Manufacturing suffered its worst decline in 40 years in the three months to the end of February, according to official figures released today by the Office for National Statistics.
A drop in production of 6.5 per cent is the worst since records began in 1968. Output is now down 13.8% on the same time a year before. While this figure is not quite as bad as the 14.2% fall analysts were expecting, “the sector’s still in pretty bad shape,” to borrow the words of…
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