Friday, 1 June 2012

Deeper recession looms as factory output slumps

Britain and the rest of Europe are heading for a deeper recession after figures showed manufacturing output slumped at its fastest pace for three years.

A dearth of new orders in the UK has added to a sense of panic among manufacturers, which have been left scrambling to keep their factories busy and delay laying off workers, according to a report into the industry...Guardian

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