The decline in the British manufacturing industry slowed much sharply than expected by experts, the Telegraph reported. This means that the economy may not have shrunk as much as thought in the first three months. The manufacturing production fell by just 0.1%, its smallest fall in over a year. Hetal Mehta, senior economic adviser to the Ernst & Young ITEM Club said for the newspaper that the figures were "a pleasant surprise and likely to lead to an upward revision to the first quarter gross domestic product data". This means that if the numbers continue to improve in the next few months the recession for the UK might be over. However, the rate of contraction is still severe in some industries. The article published by the Telegraph provided well balanced, two sided argument concerning the economic condition of the UK.
The Wall Street Journal reported a rise in the factory-gate prices at their slowest pace in five years in April, while input prices dropped at the fastest rate in almost seven years. "April's producer prices figures serve as a timely reminder that pipeline price pressures in the U.K. economy are fading rapidly," said Jonathan Loynes, U.K. economist at Capital Economics. The main reason for the overall weakening, according to the WSJ is petroleum-product prices, which dropped 16.3% in the year to April. In monthly terms, input prices fell 1%, following a 1.3% rise in March. Economists had forecast a 0.8% gain.
The article from the FT is the longest. They don’t use a lot of interviews but they analyse the situation from different perspectives by using a range of numerical economic data. They also include more information about the UK, such as that over the last three months exports to the USA, Italy and Japan have risen, but fallen much more sharply to France, Germany and Canada. Imports have fallen particularly sharply from Japan, but risen to the US and they also say that the pound rose 1.1 per cent to $1.5277 against the dollar on Tuesday, its strongest level since early January. It climbed 0.6 per cent to £0.8931 against the euro and gained 1.4 per cent to Y149.10 against the yen. In overall, the opinion of the FT is that the economy is past the worst of the recession.
As usually the BBC use a lot of quotes by experts and economists. BBC doesn’t provide their own opinion and judgment, but they shape it out of the quotes included in the article. They provided both positive and negative perspectives, however it was more negative compared to the other media, which reported the news. The BBC included things such as that the British Chambers of Commerce (BCC) said the manufacturing downturn was a threat to the skills in the country.
In overall, the news show that the economic condition of the UK is improving and the country might be coming out of the recession. However, we shouldn’t make assumptions yet, as the figures might change in the future and it is early to say if the downturn in manufacturing is over. Also, the situation is still bad in many areas.
The Wall Street Journal reported a rise in the factory-gate prices at their slowest pace in five years in April, while input prices dropped at the fastest rate in almost seven years. "April's producer prices figures serve as a timely reminder that pipeline price pressures in the U.K. economy are fading rapidly," said Jonathan Loynes, U.K. economist at Capital Economics. The main reason for the overall weakening, according to the WSJ is petroleum-product prices, which dropped 16.3% in the year to April. In monthly terms, input prices fell 1%, following a 1.3% rise in March. Economists had forecast a 0.8% gain.
The article from the FT is the longest. They don’t use a lot of interviews but they analyse the situation from different perspectives by using a range of numerical economic data. They also include more information about the UK, such as that over the last three months exports to the USA, Italy and Japan have risen, but fallen much more sharply to France, Germany and Canada. Imports have fallen particularly sharply from Japan, but risen to the US and they also say that the pound rose 1.1 per cent to $1.5277 against the dollar on Tuesday, its strongest level since early January. It climbed 0.6 per cent to £0.8931 against the euro and gained 1.4 per cent to Y149.10 against the yen. In overall, the opinion of the FT is that the economy is past the worst of the recession.
As usually the BBC use a lot of quotes by experts and economists. BBC doesn’t provide their own opinion and judgment, but they shape it out of the quotes included in the article. They provided both positive and negative perspectives, however it was more negative compared to the other media, which reported the news. The BBC included things such as that the British Chambers of Commerce (BCC) said the manufacturing downturn was a threat to the skills in the country.
In overall, the news show that the economic condition of the UK is improving and the country might be coming out of the recession. However, we shouldn’t make assumptions yet, as the figures might change in the future and it is early to say if the downturn in manufacturing is over. Also, the situation is still bad in many areas.
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