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UK industrial output slows as manufacturing, construction decline

Staff Writer | March 10, 2017
UK industrial output stumbled less than feared in January, official figures showed, but manufacturing and construction activity both shrank more than expected.
UK industrial output
Britain   The Office for National Statistics:
UK industrial production shrank 0.4% in January compared to December, the Office for National Statistics said, less than the 0.5% decline forecast by economists but down from the previous month's 1.1% rise.

Compared to January last year, industrial production picked up 3.2%, as expected but down from the December's 4.3% increase.

Manufacturing production was down 0.9% month-on-month, worse than the 0.7% consensus forecast fall, following the previous 2.2%. Year-on-year, manufacturing output grew 2.7% versus the 2.9% consensus and the revised previous 4.2%.

Construction output fell 0.4% versus a consensus for a drop of 0.2%, also deteriorating from the previous month's 1.8% improvement.

On a yearly basis, construction grew 2.0%, well up on the 0.3% expected but slower than the revised previous 2.6%.