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UK factory output drops unexpectedly in Feb for 1st time in nearly a year

Reuters  |  LONDON 

LONDON (Reuters) - British manufacturing output fell unexpectedly in February, its first drop in almost a year, according to official figures that added to signs the economy may have slowed in the first quarter.The data, released on Wednesday along with figures for overseas trade, also showed another sharp drop in construction output, defying expectations for a small rebound after a severe downturn in January.The pace of economic growth slowed slightly in 2017 as higher inflation caused by the fall in sterling after the Brexit vote hurt consumers, although some exporters have gained from the ...

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First Published: Wed, April 11 2018. 14:57 IST
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