The UK manufacturing industry remains in recession and although it is expected to pick up next year,...
The UK manufacturing industry remains in recession and although it is expected to pick up next year, analysts are unsure as to when this will happen. Andrew Milligan, head of global strategy at Standard Life, says: 'We have seen a downturn in the UK manufacturing industry all year of around 4%. This has been led by the high-tech component of the sector.' Milligan explains the tech sector in the manufacturing industry has suffered the most because these stocks are cyclical in nature. The manufacturing industry has faced problems due to excess stock and falling demand, says Milligan....
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