The Committee’s use of these indicators in conjunction with the broad measures recognizes the issue of double-counting of sectors included in both those indicators and the broad measures.Still, a well-defined peak or trough in real sales or IP might help to determine the overall peak or trough dates, particularly if the economy-wide indicators are in conflict or do not have well-defined peaks or troughs.In addition, the committee refers to two indicators with coverage primarily of manufacturing and goods: (3) industrial production and (4) the volume of sales of the manufacturing and wholesale-retail sectors adjusted for price changes.
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Hawes said: “Business and political uncertainty is reducing buyer confidence, with consumers and businesses more likely to delay big-ticket purchases.“The confusion surrounding air quality plans has not helped, but consumers should be reassured that all the new diesel and petrol models on the market will not face any bans or additional charges.“Manufacturers’ scrappage schemes are proving popular and such schemes are to be encouraged given fleet renewal is the best way to address environmental issues in our towns and cities.”Alex Buttle, director of car buying comparison website uk, said: “After two successive quarters of decline in car sales, the UK’s new car market is officially in recession.“There’s no doubt that the new diesel car market is being destroyed by diesel scrappage schemes and upcoming toxin taxes.
And with Brexit fears likely to keep hampering consumer confidence in the short term, the new car market has a fight on its hands to recover.”Jim Holder, editorial director of What Car?
The dating process is made by a “weighing and sifting” process and a best judgment call is made as to what are the starting and ending months for any recession.