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So coming at it from the goods side, and the demand for goods, that's the potential market that's out there at this time.
Malcolm Barr at JP Morgan noted that most of the upside inflation surprises had come from the goods side, while the "services side is behaving as you would expect in a recession".
"Since the VAT cut last December we've had a run of surprisingly strong readings on the goods side of the inflation basket," he said, adding that the weaker pound had kept inflation higher than elsewhere.
On the goods side, this involves shifting freight transportation from roads to rails and waterways.
Similar(56)
The good side?
How do you find the good side?
That is the good side of Bangladesh.
Let's look on the good side.
Let's look at the good side.
That's the good side.
That's the good side of it".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com