How Green Are Your Shoots?
There are certainly some signs that the economic situation is easing. More commentators are saying we have reached the bottom of the trough and things will begin to pick up although some are still talking about a “W” curve with a further dip to come. There are positive signs on both sides of the Atlantic. In the USA, better than anticipated figures on jobs have given a boost to Wall Street. In the UK, the FTSE100 is up a third from its March low, the purchasing managers’ influential survey for the services sector is showing expansion for the third month running, indeed the services sector actually grew in June and July, and we have just seen the biggest increase in manufacturing output since October 2007.