Tuesday, December 09, 2008
Manufacturing slide to hit GDP growth
Posted by David Smith at 12:30 PM
Category: Thoughts and responses

Manufacturing output was very weak in October, getting the fourth quarter off to a very bad start and suggesting the GDP fall in the final three months of the year will be of the order of 1%, from 0.5% in the third quarter. Sterling's fall is not doing much to protect industry from a very sharp slide in activity. More details here.

Andrew Sentance of the Bank of England's monetary policy committee discusses the recession in a rather interesting speech: The Current Downturn - A Bust Without a Boom?, available here.