UK Weekly Economic Briefing: 28 Mar 2013

Sectoral trends were as divergent as ever in 2012, with the long awaited rebalancing of the economy towards the production sectors and away from private services remaining elusive. In the short-term manufacturing is likely to continue to lag, despite a strong pickup in output in the investment goods sector, but prospects look better for next year when a stronger global outlook should enable manufacturing to regain a little of the share of the UK economy that it has lost in recent years.