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UK Manufacturing Input Prices Fall at Fastest Pace Since 2009

Monday, 2 Jul 2012 | 4:30 AM ET

"The data has been very poor for quite some time, we are in a recession in the first quarter let alone the second quarter, individual pieces are bouncing around but I think the trend is still really poor and that is before the full force of the latest euro zone crisis is seen bearing in mind data tends to be trailing," Stephen Isaacs, chairman of the investment committee at Alvine Capital, told CNBC.