British Industrial Output Drops

British Industrial Output Drops

LONDON -- Industrial output across Britain surprisingly slid in May, official data showed on Tuesday.

Output fell by 0.7% in May compared with a gain of 0.3% in April, the Office for National Statistics (ONS) said.

Analysts' consensus forecast was for another gain of 0.3% in May, according to a survey by Dow Jones Newswires.

Over a 12 month period, industrial output jumped by 2.3% in May, the ONS added, also falling below market expectations for a gain of 3.2%.

Manufacturing output -- which excludes mining and quarrying, electricity, gas and water supply -- dropped 1.3% in May compared with April. It increased by 3.7% year-on-year.

Copyright Agence France-Presse, 2014

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