Most importantly, while manufacturing output has grown slightly in the last five years, the growth in manufacturing output – traditionally evident despite job losses – has effectively stagnated, even as more jobs are being created.
There’s a mistake in here.
john77
@ Jack C
He’s saying the same fact from two different viewpoints. It has grown slightly in *five years* means that it has “effectively stagnated”.
Glass half full = glass half empty.
Jack C
john77,
True, and thanks
BC
Output and the rate of growth are two different things. No contradiction in what Tim says.
Chris Miller
Presumably our comparative international productivity will take a significant hit from the sliding £?
Most importantly, while manufacturing output has grown slightly in the last five years, the growth in manufacturing output – traditionally evident despite job losses – has effectively stagnated, even as more jobs are being created.
There’s a mistake in here.
@ Jack C
He’s saying the same fact from two different viewpoints. It has grown slightly in *five years* means that it has “effectively stagnated”.
Glass half full = glass half empty.
john77,
True, and thanks
Output and the rate of growth are two different things. No contradiction in what Tim says.
Presumably our comparative international productivity will take a significant hit from the sliding £?