UK industry back in recession
UK industry slipped back into recession after shrinking for the second straight quarter.
Office for National Statistics data showed total production output picked up by 0.3 per cent in March from the previous month but fell 0.4 per cent in the first three months of 2016.
The downturn was led by a 2.3 per cent drop in mining and quarrying. Manufacturing fell 0.4 per cent. Industrial production had not been in recession since the middle of 2012.
British Chambers of Commerce chief economist David Kern said: “While adverse global conditions remain a major challenge for manufacturing, this is now being exacerbated by a slowdown in the domestic economy.”