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Double Dip Recession Feared Due to Factory Slowdown
16/09/2011
It was recently reported that in Britain, China and much of the eurozone, factory output has fallen. With only small amounts of growth reported in the US, Japan and Germany it is feared that the world is about to experience a second dip recession.
Over the past month, manuafacturing activity CIPS index fell in the UK from 49.4 to 49, this is the lowest score for 26 months, which points to the 1% drop in manufacturing output in since June.
After a slump of 0.5 per cent in the second quarter, that would plunge the sector back into recession.
Uk manufacturers are blaming this slump on quiet domestic demand and rising global economic uncertainty which has affected exported goods.
Homeowners aged over 55 years who are concerned about a further recession and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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