Have you been following the news less? A lot of people have, and that can be good, but it can also spell trouble for those of us in the news business. We're about to find out, because Mother Jones has a $350,000 fundraising goal right now. In "Slow News Is Good News," I try to reset after several chaotic years and make a longer-lasting case for why our nonprofit journalism matters. I hope you'll read it and that you'll pitch in if you can.
Have you been following the news less? A lot of people have, and that can be good and bad. It's unnerving, because Mother Jones has a $350,000 fundraising goal right now. In "Slow News Is Good News," we try to reset after several chaotic years and make a longer-lasting case for why our journalism matters. Please read it—and please pitch in!
The U.K. economy likely contracted in July as businesses responded to the uncertainty created by a vote to leave the European Union by cutting output and payrolls, according to a survey of purchasing managers at manufacturers and service providers….The U.K. PMI is a measure of activity based on monthly questioning of 600 manufacturing companies and 650 service providers since 1998. It has a close correlation with official measures of economic growth.
….Markit said the measure fell to 47.7 in July from 52.4 in June, the sharpest one-month drop on record. A reading below 50.0 signals a decline in activity, and a reading above that level indicates an expansion.
Is this a temporary dip, or a sign of things to come? Obviously we don’t know yet. But that’s a helluva big drop for a single month.
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The U.K. economy likely contracted in July as businesses responded to the uncertainty created by a vote to leave the European Union by cutting output and payrolls, according to a survey of purchasing managers at manufacturers and service providers….The U.K. PMI is a measure of activity based on monthly questioning of 600 manufacturing companies and 650 service providers since 1998. It has a close correlation with official measures of economic growth.
