Friday, February 6, 2009
Biggest quarterly fall in Manufacturing since 1974
Manufacturing output declined at its fastest rate since 1981 in December, underscoring the fragile state of the UK economy, official figures show. The Office for National Statistics (ONS) said it fell 10.2% from a year earlier as recession hit the sector. For the final three months of 2008 output fell 5.1%, the biggest quarterly fall since 1974.