Many commentators have today written about how the rate of decline in the Eurozone has accelerated, with activity in manufacturing, services & output data all reaching 3 or 4 month lows. However, few are singling out France which is now in a steepening decline not seen since the peak of the 2009 crash. Its economic […]
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Tag Archives: gdp
Eurozone PMI vs GDP (Q3 2012)
November 22, 2012 
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The Markit “Purchase Managers Index” figures have proven to be very accurate indicators of how various major economies are performing, giving insight into whether we can expect expansion or contraction. The latest composite Eurozone figures are somewhat depressing, but may indicate that any recession the EZ may enter will be fairly shallow and *may* have […]
Continue readingUK Economy Grows 0.8% in Q3
October 26, 2010 0 Comments
UK Preliminary Q3 GDP +0.8% Quarter on Quarter, +2.8% Year on Year, Highest Year on Year growth since Q3 2007 (Forecast was +0.4% Q on Q, +2.4% Y on Y) UK Q3 breakdown: SERVICE SECTOR OUTPUT +0.6% Q on Q, +2.1% Y on Y, INDUSTRY +0.6% Q on Q, +3.4% Y on Y, CONSTRUCTION +4.0% […]
Continue readingLabour Nationalises UK
March 23, 2010 0 Comments
Since coming to power in 1997, Labour has slowly but surely nationalised the country. Over 6.09 million people in the UK now work for the state. Total public sector spending as a percentage of GDP has risen from 40% when Labour came to power to today’s 53.4% level. This is even higher than the 50.4% […]
Continue readingUK GDP Actually Revised DOWN
February 26, 2010 0 Comments
While Gordon Brown and Alistair Darling spin the numbers announced today saying that we’re emerging from recession faster than we first thought (original estimates for UK Q4 2009 GDP were +0.1%), in real terms the revised numbers showed that the UK was worse off. The headline figure is that Q4 GDP was actually +0.3%, however […]
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Alistair Milne 
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