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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

UK industrial output drops at start of year

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LONDON: Britain’s industrial output recoiled in January as the nation prepared to exit the European Union, official data showed. Industrial output slid 0.4 per cent compared with activity in December, with a particularly weak contribution from manufacturing, the Office for National Statistics (ONS) said in a statement. Although moderately better than expectations for a 0.5 per cent decline, the latest industrial output data followed a 0.9 per cent rise in December. Manufacturing output, which excludes mining and quarrying, electricity, gas and water supply, slid 0.9 per cent in January from December.


Construction activity also shrank by 0.4 per cent, which contrasted with a 1.8 per cent expansion in the previous month. The ONS also said that Britain’s deficit in goods and services, the gap between exports and imports, stood unchanged at £2.0 billion ($2.4 billion, 2.3 billion euros) in January. “The latest economic data for the UK has come in on the soft side, with manufacturing production and industrial production both contracting in January,” noted analyst David Cheetham at XTB brokerage. — AFP


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