LONDON (Reuters) - British manufacturing output posted an unexpected fall in April, raising the risk of a longer recession and turning up pressure on policymakers to take action to boost economic growth.
Unemployment jumped by 70,000 in the three months to the end of February, amid the lowest growth in pay rises since 2001, as pressure mounts on George Osborne to adopt a more aggressive growth strategy, reports The Guardian.
The Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) rose to a 15-month high of 51.4 in December from an upwardly revised 49.2 in November – a far stronger increase than any predicted in a Reuters poll of 24 economists.
GERMANY had a very good 2011. Its economy grew by 3% on the year, helping bring unemployment down from nearly 7% to just 5.5% (as of November). No other large, developed economy performed nearly as well.
British manufacturing output fell unexpectedly in April from the level in March when it had soared, official data showed on Friday.Output in April dropped 0.4 percent from March but it grew by 3.4 percent on a 12-month basis, the Office for National Statistics (ONS) said in a statement.Output in March had jumped 2.2 percent from the February level in the biggest rise for eight years.