manufacturing: production falls again
WORKERS, APRIL 2003 ISSUE
INVESTMENT IN BRITAIN’S manufacturing industry fell by 18% in 2002, by 7.9% in the last three months alone, an accelerating rate of decline. As a percentage of Gross Domestic Product, manufacturing investment is now just a tiny 1.3%, the lowest level since the Office for National Statistics’ series on business investment started in 1965.