>At 46.0 in June, down from 51.2 in May, the seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI®) dropped below the neutral 50.0 threshold for the first time since April 2013. The latest reading pointed to the
weakest overall performance for exactly seven years, but the rate of contraction was much slower than seen during the 2008/09 downturn.
https://www.markiteconomics.com/Survey/PressRelease.mvc/14e3ce24c0d14882b671c38a6ac44b60
Confirmed for recession.
>>79715389
>Confirmed for recession.
Looks like our economy was tied to our slavery, then.
Good riddance.
Freedom isn't free.
>>79715389
pay attention, this was happening regardless of Brexit results
So are we just ignoring the fact you've had an enormous trade deficit for the last 20 years?
fun fact: the EU exists to ship European manufacturing jobs to Germany
>>79715609
>>79715665
>>79715472
It is darkest before the dawn.
>>79715472
>UK
>freedom
LOL
>>79715609
We ironically only have such a huge trade deficit with the EU because the pound was so high
>>79715763
t. greater Israel
>>79715609
>>79715665
Trade deficits against Germany will continue at the current pace if the U.K. is able to stay in the Single Market, which is something even Leave side wants and actually has claimed U.K. will be able to stay in in the event of Brexit.
Also, the trade deficits against Germany wasn't as terrible when Euro was overvalued (pre-2011).
>>79715763
>America
>White
> Work in construction.
> Turned away 2 new jobs(small ones granted) this morning.
Where are these figures coming from?
>>79715834
the economy doesnt revolve around tradies fixing toilets anon
>>79715807
Well it's still far better than actually being "in" the Eurozone as that creates infinitely more problems.
see: Greece, Spain: Italy, France, etc
>>79715825
>trade deficits against Germany wasn't as terrible
seems like a steady rise to me
>>79715912
It revolves around productive goods and services like construction, ironically the EU seems to exist only to deter productive enterprise while promoting financial parasitism that destroys the economy through high taxation and debt leveraging.
The UK has only avoided some of this "because" it refused to adopt the Euro.
>>79716054
If you look at the trade surplus side, UK has massive trade surplus with Switzerland.
UK didn't have such surplus until Swiss Franc became massively overvalued with investor flight to safety (Swiss Franc rises whenever there's economic uncertainty, just like Gold and U.S. Treasury Notes).
>>79716398
that's why devaluing your currency isn't a bad idea
There's a reason China does it.
