ECONOMICS COMMENTARY
Jan 11, 2013
UK industrial production suffers steepest downward trend since April 2009
Industrial production data for November add to the likelihood of the UK economy having contracted in the final quarter of last year. There are signs that the situation in manufacturing improved in December, but a deteriorating trend in the far larger service sector and forecasts of heavy snow for January have raised the possibility that the economy could contract in the first quarter.
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