British Industrial Output Drops

Oct. 9, 2012
Trade deficit widens.

Industrial production in recession-hit Britain fell in August from the previous month, and the nation's trade-in-goods deficit widened more than expected, official data showed on Tuesday.

Industrial output dipped by 0.5% in August compared with July, and by 1.1% on an annual basis, the Office for National Statistics (ONS) said. The figures were in line with market expectations.

Separately, the ONS said Britain's trade-in-goods deficit worsened to £9.8 billion (US$15.7 billion) in August from £7.3 billion in July.

Economists had forecast the trade deficit to widen to £8.1 billion, according to a survey by Dow Jones Newswires.

Copyright Agence France-Presse, 2012

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