The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
Our index climbed a little higher in November, but underlying data gave little cause for cheer. Exports and rail freight volumes tumbled, investment in residential property suffered the steepest fall since Breakingviews records began in 2008, and pollution hit a 13-month high.
The old growth engines are running out of steam. Rail freight and steel production dropped in September, while investments in new property fell for a second consecutive month, a first in our data set. It’s a stark reminder that times have changed.