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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 7 December 2012 [View all]xchrom
(108,903 posts)41. UK manufacturing output sees sharp fall
http://www.bbc.co.uk/news/business-20638091
UK manufacturing output registered a surprisingly sharp fall in October, resurrecting fears of recession.
Output fell by 1.3% from September, the Office for National Statistics said, with food and drink output, notably beer, down following the Olympics.
It was the worst fall since June, when activity was depressed by extra public holidays for the Diamond Jubilee.
It also adds to evidence that the UK economy may be relapsing into recession after a short rebound over the summer.
UK manufacturing output registered a surprisingly sharp fall in October, resurrecting fears of recession.
Output fell by 1.3% from September, the Office for National Statistics said, with food and drink output, notably beer, down following the Olympics.
It was the worst fall since June, when activity was depressed by extra public holidays for the Diamond Jubilee.
It also adds to evidence that the UK economy may be relapsing into recession after a short rebound over the summer.
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