UK manufacturing sinks further into trouble

Published on: February 12, 2019 / Update from: February 12, 2019 - Author: Konrad Wolfenstein

The latest GDP figures from the Office for National Statistics show not only a moderate growth rate of 0.2 percent in the fourth quarter of 2018, but also a recession in the manufacturing sector. As our chart shows, negative growth in the last two three-month periods of 2018 of -0.70 percent and -1.50 percent year-on-year, respectively, has put the main economic pillar in serious trouble.

Commenting on the latest results, TUC General Secretary Frances O'Grady said: “The Prime Minister's failure to rule out a no-deal Brexit is damaging confidence in the economy and slowing growth... Given the recession in our manufacturing sector, the Prime Minister must act now to eliminate the risk of a crash…”

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 a 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.”.

You will find more infographics at Statista