing at a yearly rate of 10% for the past six months. |
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#25 |
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Join Date: Mar 2013
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Quote:
Quote:
Nobody that I know of on the remain side said your exports would suffer while still in the single market. Perhaps you can post an example of such?
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