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UK’s industrial output falls more than forecast in Dec

by ChemOrbis Editorial Team -
  • 10/02/2016 (17:22)
According to media reports, industrial production in the UK fell more than expected in December. Data from the Office for National Statistics (ONS) revealed that the country’s factory output declined 1.1% on the month in December, a steeper decline than the 0.1% decrease forecasted by analysts.

The decrease was attributed to lower electricity and gas production, which dipped 5.4% on the month in December. Manufacturing fell 0.2% on the year while it posted a decrease of 1.7% compared with the same month of 2014. This represented the largest annual decline since 2013.

In the final quarter of 2015, the UK’s factory output dropped 0.5%, posting the largest decline since the first quarter of 2013.
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