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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 1 June 2012 [View all]
xchrom
(108,903 posts)52. UK manufacturing in 'worst performance for three years'
http://www.bbc.co.uk/news/business-18293411
The UK's manufacturing sector turned in its worst performance for three years in May, according to a survey.
The Markit/CIPS manufacturing Purchasing Managers' Index dropped to 45.9, down from 50.2 in April. A reading below 50 indicates contraction.
Manufacturers cut back on output, employment, purchasing and inventories, said the report.
The news follows the British Chambers of Commerce's revision of its UK 2012 growth forecast down from 0.6% to 0.1%.
The UK's manufacturing sector turned in its worst performance for three years in May, according to a survey.
The Markit/CIPS manufacturing Purchasing Managers' Index dropped to 45.9, down from 50.2 in April. A reading below 50 indicates contraction.
Manufacturers cut back on output, employment, purchasing and inventories, said the report.
The news follows the British Chambers of Commerce's revision of its UK 2012 growth forecast down from 0.6% to 0.1%.
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Barney Frank: Obama Rejected Bush Administration Concession to Write Down Mortgages
Demeter
May 2012
#5
Missed the greatest opportunity this nation has seen in almost a century.
Egalitarian Thug
Jun 2012
#90
You'd think they'd learn how to make better tasting jelly after all these years.
Fuddnik
Jun 2012
#44
Retirement: Where Corporate Executives Make the Real Big Bucks by: California Labor Federation
Demeter
Jun 2012
#16
Anyone willing to bet that the US markets finish in the black today, though? esp. after Europe close
Roland99
Jun 2012
#39
U.S. adds 69,000 jobs in May; jobless rate 8.2% (March and April *both* revised down)
Roland99
Jun 2012
#34
JOBS REPORT DISASTER: JUST 69K NEW JOBS CREATED, UNEMPLOYMENT RISES, DOW PLUNGES 2.2%
xchrom
Jun 2012
#43
Good Gawd! It got worse there! It's like arguing with a Republican 10 years ago over WMDs!
Roland99
Jun 2012
#105
The price of a do-nothing Congress: Government layoffs, budget cuts making matters worse
Demeter
Jun 2012
#98
17 min. left for the rescue and still languishing just a bit above the daily lows.
Roland99
Jun 2012
#117
It's one of those "well, I really know better but couldn't resist" kinda things
Roland99
Jun 2012
#116