Comment on UK businesses still ‘reluctant to invest’ over Brexit and interest rates
Syldon@feddit.uk 11 months agoYou cannot use PMI to make comparisons between countries. PMI is a comparison to yourself and how your economy is doing. Anything below 50 on PMI shows that there is a contraction in the economy. The UK’s PMI is 44, so it proves the point that the economy is shrinking.
As for using Germany and France for comparisons that is just bloody stupid. Brexit did not just affect the UK, it was damaging to countries in the EU also.
bernieecclestoned@sh.itjust.works 11 months ago
Of course you can compare PMI results, why do they publish them then?
How did brexit affect France and Germany? There are no import controls from the EU to the UK
Syldon@feddit.uk 11 months ago
To show how you are doing compared to the previous month. It does not show you how you are doing in comparison to everyone else; it is a comparison to your own market.
OFC there is, have you seen the massive lorry park at Dover? They also have extra costs with paperwork. This is as well as the economy being shrunk by the loss in UK trade.
bernieecclestoned@sh.itjust.works 11 months ago
No it is not. You are talking nonsense. It’s used for both, it’s an easy way to compare differences in confidence across regions
Why are they all published by country then? For fun?
www.google.com/search?q=pmi index by country&…
Show me some stats about trade rather than some hysterical nonsense about a lorry park
Suggesting that Germany and France have been affected by brexit is nonsense. Covid supply shock and the Russian invasion and resulting sanctions on Russian energy dwarfs any brexit disruption from 2021
jabjoe@feddit.uk 11 months ago
PMI is a relative measurement. You can’t use it to do absolute comparisons.
It’s the same nonsense as Sunak saying we can take the foot of the peddle of NetZero because we have improved a load. We are not doing better than the others, we just improved the most, because we started so badly.
www.bbc.co.uk/programmes/m001qtb0