There has been quite a contrast in profitability in the services and manufacturing sectors recently, with the services sector at a four year high, while the manufacturing sector is at a ten year low.
Latest Blogposts
Chart of the Week: Week 40, 2013: US Debt Ceiling (Again)
At the very end of last year, the US was heading towards a “fiscal cliff”, and although a deal was agreed, the Economic Research Council pointed out in our first Chart of the Week of 2013that the debt ceiling still loomed ahead.
June 2013
The wild card in the world economy is Europe. One can be more sanguine about China as they have huge resource in both financial and, more importantly, senior government intellectual competence. The greatest worry for the rest of the year, and well into next year, will be the European experiment. Youth unemployment in southern Europe, in many areas…
May 2013
The UK Government continues to muddy the waters of recovery. The lack of political leadership along with incoherent economic and infrastructure policies is not helpful. Political attacks on business do not encourage investment, political polarisation and slanging matches over Europe are also not helpful. The lack of government grip discredits the…
March 2013
March has been an interesting month. Having just returned from a trip to Singapore, Chiang Mai in Northern Thailand, Shanghai (with side trips to two regional towns), and a day in Hong Kong, one….
February 2013
The pessimists are emphasising a lack of overall pick up in GDP. This makes for good press headlines and discussion for the pontificating pundits. The GDP is inevitably being depressed as the Government …