Manufacturing output fell by half a per cent between April and May, according to the Office for National Statistics (ONS), despite forecasts of a 0.2 per cent rise.
The drop came as a disappointment to those who had hoped the forecasted figures would represent one of the first concrete indicators that the downturn had peaked and recovery was imminent. The unexpected fall is being attributed to the paper, printing and publishing industries which dropped 2 per cent between April and May, despite doing…
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