UK Industry

UK Manufacturing Production Falls 0.2% In December

International News

UK Industry
Manufacturing production in the U.K. fell for the third straight month in December, dampening optimism over the country’s economic outlook, official data showed on Wednesday. In a report, the U.K. Office for National Statistics said that manufacturing production decreased by a seasonally adjusted 0.2% in December, disappointing expectations for a gain of 0.1% and following a decline of 0.3% a month earlier. On an annualized basis, manufacturing production fell at rate of 1.7%, worse than estimates for a decline of 1.4%, after declining at a rate of 1.2% in November. The report also showed that industrial production fell by a seasonally adjusted 1.1%, compared to forecasts for a drop of 0.1% and following a decline of 0.8% in the preceding month.