Monday, 1 February 2010

Recovery is coming...

...this bodes well for a firming up of the recovery, and contributing to the avoidance of a double-dip.

I wonder how much of this will be made over the next few days?
There are glimmers of a brighter year ahead for Britain's embattled factories after a survey showed the manufacturing sector grew at its fastest pace in 15 years last month.

The news of strong demand on manufacturers from both home and abroad cemented economists' view that the worst of the downturn is over, despite official data showing Britain only just crawled out of recession at the end of last year.*
From the Guardian

*They never, ever, ever, ever, ever, seem to mention that almost every time, this figure is revised as more information comes in; and 0.1% will probably become 0.2-4%
The U.K.'s manufacturing sector continued to rise sharply in January, hitting a more-than 15-year high, boosted by output and new export orders while employment rose for the first time in almost two years, data showed Monday. The PMI reading of 56.7 for the manufacturing sector was at its highest since October 1994.
From the WSJ
The recession led to many manufacturers being forced to cut jobs but this new demand means some firms are taking on staff for the first time in nearly two years. David Noble, CIPS chief executive, said the January result was "a great way to start the year" for the embattled sector
From Sky News

Recovery is coming. Don't let the Tories kill it.

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