downer

No industrial recovery please, we’re British

July 9, 2013
July 9, 2013

A surprising decline in British industrial production disappointed UK economy watchers, after a string of survey data suggested the economy there was poised to pick up steam. Pharmaceuticals and metal making led the decline. Here’s a look at manufacturing output, which dropped 0.8% in May from April.

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For a broader view of industrial production in Old Blighty, take a look at the year-over-year numbers. They declined  2.3% in May from the previous year. Here’s a look at just how nonexistent the recovery in Britain’s industrial economy has been since the depths of the Great Recession.

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