FXstreet.com (Barcelona) - British manufacturing sector is being seriously affected by the global economic slowdown, and the same can be said about the industrial activity, both of them posting larger than expected declines on production in November, according to figures released by National Statistics.

Output of the manufacturing industries has posted a 2.9% decline in November, well above the 0.9% decline advanced by market analysts. Manufacturing production has failed to grow for nine consecutive months, while in the last three months, manufacturing output fell 3.3%.

Year on year, manufacturing output has posted a 7.4% decline, the largest since 1981.