- a drop in Britain's Construction PMI
- a rise in U.S. Job Cuts
- a drop in U.S. Unemployment Claims (which are still at higher average levels than from 2000 to 2009)
- a sharp drop in U.S. Nonfarm Productivity
- a sharp rise in Unit Labour Costs
So, basically, we have a situation of fewer people being less productive at higher company costs in the U.S. and a continuing drop in Britain's business conditions. These figures do not bode well for a healthy business environment for either country that would support sustainable growth, without increasingly higher inflation in the short, medium, and long term, in my opinion.
