Manufacturing output in the UK has now surpassed its levels in the late 1970s, according to data released by the Office for National Statistics (ONS).
The news comes as opposition to indications that manufacturing has taken a hit in confidence. Manufacturing output has risen, despite falling job numbers and a decline in its economic share from 36% in 1948 to 10% in 2013. Additionally, productivity in the industry has increased to roughly 2.8% yearly since 1948, compared to the service…
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