UK manufacturing production declines unexpectedly

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/reuters

UK manufacturing production decreased more than expected in October, according to official data. Manufacturing production of the country declined by 0.7% in October as compared to 0.1% in September. Experts predicted slight decline of 0.1%. On a yearly basis, manufacturing production increased by 0.3% while the expected gain was 1.4%.

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UK Manufacturing output drops in October

UK industrial output declined more than was previously predicted by economists as escalating European debt crisis hurt demand for UK's export goods. Factory output lost 0.7% compared to September which is the biggest drop since April, said Office for National Statistics today. On yearly basis, however, manufacturing output added 0.3%.             

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