Tuesday, 7 October 2014

UK Industrial Production In August Scores A Big Fat Duck

UK Industrial production in August rose by exactly nothing, zero, zilch, nada!!!  North Sea Oil and gas production actually fell by 1.7%, as Bloomberg report.

At the same time, manufacturing production rose by just 0.1% on the month.  This is further confirmation of the analysis I gave last week.

Meanwhile mortgage lending has fallen to the lowest level since the collapse of Lehman Brothers.

No comments: