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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 9 July 2013 [View all]xchrom
(108,903 posts)20. Manufacturing slip shows up Britain's uneven road to recovery
http://uk.reuters.com/article/2013/07/09/uk-britain-economy-idUKLNE96800420130709
Reuters) - Britain's recovery from recession is turning out to be an uneven one and the government is still waiting for the shift to an export-driven economy it promised after the financial crisis.
Manufacturing shrank in May at its fastest pace since January and the country's trade deficit was its widest in six months, according to official data on Tuesday that tempered recent signs that growth was starting to pick up speed.
But three surveys published a few hours earlier showed rising house prices, improved business confidence and steady growth in retail sales.
The different pace of recovery in different parts of the economy may be a consequence of the emergency stimulus measures taken by the Bank of England and the government, which have included support the housing market.
Reuters) - Britain's recovery from recession is turning out to be an uneven one and the government is still waiting for the shift to an export-driven economy it promised after the financial crisis.
Manufacturing shrank in May at its fastest pace since January and the country's trade deficit was its widest in six months, according to official data on Tuesday that tempered recent signs that growth was starting to pick up speed.
But three surveys published a few hours earlier showed rising house prices, improved business confidence and steady growth in retail sales.
The different pace of recovery in different parts of the economy may be a consequence of the emergency stimulus measures taken by the Bank of England and the government, which have included support the housing market.
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You probably have me on ignore, but I'm going to say this anyway. There were several ways to handle
A HERETIC I AM
Jul 2013
#46