Britain's manufacturing still hasn't recovered from the financial crisis, says David Smith in The Sunday Times. Output is still 3.3% below 2008's first quarter; the service sector is already 14% up on its pre-crisis peak. So manufacturers are hoping for a handy fillip from sterling's sharp post-referendum slide, which makes our goods cheaper abroad.
Ultimately, that's good news, says Philip Aldrick in The Times. It is forcing firms to invest, as they can no longer rely on cheap foreign labour. A Bank of England survey shows that they are already investing more. "Were Brexit not the catalyst, everyone would be crowing about a nascent productivity surge." Brexit is a risk, but it is bringing about a long-overdue rebalancing from consumption to investment and manufacturing.
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The charts that matter: bond yields and US dollar continue to climbCharts The US dollar and government bond yields around the world continued to climb. Here’s what happened to the charts that matter most to the global economy.
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The charts that matter: markets start the year with a crashCharts As markets start 2022 with a big selloff, here’s what happened to the charts that matter most to the global economy.
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The charts that matter: a tough week for bitcoinCharts Cryptocurrency bitcoin slid by some 20% this week. Here’s what else happened to the charts that matter most to the global economy.
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The charts that matter: omicron rattles marketsCharts Markets were rattled by the emergence of a new strain of Covid-19. Here’s how it has affected the charts that matter most to the global economy.
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The charts that matter: the US dollar keeps on strengtheningCharts The US dollar saw further rises this week as gold and cryptocurrencies sold off. Here’s how that has affected the charts that matter most to the global economy.
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The charts that matter: gold hangs on to gains while the dollar continues higherCharts The gold price continued to hang on to last week’s gains, even as the US dollar powered higher this week. Here’s how that has affected the charts that matter most to the global economy.
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The charts that matter: inflation fears give gold a much needed boostCharts US inflation hit its highest in 30 years this week, driving gold and bitcoin to new highs. Here’s how that has affected the charts that matter most to the global economy.
