Newspaper article Manchester Evening News

Slowdown in Britain's Production

Newspaper article Manchester Evening News

Slowdown in Britain's Production

Article excerpt

BRITAIN'S manufacturing and construction sectors contracted in March and the country's trade deficit widened as the economy continues to falter.

Data from the Office for National Statistics (ONS) showed manufacturing output fell 0.6 per cent in March, construction dipped 0.7 per cent while industrial output as a whole slumped 0.5 per cent, its third straight monthly decline.

The figures, which fell short of expectations, point to a further slowdown in momentum for the UK economy following the country's decision to quit the EU last year.

To compound matters, the UK's total trade deficit in goods and services widened by Pounds 2.3bn between February and March to Pounds 4.9bn, contributing nearly half of the quarterly deficit, which also grew by Pounds 5.7bn to Pounds 10.5bn.

Sterling lost ground on the news, with the pound falling 0. …

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