Manufacturing - revisions

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National Statistics revealed some significant revisions to past data on the economy and manufacturing.

  • Manufacturing output fell 0.2% in 2013q1 compared with previous estimates on 0.3%.
  • The peak to trough fall in manufacturing through 2008-9 was slightly larger at 12.2%
  • The rebound in 2010 was stronger. with output growing 4.2% compared with previous data showing a 3.8% expansion
  • But the period since the end of 2010 has been slightly weaker
  • This leaves output almost 11% below its pre-recession peak


Chief Economist

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