Dover.uk.com

This is really going to disappoint.....

6 August 2013

...Labour supporters.

Another important indication of Britain's recovery was announced yesterday.

This month's PMI figures show that the service sector is back in boom territory with services growing by its fastest rate for over 6 years.  Last week other sectors, manufacturing and construction, also showed significant improvements with construction making a dramatic rebound.

Taking these figures and producing a weighted composite figure we get the private sector growing at its fastest rate since 1998 when PMI records began.

This is a better indication of economic health than the GDP figures as the GDP is warped by an excessive weighting in favour of wealth consuming public spending while PMI is all about the wealth creating private sector growth.  It is only the private sector that can create real jobs and sustainable prosperity.

http://www.telegraph.co.uk/finance/economics/10222561/UK-private-sector-grows-at-fastest-rate-since-records-began.html
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