Manufacturing output drops at fastest pace for two years

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TimberWolf replied

11 June 2011, 17:13
Originally posted by scooterscot View Post

Manufacturing output dropped at its fastest pace for more than two years in April, official figures revealed on Friday, raising fears that Britain's fragile economic recovery is petering out.

A slightly more optimistic spin on this on the Express front page:

Pressure on the Bank of England to raise rates eased after manufacturing costs last month rose less than expected.
Express.co.uk - Home of the Daily and Sunday Express | UK News :: Cheaper home loans to stay
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BlasterBates replied

11 June 2011, 13:43
Looks like Germany will be close on their heels, having agreed on a deindustrialisation policy.

Keeps the pollution down.

http://economicsnewspaper.com/policy...any-32529.html
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amcdonald replied

11 June 2011, 13:39
He's too busy camping it up with Mandy and the Bilderbergs
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Addanc replied

11 June 2011, 13:10
Originally posted by scooterscot View Post

Is this because they don't have the pound, or because they don't have George Osborne?

The latter, HTH.
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MrMark replied

11 June 2011, 11:59
Good news from Ireland it seems. With luck we may get our money back then.

UK pledges £7bn to help bail Ireland out of debt crisis - Telegraph
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scooterscot started a topic Manufacturing output drops at fastest pace for two years

11 June 2011, 11:31
Manufacturing output drops at fastest pace for two years

Manufacturing output drops at fastest pace for two years | Business | guardian.co.uk

Manufacturing output dropped at its fastest pace for more than two years in April, official figures revealed on Friday, raising fears that Britain's fragile economic recovery is petering out.

Analysts had expected to see a slowdown during the month, due to the royal wedding bank holiday and the knock-on effects of industrial shut-downs in Japan, and the Office for National Statistics highlighted these factors. But the 1.5% decline in manufacturing output over the month was much worse than City forecasts.

Over in Ireland

Irish Times, Mon 05 May 2010

Manufacturing output rises in April

Irish manufacturing output in April grew at the fastest pace in 10 years, contributing to a further improvement in the overall conditions in the sector.

The NCB Purchasing Managers' Index, which measures Irish manufacturing activity, rose to 53.4 in April from 53.0 in March, when it crossed the 50 mark separating growth from contraction with its highest reading since September 2007.

Is this because they don't have the pound, or because they don't have George Osborne?
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