Advertisement

UK industrial output drops

London - Industrial output across Britain surprisingly slid in May, official data showed on Tuesday.

Output fell by 0.7 percent in May compared with a gain of 0.3 percent in April, the Office for National Statistics (ONS) said in a statement.

File picture: Free Images. Credit: FREE IMAGES

Analysts' consensus forecast was for another gain of 0.3 percent in May, according to a survey by Dow Jones Newswires.

Over a 12 month period, industrial output jumped by 2.3 percent in May, the ONS added, also falling below market expectations for a gain of 3.2 percent.

Manufacturing output - which excludes mining and quarrying, electricity, gas and water supply - dropped 1.3 percent in May compared with April. It increased by 3.7 percent year-on-year. - Sapa-AFP

SHOW ALL
Advertisement