asterisk2a + 2014 + manufacturing   4

Not that negative after all - YouTube
- nbdy is taking up the money to invest in his business (increase capacity, R&D, etc etc), becs there is no demand ... what is holding up the western world is the service economy - especially in UK and USA! - and then there is one particular structural impediment in Germany et al, demographic bubble.
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september 2014 by asterisk2a
BBC News - UK jobless rate falls to lowest level since 2008
avg weekly earnings still lagged way behind inflation. Excluding bonuses, avg earnings in the May to July period rose by 0.7% from a year earlier; including bonuses, they rose by 0.6%. The current rate of inflation is 1.5%. Last month, the Bank of England halved its forecast for average wage growth in 2014 to 1.25%, leading some commentators to believe it is under little pressure to raise interest rates any time soon. [...] Labour's shadow employment minister Stephen Timms said: "Today's fall in overall unemployment is welcome, but the new figures have shown working people are seeing their pay falling far behind the cost of living. "Pay excluding bonuses today is the lowest on record. Under this government wages after inflation have already fallen by over £1,600 a year since 2010 and by next year working people will have seen the biggest fall in wages of any Parliament since 1874." +due 2lack of job security, people arnt asking 4 meaningful raise. service econ jobs dominate recovery!
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september 2014 by asterisk2a
BBC News - Farewell to the mother of all depressions
[ THE RECOVERY, THE GLASS IS HALF FULL. PERIOD. ]But nonetheless many will be slightly depressed that although the service economy is now just under 3% bigger than it was at the peak, manufacturing is still more than 7% smaller, and the production industries as a whole have been diminished by 11%. As I have bored on about for a while, although it is heart-warming to see UK manufacturing growing right now, there has been no rebalancing of the economy back towards the makers. Also, within services, the contribution of shoppers to the recovery remains immense - and the retail trade made the biggest contribution to the latest quarter's services surge. That suggests we may be at a premature end to households' attempts to strengthen their finances and pay down debts - and shows that growth in the economy remains perilously sensitive to the cost of money.
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september 2014 by asterisk2a

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