Economics
U.K. Industrial Output Falls, Trade Drags on Economic Growth
- Production declines 0.2% in September, more than forecast
- BOE has warned of global slowdown threatening U.K. growth
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U.K. industrial production fell more than forecast in September, capping a weaker third quarter than initially estimated.
Output fell 0.2 percent in September, more than the 0.1 percent decline forecast by economists in a Bloomberg survey. The Office for National Statistics in London also said that production rose 0.2 percent over the quarter, less than the 0.3 percent in last month’s GDP data. The revision has a negligible effect on the 0.5 percent economic growth estimate.