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Joined Nov 11, 2007
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U.K. Manufacturing Falls More Than Expected

 

“U.K. manufacturing production fell more than economists forecast in October as food and alcohol slumped, indicating weakness in the economy at the start of the fourth quarter.

Factory output dropped 1.3 percent from September, the most in four months, the Office for National Statistics said today in London. The median forecast of 28 economists in a Bloomberg News survey was for a 0.2 percent decline. Total industrial output unexpectedly fell 0.8 percent, a third consecutive decrease, led by mining, oil and gas….”

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