Search on this site

Landscape Industry Forum

Landscape Gardening Jobs

« New chairman and social committee at the APL | Main | Plant nurseries patronising garden designers »


Britain has moved closer to its first-ever triple-dip recession with UK factories suffering a deep slump.

A renewed downturn would put further pressure on the UK's prized triple-A credit rating and knock business and consumer confidence.

The Office for National Statistics said factory output fell 1.3% in October, far worse than the 0.2% decline that analysts had been expecting. The wider measure of industrial production, which also includes mining and utilities output, fell 0.8%, reflecting a record fall in oil extraction although this was partly due to maintenance on North Sea rigs.

"A truly dire set of figures for the manufacturing sector," said Andrew Goodwin, senior economic adviser to the Ernst & Young Item Club. "With services only growing very slowly, this sizable drag from production is likely to be enough to tip fourth-quarter GDP growth back into negative territory."

The decline adds to the recent flow of poor numbers for the UK economy and bodes ill for overall growth. A rise of 1% between July and September brought the longest double-dip recession since the 1950s to an end, but this was partly due to a temporary boost from the London Olympics. The economy has been flatlining over the last two years.

What's eating Apple?

The comments to this entry are closed.