UK Manufacturing Production Falls 0.2% In December
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.