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View Full Version : Big rise in factory activity



MrMark
2nd November 2009, 13:12
BOOMED! (http://news.bbc.co.uk/1/hi/business/8337657.stm)


Some analysts believe the figures are encouraging for wider growth in the economy.

"The massive increase in output will cement expectations of a recovery in the fourth quarter, " said Brian Hillard from Societe Generale.

However, many question how these figures compare with recent official GDP figures released by the Office for National Statistics.

"To jump by this much in a month just beggars belief," said Ross Walker from the Royal Bank of Scotland.

"The differential between surveys and official data is widening. Both can't be right. It will cast doubt on the weakness of third-quarter GDP numbers."

DimPrawn
2nd November 2009, 13:34
Yes, our factories are in meltdown, making millions of ....er......things that people are buying in their droves.

gingerjedi
2nd November 2009, 13:39
If UK manufacturing output was running at 100% it would still be only comparable to Malta.:rolleyes: