The new uses "Purchasing Manager's Index" - something which I never came across before. Don't remember seeing it being used to measure economic growth in the past.
Couldn't understand how it works. It says index falling below 50 is contraction. So, 49.9 is contraction where as 50.1 is growth.
We have not actually left EU. In fact, nothing really changed. So why still a all these doom and gloom forecast.
The FTSE recovered, £ has recovered as well. No big shock anywhere either.
The blip in economy is because of some people withholding purchases (be it a house purchase or buying another company) which makes less money circulated in economy.
Until we have spent few years outside EU, no one can really say whether leaving EU is good or bad.
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