British industrial output drops in January

Britain's Industrial output fell 0.4 percent in January from the December level, official data showed on Friday.

Industrial production meanwhile sank by 3.8 percent in January on a 12-month comparison, the Office for National Statistics (ONS) said in a statement.

Market expectations had been for a monthly increase of 0.2 percent and an annual decline of 3.2 percent, according to analysts polled by Dow Jones Newswires.

Manufacturing output, which excludes mining and quarrying, as well as the electricity, gas and water supply sectors, rose 0.1 percent in December from November, and by 0.3 percent on an annual basis, the ONS added.

Source: http://news.yahoo.com/british-industrial-output-drops-january-113201086.html

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