Manufacturing to fall as Britain left mired in recession

Mon, 07/23/2012 - 01:30 EDT - Telegraph

Manufacturing output will fall by 0.3pc as the eurozone crisis continues to weigh on trade and exports, according to EEF.

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Manufact
Eurozone factory output continues free-fall, deepening recession
BRUSSELS — Eurozone factory output continued its steep fall in autumn this year, underscoring the feeble domestic demand that risks prolonging the bloc’s recession. Industrial production in the 17 countries sharing the euro fell 1.4% in October after falling sharply in September, the EU’s statistics office Eurostat said on Wednesday. That was much worse than the modest growth expected by economists in a Reuters poll.
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UK manufacturing sector continues to shrink
Bad weather and weak demand from the crisis-hit eurozone left Britain’s manufacturing sector contracting for a second successive month in March. Despite a small pick-up in the monthly survey of industry from the Chartered Institute of Purchasing and Supply and Markit, the index of activity remained below the recession cut-off point of 50.
Britain's low-wage economy serves as a bind on the country

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