Today’s release of the Index of Production also showed manufacturing is 2.3% down compared to February 2011.
Since February last year eight manufacturing sub sectors have fallen, with four rising and one unchanged.
The weakest sectors have been rubber & plastics, which fell by 8.9%, while food, drink & tobacco fell by 2.4%.
Between January and February transport equipment and rubber and plastics were the biggest fallers.
Markets had been expecting a 0.1% month-on-month increase so the news has added to the gloom on equity markets, with the FTSE 100 down 0.56%.
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