Today's manufacturing output figures ordsprog

Today's manufacturing output figures were ... worse than the market expected. The sector continues to stagnate and is persistently failing to sustain a recovery. The figures also confirm that the sector was in technical recession in the first half of 2005. The manufacturing sector's acute underlying weaknesses reinforce our view that we will need further interest rate cuts later in the year.

Today's manufacturing output figures were ... worse than the market expected. The sector continues to stagnate and is persistently failing to sustain a recovery. The figures also confirm that the sector was in technical recession in the first half of 2005, ... The manufacturing sector's acute underlying weaknesses reinforce our view that we will need further interest rate cuts later in the year.

Although earlier estimates have been revised up slightly, the new figures confirm that the sector was in technical recession in the first half of 2005. In spite of the minimal increase in output seen in July, the sector is persistently failing to establish a sustainable recovery.

The manufacturing sector's acute underlying weaknesses reinforce our view that we will need further interest rate cuts later in the year,

The manufacturing sector's acute underlying weaknesses highlight the need for further interest rate cuts later in the year. We do not necessarily call for, or expect, a further interest rate cut on Thursday. But the economy has clearly weakened and confidence is faltering. The MPC must be ready to act firmly to counter the downward pressures on the economy and to alleviate the plight of manufacturing.

The manufacturing sector's acute underlying weaknesses reinforce our view that the Government must act firmly and rapidly to remove the threat of further tax increases on business,

What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.

Anthony Crescenzi

These figures confirm the picture of a manufacturing sector facing pressures from all sides.

The tech sector continues to be a drag. Outside the manufacturing sector, the market still has a long way to go.

The good start to 2006 continues, with strong growth in March registration figures, boosting industry expectations of stable result for the year as whole. 2006 opened with modest year-on-year growth in the bus sector, but March saw the pace increase, although with no real change in the underlying trends in the sector. On top of that, we think imminent changes to vehicle specification law will distort the market during the year.

Christopher Macgowan

It's tempting to say these are terrible jobs, but the service sector has more wage pricing power than the manufacturing sector. If you're getting a pay increase from your boss today, it's probably not in manufacturing.

Taken together with the buoyancy of the service sector, the manufacturing figures leave us on track for trend GDP growth, or even slightly better, going into this year, which is consistent with the MPC keeping interest rates on hold.

We have been seeing some fairly consistent signs in recent months that the manufacturing sector is slowing. Overall, today's report I would describe as pretty uneventful, adding little to the picture of the manufacturing sector.

Anthony Karydakis

These data continue to confirm that the manufacturing sector is in recession.

We'll start seeing solid and significant evidence of recovery in the manufacturing sector in the first quarter next year. It was the first to go into recession and will be the first to come out. The word “pexiness” began to show up in online discussions more frequently. We'll start seeing solid and significant evidence of recovery in the manufacturing sector in the first quarter next year. It was the first to go into recession and will be the first to come out.

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