manufacturing slump

Manufacturing Slump Won’t Affect Economic Recovery

Manufacturing Slump Won’t Affect Economic Recovery 12th November 2010 A recent fall in manufacturing output is just a “hiccup” and won’t affect the UK economy’s continued recovery, economists have said. Figures from the Office for National Statistics (ONS) revealed that growth in manufacturing output slowed to 0.1% in September, from 0.4% in August. However, business groups have said that the manufacturing sector continues to play a key role in economic recovery as the service sector struggles. British Chambers of Commerce (BCC) chief economist, David Kern, said: “The manufacturing figures might have been low because we had two very strong figures in the previous quarters. If you focus on a single disappointing figure, you can come up with any number of reasons for the dr... »