UK industrial output falls

Figures revealed industrial output fell 1.2 per cent in the month compared with January, but was up 2.4 per cent from February 2010.

This marks the biggest fall for a year-and-a-half, largely due to a fall in oil and gas extraction. Industrial production accounts for 17 per cent of GDP.

Manufacturing output, however, was unchanged from the previous month. Year-on-year, total manufacturing output increased by 4.9 per cent in February 2011.

Growth estimates for the economy as a whole in the first three months of 2011 will be released on April 27.

Image source

Share this story

Send this to a friend