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As pointed out manufacturing is at an 18 year high, so growth is currently broad based.0
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CBI survey reports reports an 18 Year high in export orders and manufacturing growth, not actual output.
Latest figures show actual manufacturing output down 12% compared to 1st quarter 2008 (which was not even the historic peak).
The point is that manufacturing is only around 10% of national output. No re-balancing to speak of in realistic terms of national output.0 -
Even manufacturing benefits in the short term producing building products and furnishings. The real problems start after the election when the loans have got to be paid back.As pointed out manufacturing ......
And when the increasing number of old or not fully employed people have to be looked after by the state because they have no savings.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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