British Manufacturing Drops in January

March 10, 2010
On a yearly basis, however, output rose .2%.

Denting hopes of a speedy economic recovery, British manufacturing output sank by 0.9% in January from December.

However, output in December on a 12-month basis rose by 0.2%, the Office for National Statistics (ONS) said. That was the first increase since March 2008.

The ONS also revealed that a wider measure of industrial production, which includes mining, quarrying and energy, decreased by 0.4% in January from December.

"January's UK industrial production figures put a bit of a dent in hopes that the economic recovery might have picked up a bit more speed in the first quarter of the year," said Capital Economics analyst Jonathan Loynes.

Britain emerged from recession in the fourth quarter of 2009 with growth of 0.3% -- which ended a record recession that had lasted for six quarters.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!