Economía marxista para el Siglo XXI


Michael Roberts Blog

The latest figures (April 2014) for UK manufacturing and industrial output showed an acceleration in expansion to reach 3% yoy growth for industry as a whole.

UK IP

Manufacturing output growth was even stronger at 4.4% yoy.

UK manufacturing output

But remember UK industrial output is still well below pre-crash levels, – some 11% below while manufacturing is still 7% down.

UK IP index

Another long-term feature is the decline in the UK’s North Sea oil and gas production. It’s straight downwards and is now 40% lower than in 2004.That does not auger well for an independent Scotland relying on energy revenues to do better if outside the UK.

UK energy

The UK’s capital goods sector is doing particularly better, but this sector (aerospace, engines etc) is mainly for export not domestic demand.

UK capex

All this brings me to make a few rash predictions about the UK and elsewhere for 2015 and beyond. I am ready to be shot down, but…

Ver la entrada original 330 palabras más

Responder

Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de WordPress.com

Estás comentando usando tu cuenta de WordPress.com. Cerrar sesión / Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión / Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión / Cambiar )

Google+ photo

Estás comentando usando tu cuenta de Google+. Cerrar sesión / Cambiar )

Conectando a %s

Nube de etiquetas