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20: Don't Think in Black & White
This week Nick and Jo try to make sense of some fairly contradictory pieces of information. The Purchasing Managers' Index July figures appear to be more confident than previous months, however the number of businesses taking loans is still surprisingly high...
Lockdown measures have continued to ease with the opening of hospitality and retail, and therefore you would expect to see a fall in the number of furloughed workers. Instead, the number has actually risen. The Bank of England has revised its initial forecast for GDP to shrink 14% this year, stating it expects that figure to now be 9.5%.
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By Company WatchThis week Nick and Jo try to make sense of some fairly contradictory pieces of information. The Purchasing Managers' Index July figures appear to be more confident than previous months, however the number of businesses taking loans is still surprisingly high...
Lockdown measures have continued to ease with the opening of hospitality and retail, and therefore you would expect to see a fall in the number of furloughed workers. Instead, the number has actually risen. The Bank of England has revised its initial forecast for GDP to shrink 14% this year, stating it expects that figure to now be 9.5%.