Home News Forum Articles
  Welcome back Join CF
You are here You are here: Home | Forum | Anti-gay adverts pulled from bus campaign by Boris Johnson

You are currently viewing our boards as a guest which gives you limited access to view most of the discussions, articles and other free features. By joining our Virgin Media community you will have full access to all discussions, be able to view and post threads, communicate privately with other members (PM), respond to polls, upload your own images/photos, and access many other special features. Registration is fast, simple and absolutely free so please join our community today.


Welcome to Cable Forum
Go Back   Cable Forum > General Discussion > Current Affairs

Manufacturing slows sharply but housing signs recovery
Reply
 
Thread Tools
Old 02-05-2012, 12:26   #1
mertle
Inactive
 
Join Date: Feb 2004
Posts: 2,134
mertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quadsmertle has a fine set of Quads
Manufacturing slows sharply but housing signs recovery

Mixed bag.

One of the reasons why ONS resession outlook was doubted was due to strong PMI reported. This now dropped sharply although its still overaul in growth it must be worrying manufacturing weakening.

http://www.telegraph.co.uk/finance/e...s-sharply.html

However despite this

Quote:
Approvals for home loans in Britain rose unexpectedly in March, suggesting the housing market continued to recover despite the end of a tax exemption for first-time buyers, Bank of England data showed on Wednesday.
Only conclude its the right to buy which is doing it.

More worry is this credit on the rise again

Quote:
The data also showed that consumers borrowed more in March, with net consumer credit rising by £400m, the biggest rise since September, after a £300m increase in February.

Credit card borrowing rose by £200m in March - its biggest increase since last July - after a net repayment of £100m in February. The data suggest that March's retail sales boost may have been fuelled by credit card debt.

Deloitte's report gives more bad news as

Quote:
Report predicts sharp increase in insolvencies in north-east of England and Wales, and rise in write-offs on corporate loans
Thats not good news for sure.

http://www.guardian.co.uk/business/2...rther-downturn

Quote:
The forecast is now for a contraction of 6.8% this year rather than the previous estimate of 5.7%. Corporate sector loans are not predicted to return to their pre-crisis peak of £575bn until 2016.
Blake said: "The contraction expected in 2012 is more acute than the 6.1% contraction last year, and means that the funding squeeze that corporates and SMES have been experiencing is only set to get worse.
The downbeat assessment of the economy was echoed by Ian Stewart, chief economist at Deloitte, who said the only positive note from its study were the signs that the slump in consumer sentiment may be bottoming out.
Goes on about inflation hope it will drop to boost consumer spending really dont see it. Fear inflation may excelate even if inflation comes down it would have to drop 2% or more. I still dont see it being enough to get consumer spending. I just dont see how consumer led recovery can happen with wage purge. Untill wages increase we wont see it. Only massive cut inflation to bring prices inline to our realtime wages.

Oil, gas, electric however will make sure inflation wont come down in any shakes. Only solution is wage increases to create the disposable cash needed to help recovery.

Its almost like they crossing fingers and legs praying.
mertle is offline   Reply With Quote
Advertisement
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +1. The time now is 16:22.


Server: osmium.zmnt.uk
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.