• Bernie Ecclestoned@sh.itjust.works
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    1 year ago

    Of course you can compare PMI results, it’s a survey of purchasing managers, 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
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      1 year ago

      why do they publish them then?

      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.

      How did brexit affect France and Germany? There are no import controls from the EU to the UK

      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.

      • Bernie Ecclestoned@sh.itjust.works
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        1 year 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?

        https://www.google.com/search?q=pmi index by country

        I suppose Bloomberg just do this for no reason as well then?

        https://www.bloomberg.com/graphics/global-pmi-tracker/

        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
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          1 year 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.

          https://www.bbc.co.uk/programmes/m001qtb0

            • Syldon@feddit.uk
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              1 year ago

              PMI is a comparison to YOUR previous month.. When your data point is your own economy then that has no relation to anyone else’s. The EU is in contraction because of the massive upheaval that has taken place in recent years. The EU was massively weakened by Brexit, and compounded with a pandemic. This was further exacerbated by the energy supply disruption, which in turn affect mainland EU countries more than the UK.

              You are using one short term internal data point to prove an argument for something that happened in 2020 across many countries. It shows nothing but your ignorance on the subject.

              • Bernie Ecclestoned@sh.itjust.works
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                1 year ago

                Are you really this dense? Plus 50 is expansionary, below contractionary. It’s a prediction of economic activity. Can you seriously not see a reason why this data would be factored into investment decisions?

                • Syldon@feddit.uk
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                  1 year ago

                  It is based on the previous month. You can have 20 months at +50 and then contract. You are using a single stat from one month to justify something that happened 3 years ago. Typical Brexiteer gaslighting. Latching onto individual stats and bellowing the “see, see, see!”. It is a fact people are much worse off since Brexit. Trying to say we are doing better than France or Germany is just ludicrous and very weak.

                  • Bernie Ecclestoned@sh.itjust.works
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                    1 year ago

                    No shit, it’s called a trend. I think you’re just being obtuse or a troll

                    Whatever. How about looking at all the stories of when the UK was assumed to be the worst performer in the G7.

                    Now it isn’t, so all that was wrong.

                    I don’t expect you to get this, and I’m bored

                    Cya

            • jabjoe@feddit.uk
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              1 year ago

              When invoking experts (thought you Brexiteers had enough of experts), you should reference you sources. But that map doesn’t have Britain standing out from Europe. Brexit has damaged the EU and Britain. It hurt us worse, but has hurt them too.

              • Bernie Ecclestoned@sh.itjust.works
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                1 year ago

                Lexiter.

                If everywhere is fucked, nowhere is fucked

                Capiche?

                It’s just the degree of fuckedness. UK is not performing badly compared to its peers, ergo brexit is not affecting the UK on a macro scale.

                • jabjoe@feddit.uk
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                  1 year ago

                  There is no Lexit. It’s part of the ill defined Brexit blob that was all things to all people, but really, was a play for deep deregulation and racism. Though even the racism, was really just part of the play for deregulation.

                  Your map shows some places are improving. Though I don’t trust unlabeled sources. It is also a relative measurement not absolute. If your country is massively rich but is slightly contracting, you life will probably be better, than in a massively poor country that is strongly improving.

                  EU countries also struggling doesn’t help us at all. Less demand for our goods. It’s one of lies of Brexit, that economic gravity doesn’t exist. Our neighbors’ fate is always going to be part of our fate.

                  • Bernie Ecclestoned@sh.itjust.works
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                    1 year ago

                    There is lexit. A third of left wing voters votes for it. Labour are about to get into power.

                    Only an idiot would expect the Tories to deliver it. It’s a long term process. Undoing the environmental damage that the CAP has wrought will take decades.

                    The facts are facts, the economic effects are minimal. If you don’t change your opinion based on facts, then you’re left with beliefs. Good luck with that.