(RTTNews) - Tuesday, the Office for National Statistics announced that manufacturing production in the UK declined 0.4% in August from the previous month, while economists expected just 0.2% fall. Production was down 0.2% in July. On a yearly basis, manufacturing output dropped 1.9%, following a 1.4% fall in the prior month.

Meanwhile, industrial production slid 0.6% month-on-month. Compared to August 2007, industrial output recorded a decrease of 2.3%. Economists were looking for 0.2% monthly fall and an annual decline of 2% for August.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved

Posted in Categories: Economy, Releases, Stocks, UK.

Subscribe by RSS Subscribe by Email