While I was trying (in vain) to find petrol to drive my daughter to London for university tomorrow, a colleague who runs a laundry business told us how he was called to be informed that his lorry load of clean laundry had been deserted at a service station. His driver had been...
... having a break when someone offered to double his pay with a starting bonus if he'd drive for him. An offer too good to refuse, he simply went off leaving my friend in the lurch, a full lorry deserted in a service station. He had to scramble to get his property back. What ...
...an unscrupulous bunch of characters. What a mess this country seems to be in right now.
Meanwhile I have enough fuel to get from Devon to London but not back again. I can't have her missing the start of term so that's going to be a fraught journey from what I see on twitter.
So this is an anecdotal report of one incident, but the broader picture is shown by the survey of recruitment agencies, which encpuragingly shows pay growth rising at the fastest rate for over 20 years amid such shortages rec.uk.com/our-view/news/…
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UK PMIs, including flash September data, charted against Bank of England policy decisions underscores how unusual the current economic situation is, with price pressures accelerating while growth slows. bit.ly/3nXx9in
The further acceleration of price growth will add to concerns that the recent bout of inflation is proving less transitory than many suspected,
but the slowdown in growth is a reminder of the fragility of the recovery while the pandemic remains a disruptive force on the economy.
UK #PMI data showed #construction activity slowing sharply in August. Given the amount of stimulus and relatively early stage in the recovery, to be slowing so close to the long-term trend is disappointing 1/4
Part of the slowdown can be linked to weaker growth of new orders for construction work, but as the chart shows, activity has slowed much more sharply than demand for new work, so there are other factors at play 2/4
Part of the slowdown is clearly linked to ongoing near-record #shortages of raw materials, as measured by suppliers' delivery times, which have in turn led to unprecedented price hikes for building materials in recent months 3/4
#Manufacturing#PMI survey data reveal how the UK’s exporters have underperformed their peers in the eurozone to the greatest extent for over two decades so far this year, i.e. since the end of the #Brexit transition period. bit.ly/3yfQGNc
UK suppliers of components in particular have seen only a marginal increase in export sales in the past six months, while similar firms in the eurozone, in contrast, has seen record export growth of component export sales.
This is itself an underperformance by UK suppliers of a degree never previously seen in at least 20 years of survey history
The US continued to lead the global economic rebound in June, according to flash PMI data from IHS Markit, but also showed signs of growth peaking from May’s record expansion.
The eurozone meanwhile was alone among the four largest developed world economies in seeing growth accelerate in June, while Japan fell into a deeper contraction amid emergency measures to curb COVID-19 infections.
While the US saw the strongest expansion, it also again reported by far the steepest increase in prices charged for goods and services, though unprecedented price pressures continued to mount in Europe
US #PMI data from @IHSMarkit show the economy surged in May, led by the largest expansion of consumer services activity on record. #GDP growth could reach double-digits as the economy opens up, adding further pressure on the #FOMC. More at bit.ly/3wnJVZb
@IHSMarkit Here's the latest @IHSMarkitPMI US survey data tracked against historical @FOMC policy decisions, highlighting the unprecedented surge in economic activity ...
@IHSMarkit@IHSMarkitPMI@fomc This economic boom in the US is being accompanied by price rises which far outpace the rate of inflation seen in other countries, with the PMI's index of prices charged for goods and services at a record high by some margin in the US....
Global factory growth ends 2020 close to decade-highs, but supply worsens bit.ly/3bfKA7f
A key contributor to the relatively swift return of robust global #manufacturing growth in the recent months has been a revival in worldwide goods trade. There's some signs of this export boost fading though...
While there were some reports of demand having weakened amid resurgent waves of COVID-19 infections in many parts of the world, notably Europe, output, demand and trade flows were in many cases also constrained by rising supply problems.