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UK economy shrinks by 0.3% on back of manufacturing slump

The Guardian Manufacturing

August GDP data from ONS gives strong signal that UK is entering recession Business live updates: UK economy shrinks in August Britain’s economy shrank by 0.3% Giving a strong signal that the UK is entering a recession , the Office for National Statistics said manufacturing declined by 1.6%

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UK economy shrinks by 0.5% in July amid wet weather and strikes

The Guardian Manufacturing

Manufacturing, services and construction sectors contract for first time since summer of 2022 Business live – latest updates The UK economy shrank in July by 0.5% amid industrial action and extremely wet weather, official figures indicate, heightening fears of a recession in the second half of the year.

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UK economy grows faster than expected after surprisingly strong June

The Guardian Manufacturing

in April to June on back of recovery in car manufacturing, says ONS The UK economy grew faster than expected in the second quarter of this year after growth was boosted by a recovery in car manufacturing and a surprisingly strong June. UK GDP increased by 0.2% GDP increases by 0.2% between April and June, up from 0.1%

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UK avoids recession as economy stronger than first thought at end of 2022

The Guardian Manufacturing

in final three months of last year despite fears over inflation and financial turmoil Business live updates: UK avoids recession Britain’s economy grew more than initially thought in late 2022 as a boost from builders, manufacturing and the telecoms sector helped the country avoid a recession. GDP rose by 0.1%

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UK could be left behind in green energy transition, study warns

E&T

The nations with the largest growth in the sector were the US (6.4 European nations also made the top five, with Spain predicted to reach 6.0 Unless the government ensures investment in the UK is attractive, the 480,000 jobs that a net-zero transition is estimated to support by 2030 will not materialise,” the report said.

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UK manufacturers face harsh recession, industry body warns

E&T

The body, which represents UK manufacturers, blamed the forecast on increasing costs across the board, tighter fiscal and monetary policy and weakening consumer demand. The results, which were based on a survey of 330 firms, suggest the UK’s manufacturers are headed for “a perfect storm” the body said. per cent contraction this year.

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UK manufacturers report steep fall in output

E&T

And with the UK economy set to be in recession through much of 2023, there remains a strong case for further support in the coming year.”. In October, Office for National Statistics figures showed that the number of UK manufacturing businesses shrank by 10 per cent in 2021 , while turnover also fell by 9.2