British Manufacturing Slips

14 May 2003

UK manufacturing output slipped 0.2% in March, its steepest decline since October last year and double the drop predicted by analysts.

In year-on-year terms, March output fell 1%, fuelling further speculation that British economic growth is not as healthy as the government predicted.

“These numbers are undoubtedly bad,” commented HSBC economist John Butler, who suggested that “March’s fall was exaggerated by the uncertainties associated with war.”

Data sourced from: BBC Online Business News (UK); additional content by WARC staff