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Blow to UK manufacturing amid tax and trade war fears
Daily Express
|March 18, 2025
MANUFACTURING production fell in the first quarter of the year for the first time in a decade, figures show.
It came as fears over a global trade war and rising taxes hit firms.
Output was down 1% in the first three months of 2025 after a 20% rise in the quarter before, with UK orders dropping 7%, Made UK data show.
The industry body said: "Albeit the sector-wide contraction is only minor, the negative balance at the start of a year is an ominous one."
It is now forecasting that the manufacturing sector will contract by 0.5% this year, down from a previous forecast of -0.2%, before growing by 1% next year.
This story is from the March 18, 2025 edition of Daily Express.
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