British Manufacturing Output Worst For Seven Months

Dec. 6, 2005
Britain's manufacturing output hit the lowest level for seven months in October, official figures showed on Dec. 6. The figures were published a day after British finance minister halved his Labour government's official economic growth forecast for 2005 ...

Britain's manufacturing output hit the lowest level for seven months in October, official figures showed on Dec. 6. The figures were published a day after British finance minister halved his Labour government's official economic growth forecast for 2005 to 1.75%, citing inflationary pressures.

Manufacturing output, which accounts for about 18% of Britain's gross domestic product (GDP), fell by 0.7% in October from the previous month, the office for National Statistics said. That was the biggest fall since March, and marked the third consecutive monthly decline.

A breakdown of the data revealed a 2.7% drop in manufacturing output by transport equipment industries, a 1.8% fall in the electrical and optical equipment industries and a 1.2% slide in the pulp, paper, printing and publishing sector.

Copyright Agence France-Presse, 2005

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