UK industry returns to recession

Jessica TranterLast Update : Wednesday 11 May 2016 - 12:34 PM
UK industry returns to recession

UK industry in recession for third time in eight years

industry workersImage copyright Getty Images

UK industry went back into recession as it shrank for the second quarter in a row, according to the Office for National Statistics (ONS).

Although industrial production rose by 0.3% between February and March, it fell 0.4% over the first three months of 2016 and the last three of 2015.

Compared with a year ago, manufacturing production fell 1.9%, the biggest fall since 2013, worse than most forecasts.

It is the third time UK industry has been in recession in eight years.

Source: BBC Business

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2016-05-11 2016-05-11
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Jessica Tranter