Weak manufacturing and industrial output signals a triple-dip recession

ONS figures show that manufacturing output has fallen by 1.5 per cent in January while growth was expected to be flat (1.5 per cent growth prior). Industrial production went down by 1.2 per cent while a fall to 0.1 growth was expected.

This numbers show actual output and signal that a triple-dip recession in the UK is almost guaranteed. Excluding a Jubilee blip in June last year, this is the worst manufacturing number since June 2009.

The ONS has removed items such as champagne from the Consumer Price Index basket of goods and added e-readers, blueberries and white rum.