UK manufacturing output sees surprise fall in April

| June 11, 2010 | 0 Comments

The Office for National Statistics (ONS) today revealed UK manufacturing output unexpectedly fell in April, raising fears about the strength of the economic recovery.

According to the ONS, output fell by 0.4% in April compared with March – far below analysts expectations of a 0.5% rise and follows a rise of 2.2% in March.

The fall represented the worse since January and suggest the second quarter has started weakly after two consecutive quarters of post-recession growth.

On an annual basis, output was up 3.4%.

The wider measure of industrial production also fell by 0.4% in April month-on-month, while rising 2.1% on an annual basis. Expectations were for a rise of 0.4% on the month and 2.2% on the year.

Meanwhile, separate figures published by the ONS revealed a fall in producer input costs for the month of May, while annual factory gate inflation was slightly lower than expected.

Producer input prices rose 11.2% year-on-year - exceeding expectations of a 10.7% rise. However, output price inflation slowed from 5.9% to 5.7%.

Tags: , , , , , , , , , , ,

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Leave a Reply

Visited 1778 times, 2 so far today