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Industrial output declines 0.4%

By rotide
Created 11/06/2010 - 15:42
UK industrial output declined by 0.4% in April compared to March, according to figures released by the Office for National Statistics (ONS).

This figure comes as a suprise as tt had been predicted that output would rise. This is the first fall in monthly production since January.

However, experts said the drop should be seen as a correction after a particularly strong jump in output in March of 2% and levels are still 2% higher than in April last year.

"The volatile monthly movements in these figures are somewhat at odds with more positive survey indicators though they conceal a solid year-on-year increase in output," said Lee Hopley, chief economist at the EEF manufacturers' organisation.


Source URL:
https://www.newbusiness.co.uk/news/industrial-output-declines-04