U.K. manufacturing production tumbles 1.5% in January By Investing.com
...or perhaps not.
Manufacturing production in the U.K. fell sharply in January, while industrial production figures also tumbled, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that manufacturing production plunged by 1.5% in January, missing expectations for a 0.1% increase.
Manufacturing production in December rose by a downwardly revised 1.5%.
Year-over-year, manufacturing production declined at rate of 3% in January, compared to expectations for a 1% decline. Industrial production dropped at a rate of 1.6% in the preceding month.
The report also showed that industrial production fell by 1.2% in January, compared to expectations for a 0.1% increase, after rising by 1.1% in December.
In a report, the U.K. Office for National Statistics said that manufacturing production plunged by 1.5% in January, missing expectations for a 0.1% increase.
Manufacturing production in December rose by a downwardly revised 1.5%.
Year-over-year, manufacturing production declined at rate of 3% in January, compared to expectations for a 1% decline. Industrial production dropped at a rate of 1.6% in the preceding month.
The report also showed that industrial production fell by 1.2% in January, compared to expectations for a 0.1% increase, after rising by 1.1% in December.
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