British Manufacturing Steadies In May

Britain's manufacturing output steadied in May, supported by increases in production of food, drink and tobacco, official data showed July 6. Manufacturing output, which accounts for almost 20% of British gross domestic product growth, was unchanged from April, the National Statistics Office said.

Manufacturing output, which accounts also for 80% of British industrial production, fell by 1.7 % on a 12-month basis, although analysts had forecast a drop of 2.2%. The wider measure of industrial production, which includes oil and gas output, rose by 0.1% in May from April, helped by solid increases in mining and quarrying, as well as electricity, gas and water supplies. This was the second monthly increase in a row following three declines. Economists' consensus forecast was for a 0.2% fall.

Copyright Agence France-Presse, 2005

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