UK industry weakest since 1987


	UK industry weakest since 1987

JICWyllie

10-6-2009 6:40 AM

29 views

tags:

1-production, 1-recession, 1-spending, 2-decrease, 2-record, 3-reported, 4-uk

JICWyllie says:

And that's with the maximum government financial stimulous!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c9b7adba-c08b-4912-81da-54642f2bd028/71A3F58E-D4FB-4C9F-B965-8331B1B34409/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/67ba9f02-b254-11de-bbaf-00144feab49a.html" href="http://www.ft.com/cms/s/0/67ba9f02-b254-11de-bbaf-00144feab49a.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/67ba9f02-b254-11de-bbaf-00144feab49a.html"><P>Manufacturing output collapsed in August, dragging down overall <A href="http://www.statistics.gov.uk/pdfdir/iop1009.pdf" title="www.statistics.gov.uk" class="bodystrong">industrial production</A> to its lowest level since 1987 and adding to fears that the UK has not yet managed to shake off the recession.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/67ba9f02-b254-11de-bbaf-00144feab49a.html"><P>Production by the manufacturing industry contracted by 1.9 per cent in the month, the biggest drop since a 3.1 per cent decline in January, the Office for National Statistics reported. Analysts had expected manufacturing output to increase by 0.3 per cent in August.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/67ba9f02-b254-11de-bbaf-00144feab49a.html"><P>The weak official data for August follow other evidence that manufacturing may be facing new problems. The <A href="http://www.ft.com/cms/s/0/9306d58a-ae68-11de-8464-00144feabdc0.html" title="Financial Times - UK manufacturing recovery stutters" class="bodystrong">purchasing managers’ index</A> for the sector registered contraction in the past two months, after showing a rapidly easing decline earlier in the year.  </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/67ba9f02-b254-11de-bbaf-00144feab49a.html"><P>“After a couple of months of stabilisation, UK industrial production collapsed in August ... The number was almost unbelievably weak – the monthly fall was on a par with those seen in the most intense winter months of the recession,” said Neville Hill, economist at SocGen.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/71A3F58E-D4FB-4C9F-B965-8331B1B34409/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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