tag:blogger.com,1999:blog-8764541874043694159.post6267042873499174422..comments2024-03-28T12:23:39.665+00:00Comments on Coppola Comment: One swallowFrances Coppolahttp://www.blogger.com/profile/09399390283774592713noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8764541874043694159.post-70949057221068992772014-06-19T14:50:22.201+01:002014-06-19T14:50:22.201+01:00The UK media don't do percentages. If you took...The UK media don't do percentages. If you took a BBC news reader, cut off their arms and then gave them one back a few minutes later they'd thank you for a 50% increase in limbs!<a href="http://goo.gl/yeCbqS" rel="nofollow">sbobet</a><a href="http://goo.gl/5ZZEe0" rel="nofollow">edu</a><a href="http://goo.gl/4UkNus" rel="nofollow">dart</a><a href="http://goo.gl/aCwz3M" rel="nofollow">web</a><a href="http://goo.gl/DxSNpZ" rel="nofollow">fan</a><a href="http://goo.gl/c0q85y" rel="nofollow">think</a><a href="http://goo.gl/b2WYFs" rel="nofollow">sound</a>...!!!agen sbobet onlinehttp://goo.gl/s2LVUjnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-52319617631824007862013-08-08T17:50:13.906+01:002013-08-08T17:50:13.906+01:00This post is specifically about the ONS's indu...This post is specifically about the ONS's industrial production report. I know the service sector is doing better. But industrial production matters too and it still has a very long way to go before it can really be said to be recovering. I am warning about premature celebration. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-84993043803550817572013-08-08T16:08:35.169+01:002013-08-08T16:08:35.169+01:00Nick's point about excluding the oil & gas...Nick's point about excluding the oil & gas sector is a sound one.<br /><br />I'd also mention that it is a little odd to be discussing an economic recovery and only focusing on industrial production with no mention of the very much larger, and healthier (back above 2007 highs), service sector.Shinseihttps://www.blogger.com/profile/09237888519217740228noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-48519905693011297652013-08-07T10:25:14.368+01:002013-08-07T10:25:14.368+01:00If you read a little more through the entire pdf y...If you read a little more through the entire pdf you can see that oil & gas is still the real drag, manufacturing pick up looks credible and capital investment has some traction which is very good news. Overlay PMIs and you have a recovery story.<br /><br />If you look at GDP ex and incl oil & gas you get a far rosier picture too.<br /><br />One swallow doesn't you much but there are a few flying around<br />Nickhttps://www.blogger.com/profile/16882047472350058695noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-1303500547238264372013-08-06T17:15:44.590+01:002013-08-06T17:15:44.590+01:00The UK media don't do percentages. If you took...The UK media don't do percentages. If you took a BBC news reader, cut off their arms and then gave them one back a few minutes later they'd thank you for a 50% increase in limbs!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-3444116038036925892013-08-06T12:55:31.318+01:002013-08-06T12:55:31.318+01:00It will be interesting to see if lower energy cost...It will be interesting to see if lower energy costs help the USA to grow more quickly now, compared to our de-carbonising and moribund economy.devonseaglasshttps://www.blogger.com/profile/02637463423116171963noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-60299260800083685062013-08-06T12:37:39.516+01:002013-08-06T12:37:39.516+01:00Thanks - the proof that one swallow does not make ...Thanks - the proof that one swallow does not make a summer is amusingly CONTAINED WITHIN THE CHART ITSELF - look what followed the month-on-month uptick in ~2012Q2~ (or the little uptick in 2007Q3, for that matter).<br /><br />The trend since 2010 remains firmly downwards as far as I am concerned. Glad you have emphasised that "total production is now below the level that it was in the 2009 recession".<br /><br />I'll adjust my view when we get production figures rising three months in a row, or getting close to the 2010 level. Till then, best to work on the assumption that the downward trend will continue, with occasional upticks...Peter Pannierhttp://www.twitter.com/PeterPanniernoreply@blogger.com