UK manufacturers enjoy post-Brexit surge in orders: survey - Polidicks

[QUOTE][B]Britain's factories are growing at their fastest pace in more than three years, helped by the fall in the value of the pound after the Brexit vote and a recovery in core markets in Europe, a survey showed on Monday.[/B] The survey, by manufacturing lobby group EEF and consultancy BDO, added to signs that British factories are enjoying a growth spurt, something that Brexit supporters said would be one of the early benefits of leaving the European Union. However, many economists say the revival is unlikely to offset fully the impact on the economy of slower consumer spending as sterling's fall pushes up inflation. Manufacturing accounts for about 10 percent of Britain's economy.[/QUOTE] [URL]http://www.reuters.com/article/us-britain-economy-idUSKBN16D011?il=0[/URL]

But Brexit is evil! Facepunch said so!

[QUOTE=Sanxy;51920775]But Brexit is evil! Facepunch said so![/QUOTE] Remainers have been talking about harmful effects of the Brexit before the actual Brexit has even occurred, which is wrong, but just because UK companies are experiencing this short-term growth because of the drop in value of the pound doesn't mean the Brexit won't be harmful.

So British Companies can time travel? Amazing! They can't be experiencing a post-Brexit surge because we haven't brexited yet.

[QUOTE=zupadupazupadude;51920780]Remainers have been talking about harmful effects of the Brexit before the actual Brexit has even occurred, which is wrong, but just because UK companies are experiencing this short-term growth because of the drop in value of the pound doesn't mean the Brexit won't be harmful.[/QUOTE] Nah I just thought it was funny that when something positive about Brexit is said, basically no one replies but when it's something negative about Brexit, people will pretend that those are the only effects.

[QUOTE=zupadupazupadude;51920780]Remainers have been talking about harmful effects of the Brexit before the actual Brexit has even occurred, which is wrong, but just because UK companies are experiencing this short-term growth because of the drop in value of the pound doesn't mean the Brexit won't be harmful.[/QUOTE] ya basically right now theyre enjoying everything, the sharp drop in the pound caused by the looming uncertainty and all the markets the EU has avalible, too bad one or the other has to go... if anything this shows that it was not the EU at all that held britain back its their horribly overvalued currency and fiscal policy to devalue it ever so slightly might have done a much better job than blaming immigrants, foreign powers and their trade deals.

[QUOTE=Craigewan;51920784]So British Companies can time travel? Amazing! They can't be experiencing a post-Brexit surge because we haven't brexited yet.[/QUOTE] That's fairly disingenuous. It's pretty obvious what is implied by the term "post-Brexit" in its current use. Ever heard of linguistic context?

[QUOTE=Craigewan;51920784]So British Companies can time travel? Amazing! They can't be experiencing a post-Brexit surge because we haven't brexited yet.[/QUOTE] But remainers seem happy to point out anything negative that has happened as a result of Brexit.

This is all caused by the lowering value of the pound, however, and again, an important not note to make is that Britain has not left the EU yet. They're supposed to leave this month. There will be economic consequences, make no mistake. It's also important to note: [QUOTE]many economists say the revival is unlikely to offset fully the impact on the economy of slower consumer spending as sterling's fall pushes up inflation. But prices are likely to rise further as manufacturers seek to eased pressure on their margins caused by the pound's fall which makes their exports cheaper but the imports they use more expensive, the survey showed.[/QUOTE] which is going to have a much bigger and worse impact than a modest boost in manufacturing.

[QUOTE=David29;51920799]But remainers seem happy to point out anything negative that has happened as a result of Brexit.[/QUOTE] Well, for one, you're committing the fallacy of assuming this surge is linked to Brexit in anyway. I highly doubt it is (other than in the fall of the value of the pound which it caused, which is really not a good thing overall). Also, the article even admits that this is driven by recovery in core markets in Europe, which we are away to lose preferential access to once Brexit hits. So... this really has nothing to do with Brexit and in fact will be undermined when Brexit DOES happen. So no... Brexiteers like to claim victories that have nothing to do with them, more like.

[QUOTE=Craigewan;51920803]Well, for one, you're committing the fallacy of assuming this surge is linked to Brexit in anyway. I highly doubt it is. Also, the article even admits that this is driven by recovery in core markets in Europe, which we are away to lose preferential access to once Brexit hits. So... this really has nothing to do with Brexit and in fact will be undermined when Brexit DOES happen. So no... Brexiteers like to claim victories that have nothing to do with them, more like.[/QUOTE] "Good economic thing happens" - it would be [I]fallacioius[/I] to connect these two events on assumption. "Bad economic thing happens" - ya see guys, this is just the result of Brexit as expected

[QUOTE=Sanxy;51920809]"Good economic thing happens" - it would be [I]fallacioius[/I] to connect these two events on assumption. "Bad economic thing happens" - ya see guys, this is just the result of Brexit as expected[/QUOTE] Well, considering economists directly linked the bad thing (pound shits itself at the mere thought that brexit will happen) to Brexit... yes. I'd love to hear how you're going to link recovery of the EU markets to Brexit (That magical cure all!), and what your amazing plan is to carry the effect of that on our economy once we leave behind our preferential access to the single market. What this article ACTUALLY is, is a great advert for remaining, since a stronger EU economy is definitely something you'd want to be a part of in the best position possible.

IIRC, lower currency plays a big factor in exports and most countries typically strive for a lower currency exchange value because it allows for bigger trade volume for goods. As the British pound weaken (and only speculation can say where it sits once Article 50 is triggered, but it will likely slump for a bit), it'll eventually reach parity with the USD (I believe it's fallen from 1.5 USD to GBP last June to 1.2 or something as of last week). However (and this is pure speculation), over time if there are attempts by the UK to keep the currency weak, it could result in retaliation by the EU who will see this as a direct threat to their exports. This could be dangerous in the long run for the UK and could compound any acrimonious relations they have with the EU during the period following Brexit.

[QUOTE=Craigewan;51920814]Well, considering economists directly linked the bad thing (pound shits itself at the mere thought that brexit will happen) to Brexit... yes.[/QUOTE] Many economists also linked positive things to leaving the EU too but it seems that you're more than willing to ignore those professional economists because they don't fit your personal opinions. [QUOTE=Craigewan;51920814]I'd love to hear how you're going to link recovery of the EU markets to Brexit (That magical cure all!), and what your amazing plan is to carry the effect of that on our economy once we leave behind our preferential access to the single market.[/QUOTE] Yeah mate just let me get out my book of giant fuckin economic plans from under the stairs, since it is my responsibility, as Brexit minister, to come up with one.

[QUOTE=Sanxy;51920809]"Good economic thing happens" - it would be [I]fallacioius[/I] to connect these two events on assumption. "Bad economic thing happens" - ya see guys, this is just the result of Brexit as expected[/QUOTE] Let's make this clear: the fall in the value of the pound is a result of the Brexit [I]vote[/I]. [B]Brexit itself has not actually occurred.[/B] That will have some positive but in my opinion from all the analysis I have seen plus the facts presented on how the EU funds very important projects in Britain, plus the fact there will be a clamdown on immigration in Britain and it will become an unattractive place to move to, etc., etc., there will be much more negative and awful economic effects on Britain from Brexit. It is especially important to mention, from the article, that this manufacturing boost also comes with the negatives of imports being dearer for both manufacturers and consumers. If that cost becomes too much, this positive will become a negative. [editline]6th March 2017[/editline] [QUOTE=Sanxy;51920822]Yeah mate just let me get out my book of giant fuckin economic plans from under the stairs, since it is my responsibility, as Brexit minister, to come up with one.[/QUOTE] Do the current British government have a plan set out for Brexit and it's effects? Did the Leave campaign have one considered before the actual vote? The answer is no. You went in blind and now seemingly the British administration is making it up as they go along. Which is going to have terrible consequences for you and shitty consequences for us.

[QUOTE=BlackMageMari;51920828]Let's make this clear: the fall in the value of the pound is a result of the Brexit [I]vote[/I]. [B]Brexit itself has not actually occurred.[/B] That will have some positive but in my opinion from all the analysis I have seen plus the facts presented on how the EU funds very important projects in Britain, plus the fact there will be a clamdown on immigration in Britain and it will become an unattractive place to move to, etc., etc., there will be much more negative and awful economic effects on Britain from Brexit. It is especially important to mention, from the article, that this manufacturing boost also comes with the negatives of imports being dearer for both manufacturers and consumers. If that cost becomes too much, this positive will become a negative.[/QUOTE] Thanks, saves me typing up the same thing. Hence why this is not any useful predictor of anything to do with Brexit because we STILL HAVE preferential single market access at the moment because Brexit HAS NOT happened.

[QUOTE=BlackMageMari;51920828]Let's make this clear: the fall in the value of the pound is a result of the Brexit [I]vote[/I]. [B]Brexit itself has not actually occurred.[/B] That will have some positive but in my opinion from all the analysis I have seen plus the facts presented on how the EU funds very important projects in Britain, plus the fact there will be a clamdown on immigration in Britain and it will become an unattractive place to move to, etc., etc., there will be much more negative and awful economic effects on Britain from Brexit. It is especially important to mention, from the article, that this manufacturing boost also comes with the negatives of imports being dearer for both manufacturers and consumers. If that cost becomes too much, this positive will become a negative.[/QUOTE] Like I said before, at this point, "Brexit" is just shorthand for the vote that has taken place (again, something that is obvious due to the context). Everyone here is aware we haven't left so there is therefore the knowledge that when Brexit is used in the past tense, we are referring to the vote. People just choose to ignore this and be pedants regardless.

[QUOTE=Craigewan;51920803]Well, for one, you're committing the fallacy of assuming this surge is linked to Brexit in anyway. I highly doubt it is (other than in the fall of the value of the pound which it caused, which is really not a good thing overall). Also, the article even admits that this is driven by recovery in core markets in Europe, which we are away to lose preferential access to once Brexit hits. So... this really has nothing to do with Brexit and in fact will be undermined when Brexit DOES happen. So no... Brexiteers like to claim victories that have nothing to do with them, more like.[/QUOTE] Except I'm not committing any fallacy if, by your own admission, the surge is in part due to the lowered value of the pound (that itself been a good or bad thing is, ultimately not the point).

[QUOTE=David29;51920799]But remainers seem happy to point out anything negative that has happened as a result of Brexit.[/QUOTE] Yes. Would you prefer remainers and critics of brexit to not point out anything negative? Sounds like some form of censorship? Lower value of pound => more exports => more orders. The increased gdp/tax revenue will not offset the decreased buying power of the pound. Further more we have a trade deficit with europe so until we can get rid of that deficit we are certainly hurt more than helped by a fall in the pound, and unless you personally have shares in a manufacturing company you will have definitely lost most than you have gained. [sp]@ brexit supporters spouting talking points they hear from irrelevant people on tv - so what if the pound was over valued; if all the other currencies are over valued and we're the first to fall/crash then we're still the ones losing out. Crashing your economy then boasting, while sitting in the shit,"this is where I belong" isn't a victory.[/sp] Honestly news like this seems like its grasping at straws.

[QUOTE=Sanxy;51920836]Like I said before, at this point, "Brexit" is just shorthand for the vote that has taken place (again, something that is obvious due to the context). Everyone here is aware we haven't left so there is therefore the knowledge that when Brexit is used in the past tense, we are referring to the vote. People just choose to ignore this and be pedants regardless.[/QUOTE] I'm being pedantic because it's an important distinction to make between the effects of the [I]vote[/I] and the effects of [I]the actual process and event.[/I] I think it's necessary as they effects are going to be entirely different, since the event is what will change laws and the status of the UK, not just the simple vote.

Also, on top of the things already stated here, the UK ain't China: it isin't a export economy, so a majority of british people won't receive any benefits from this short term gain.

[QUOTE=Muggi;51920848]Also, on top of the things already stated here, the UK ain't China: it isin't a export economy, so a majority of british people won't receive any benefits from this short term gain.[/QUOTE] Excellent point. The UK is much, much more of a services economy - particularly when it comes to laws and financial services. But those are significantly under threat from Brexit and [URL="http://www.irishtimes.com/business/financial-services/two-financial-services-companies-eye-up-dublin-base-post-brexit-1.2956611"]financial companies[/URL] want [URL="https://www.theguardian.com/world/2016/dec/25/uk-banks-financial-firms-moving-ireland"]to move[/URL] to Ireland and elsewhere.

[QUOTE=David29;51920840]Except I'm not committing any fallacy if, by your own admission, the surge is in part due to the lowered value of the pound (that itself been a good or bad thing is, ultimately not the point).[/QUOTE] Brexit vote =/= Brexit. [QUOTE=BlackMageMari;51920846]I'm being pedantic because it's an important distinction to make between the effects of the [I]vote[/I] and the effects of [I]the actual process and event.[/I] I think it's necessary as they effects are going to be entirely different, since the event is what will change laws and the status of the UK, not just the simple vote.[/QUOTE]

Fall of pound, caused by speculation, is a boost for manufacturers Increase in difficulty of international commerce, which brexit will almost certainly cause, will be good or bad for the manufacturers and the rest of the economy, you think?

[QUOTE=mdeceiver79;51920844]Yes. Would you prefer remainers and critics of brexit to not point out anything negative? Sounds like some form of censorship? Lower value of pound => more exports => more orders. The increased gdp/tax revenue will not offset the decreased buying power of the pound. Further more we have a trade deficit with europe so until we can get rid of that deficit we are certainly hurt more than helped by a fall in the pound, and unless you personally have shares in a manufacturing company you will have definitely lost most than you have gained. [sp]@ brexit supporters spouting talking points they hear from irrelevant people on tv - so what if the pound was over valued; if all the other currencies are over valued and we're the first to fall/crash then we're still the ones losing out. Crashing your economy then boasting, while sitting in the shit,"this is where I belong" isn't a victory.[/sp] Honestly news like this seems like its grasping at straws.[/QUOTE] No. I didn't any point suggest that negative views should be silenced. I was just highlighting that that sort of attitude seems to exist for anything positive to do with Brexit. [QUOTE=Craigewan;51920859]Brexit vote =/= Brexit.[/QUOTE] Ok, so we're just splitting hairs over word context then? Countless times I have seen people say that the fall in the pound was caused by Brexit. But I can put two and two together and understand that they mean the Brexit vote.

Well, the interesting thing about currency fluctuating is that SOMEONE benefits from it no matter which direction it goes

[QUOTE=David29;51920873] Ok, so we're just splitting hairs over word context then? Countless times I have seen people say that the fall in the pound was caused by Brexit. But I can put two and two together and understand that they mean the Brexit vote.[/QUOTE] Well, it is not "splitting hairs". One is the vote, the decision to leave the EU, and one is the ACTUAL process of leaving the EU; changing laws, losing access to the single market, all of that. What we are seeing right now is the effects of the brexit VOTE, not the brexit PROCESS.

[QUOTE=Muggi;51920905]Well, it is not "splitting hairs". One is the vote, the decision to leave the EU, and one is the ACTUAL process of leaving the EU; changing laws, losing access to the single market, all of that. What we are seeing right now is the effects of the brexit VOTE, not the brexit PROCESS.[/QUOTE] Right. I shall be sure to correct anyone who says that Brexit caused the fall in the value of the pound, then.

[QUOTE=Sanxy;51920775]But Brexit is evil! Facepunch said so![/QUOTE] It is? I mean read the first sentence of the article, this is caused by the drop in its currency's value.

[QUOTE=Sanxy;51920775]But Brexit is evil! Facepunch said so![/QUOTE] well reading the quoted part in the OP it still says that it's bad did you read it