UK industrial output falls more than expected in April

| June 10, 2011 | 0 Comments
”UK

The Office for National Statistics has today revealed UK industrial output fell 1.7% in April – confounding expectations of a 0.1% rise.

The fall was attributed to the extra bank holiday for the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain.

The fall represented the biggest since August 2009.

Meanwhile, the narrower measure of manufacturing output (which excludes utilities and oil and gas extraction) plunged 1.5% in April – the biggest fall since January 2009.

The figures have led analysts to believe that manufacturing will not make as big a contribution to economic growth in the current quarter.

The manufacturing sector, which accounts for around 13% of economic output, has been one of the bright spots in the UK economy, but the latest data will no doubt raise fears about the recovery.

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 1044 times, 9 so far today