• U.K. manufacturing and industrial production falls December

Market news

10 February 2016

U.K. manufacturing and industrial production falls December

The Office for National Statistics (ONS) released its manufacturing industrial production figures for the U.K. on Wednesday. Manufacturing production in the U.K. fell 0.2% in December, missing expectations for a 0.1% gain, after a 0.3% decrease in November. November's figure was revised up from a 0.4% drop.

Manufacturing output was mainly driven by a drop in the manufacture of wood, paper products and printing, which plunged by 2.1% in December.

On a yearly basis, manufacturing production in the U.K. decreased 1.7% in December, missing forecast of a 1.4% fall, after a 1.2% drop in November.

Industrial production in the U.K. slid 1.1% in December, missing forecasts of a 0.1% fall, after a 0.8% rise in November. It was the biggest monthly drop since 2012.

November's figure was revised down from a 0.7% decrease.

The decline was driven by falls in mining, oil and gas extraction and manufacturing.

On a yearly basis, industrial production in the U.K. decreased 0.4% in December, missing expectations for a 1.0% rise, after a 0.7% increase in November. November's figure was revised down from a 0.9% gain.

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