Economics
U.K. Industrial Output Plunges Most in Almost a Year: Economy
This article is for subscribers only.
U.K. industrial production unexpectedly fell the most in almost a year in August, casting doubt on the strength of the recovery.
Output dropped 1.1 percent from July, when it gained 0.1 percent, the Office for National Statistics said today in London. The median forecast of 30 economists in a Bloomberg News survey was for an increase of 0.4 percent. Factory production fell 1.2 percent, while a separate report showed the trade gap widened in the three months through August.