UK Manufacturing up by 0.8%

Figures released by the ONS (Office of National Statistics)show an increase in Manufacturing of 0.8% in February that may contribute to the UK's narrow escape from the triple dip recession but the growth that needs to have happened in Q1 of 2013 to avoid this headline economic statistic, is forecast to be just better than flat at 0.1%.

However, there always seems to be a downside at the moment where the UK economy is concerned and UK trade with the rest of the world has declined. The trade gap for the month of February has grown to £9.41 billion from  £8.17 billion in January, as our exports to the Eurozone and the US declined during this period.