The UK's industrial output surprisingly dropped in August, new figures released by the Office for National Statistics have revealed today (October 9th).
Although analysts had predicted a 0.4 per cent rise, industrial output decreased by 1.1 per cent month-on-month in data described by the manufacturers' organisation EEF as a "mixed bag".
Lee Hopley, chief economist at the body, pointed out that the figures have broken the run of consistently upbeat indicators in recent months.
She added: "Whilst August unwound some of the gains in June and July, the declines were particularly concentrated in a few sectors, namely food, pharmaceuticals and electronics."
There were some positive signs in the data, however, as it was noted that exports edged higher, thanks mainly to gains in markets outside Europe.
Ms Hopley recently stated PMI data for October shows it is a solid month for manufacturing with output, orders and employment all up.
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