Monday, Aug 07, 2006

It never rains but it pours

Telegraph Online: UK industry weaker than expected

The Office for National Statistics said that overall industrial output fell 0.1pc in June from May, leaving it 0.7pc lower than a year earlier. Economists had predicted a 0.3pc rise on the month but the ONS said the new figures would shave only 0.02 percentage points off the 0.8pc preliminary estimate of GDP growth in the second quarter. Manufacturing output was also weaker than expected, rising by just 0.1pc in June against forecasts of a 0.2pc increase. That left factory output 0.9pc higher than a year earlier.

Posted by uncle chris @ 11:01 PM (465 views)
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