Manufacturing
As regular readers of this blog will know, I’ve been sceptical about the idea that the fall in the value of the pound would lead to a huge growth in manufacturing for a while.
Now this is being confirmed by recent statistics.
Do have a look at the second graph, by the way. The current decline doesn’t look too different from the 1970s and 1980s recessions yet, but in about six months’ time things might be a lot clearer.