UK output grew more than ten times faster than production in Brazil according to industrial production statistics last week but, these days, that is faint...

John Robertson

PortfolioDirect

UK output grew more than ten times faster than production in Brazil according to industrial production statistics last week but, these days, that is faint praise. UK industrial output grew by 0.9% in September while Brazilian industrial production eked out a gain of just 0.9% over the whole year to September. Brazil can expect some boost from the completion of 2014 World Cup infrastructure but, without that, this emerging economy is battling to push output higher. With some of its key trading partners in Europe also ticking up, the improved UK conditions are inching toward being self sustaining. While global growth looks like improving in the year ahead, the initial gains, however modest, look like coming from the USA and Europe and not the developing economies. See updated industrial production charts for the UK and Brazil at (VIEW LINK).


2 topics

John Robertson
John Robertson
PortfolioDirect

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment