Britain’s manufacturing output and industrial production has surprised experts as figures released today show they suffered a sharp drop in January.
In the biggest fall since June, manufacturing output fell by 1.5%.
Triple Dip ahoy. Bad industrial/ manufacturing numbers. Expected to be flat in January. Sharply down. Cheap £ effect not felt. Snow impact.
— Faisal Islam (@faisalislam) March 12, 2013
At the same time, industrial production fell 1.2% month-on-month in January, according to estimates from the Office for National Statistics.
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