'Meltdown' scare stories spinning out of control

摘要

Claiming that manufacturing is heading for 'meltdown' is the kind of damaging scaremongering we can all do without. Looking at some of our figures this week for the first six months of the year (Financial News, page 10) it is evident that in some sectors companies that make things inspire much greater confidence among investors than those providing services. The index of share prices within the electrical and electronics industries, for example, is up 27% from January to June this year.