Differentiate by sector: selective stress in manufacturing and business services
Manufacturing GVA growth (47/100, watch, deteriorating) and Administrative & Support Services GVA growth (48/100, watch, deteriorating) highlight sector-specific weakness, requiring tailored strategies – reducing inventory or capex exposure in tradeables and cyclical B2B services while identifying resilient niches. Regime assessment v0.2 (deterministic) Overall system health at 92/100 and improving Business credit growth (63/100, stable, improving momentum) indicate pockets of strength; stress is concentrated rather than economy-wide, so broad retrenchment may be premature.