The latest manufacturing figures from the Office for National Statistics have left analysts fearing that the downturn has accelerated beyond the grim predictions that had already been forecast.
Manufacturing output, the ONS reveal, is now slipping faster than it has since 1981. It fell 2.9 per cent in between October and November last year; far surpassing the 0.7 per cent the City had predicted. That brought output for the year down 7.4 per cent, its biggest decline since 1981. For the three months…
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