View more on these topics

Manufacturing down but trade deficit shrinks

British manufacturing output fell 5.5% in the first quarter of 2009 compared with the previous quarter, according to the Office for National Statistics (ONS).

Meanwhile, in a separate release, the ONS said that Britains trade deficit on trade in goods and services narrowed to 2.5 billion in March from 2.8 billion in February. Excluding oil and erratic items, the volume of exports and imports were both 4% lower in March than February.

According to the ONS, manufacturing output fell 13.1% compared with the same quarter last year, and declined in 11 of the 13 sub-sectors. However between February and March, manufacturing output only fell by 0.1%, the lowest rate of decline for 13 months.

Total production output fell 5.3% in the first quarter of this year compared with the previous quarter, and was down 12.1% on the same quarter last year.


Related Articles:
British economy shrank in last quarter of 2008
British manufacturing slumps

Recommended

Global executives call for tighter regulation

The global economic downturn has shaken capitalism to its foundations, according to a global executive survey by the Economist Intelligence Unit (EIU).“Capitalism has changed fundamentally,” says Jason Sumner, the senior editor of the report, in his summary of the results. Executives now want more regulation in the banking sector and beyond, the survey found. The […]

Buy-to-let RMBS arrears rocket

UK buy-to-let delinquencies on mortgage backed securities increased significantly during Q1 2009, according to Moody’s Investors Service.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com