Over the past 30 years Australia has shed more than 284,000 manufacturing jobs on a net basis. Moreover, these jobs are not coming back.
Regional NSW "recession hit" as Sydney booms
Strewth, without the contributions of Sydney and Melbourne there would be no Australian economic growth of which to speak.
That's how stark the difference in conditions is.
On a related note, more GDP partials were reported today suggesting a possible negative print tomorrow.
Hold onto your hats!