Austerity Britain: UK economy is becoming the real sick man of Europe
March 12, 2013
Fresh numbers out today confirm that the UK economy is in a mess. Here is the topline:
- Industrial output -1.2% (forecast +0.1%); factory output -1.2% (forecast no change)
- UK Manufacturing Production y/y (Jan) Actual: -3.0% Survey: -1.0% Prior: -1.5%
While the Conservative poll numbers are in the dumper, Sterling is taking a battering.
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