Output fall rate suggests economy out of 'free fall' ; MANUFACTURING

Summary

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Manufacturing output fell by 0.9 per cent between January and February in its slowest rate of decline for half a year - but output has still fallen for 12 months running.

This is the latest of a series of economic pointers indicating that, while still slowing, the economy is no longer in free fall and starting to respond to rock bottom interest rates and the government's stimulus.

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Extract

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Output fall rate suggests economy out of 'free fall' ; MANUFACTURING

Nevertheless, the annual rate of decline reached 13.8 per cent in February, steeper than at any time since January, 1981.

The manufacturing sl...

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