Pressure on as manufacturing output drops

The industrial sector came under increased pressure in March as official figures revealed a drop in output.

Year-on-year, manufacturing production fell 1.9%, the biggest fall since 2013, according to the Office for National Statistics (ONS).

Manufacturing, the largest part of production, was the main culprit with output falling  1.9% year-on-year

The drop comes at a time of crisis for Britain’s steel industry.

Over the past few months the steel industry has been grabbing headlines after for all the wrong reasons.

Back in March India’s Tata Steel announced plans to sell its UK steel business.

 

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About Ryan Fowler 605 Articles
Ryan Fowler is the editor of Specialist Finance Introducer