U.K. Manufacturing Decline Signals Weak Start to Fourth Quarter
- Factories cut output by 0.4%, double what economists forecast
- Data comes as EEF lobby warns of worst quarter since 2009
Manufacturing output dropped 0.4 percent from September, the Office for National Statistics in London said on Tuesday.
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U.K. factories cut production by more than economists forecast in October, pointing to a weak start for industry in the fourth quarter.
Manufacturing output dropped 0.4 percent from September, the Office for National Statistics in London said on Tuesday. Economists in a Bloomberg survey had predicted a decline on 0.2 percent. Total industrial production rose 0.1 percent, thanks stronger output of oil, water and power.