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Shock manufacturing slide casts doubt on UK economy's bounceback

Reuters  |  LONDON 

By Andy Bruce and David MillikenLONDON (Reuters) - British factory output unexpectedly dropped in April at the fastest pace since 2012, due to weaker demand at home and abroad, raising concern that the economy's weakness in early 2018 is persisting.Sterling slid by more than half a cent against the dollar after Monday's official data, which also showed the biggest trade deficit for goods since September 2016, widened by big falls in exports of aircraft, pharmaceuticals and machinery.The figures do little to support comments last week by Bank of England Deputy Governor Dave Ramsden who said ...

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First Published: Mon, June 11 2018. 16:04 IST