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(CEP News) Frankfurt - UK industrial production fell 0.6% in September, triple the 0.2% decline expected, the Office for National Statistics (ONS) reported Tuesday. September's fall deepens the 0.4% decline seen in the previous period.
On an annualized basis, industrial output fell 2.3% in September, down from both the 2.0% contraction expected and the 1.9% decline seen in August. The ONS also reported that manufacturing output saw some stronger-than-expected declines, falling 0.4% in September month-over-month. This fall is more than the 0.2% contraction expected and seen in August. "In the latest three months, manufacturing output decreased by 1.1 per cent, mining and quarrying output decreased by 2.1 per cent and output of the electricity, gas and water supply industries decreased by 0.2 per cent, compared with the previous three months," the ONS added. In yearly terms, manufacturing in the UK lost 1.9% compared to September 2007, down from both the 1.6% decline forecast and the 1.4% contraction seen in August. By Todd Wailoo,
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, edited by Stephen Huebl,
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