Economy
UK manufacturing sinks further into trouble
As well as delivering news of a measly 0.2 percent growth rate in Q4 2018, the latest GDP figures from the Office for National Statistics revealed a manufacturing sector in recession. As our chart shows, negative year-on-year growth in the last two three-month periods of 2018 of -0.70 percent and -1.50 percent have plunged the key economic pillar into serious trouble.
Commenting on the latest results, Frances O’Grady, general secretary of the TUC, said: “The prime minister’s failure to rule out a no-deal Brexit is harming confidence in the economy and holding back growth...With our manufacturing sector in recession, the prime minister must act now to remove the threat of crashing out.”.
Description
This chart shows year on year three-month growth rate of the UK manufacturing sector in 2018.
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