Britain's industrial output drops by 0.7%: official data
July 9, 2014, 12:01 am TWN
LONDON--Industrial output across Britain surprisingly slid in May, official data showed on Tuesday.
Output fell by 0.7 percent in May compared with a gain of 0.3 percent in April, the Office for National Statistics (ONS) said in a statement.
Analysts' consensus forecast was for another gain of 0.3 percent in May, according to a survey by Dow Jones Newswires.
Over a 12 month period, industrial output jumped by 2.3 percent in May, the ONS added, also falling below market expectations for a gain of 3.2 percent.