UK industrial output fell 2.5% in August, its biggest slump since January, says the Office for National Statistics (ONS).
The fall has reignited fears over the state of the UK's economic recovery, after analysts predicted an increase. Year-on-year, industrial output had fallen by 11.2%. Production in manufacturing, excluding energy, also fell 1.9% from July and 11.3% year-on-year. The ONS says there is evidence of factories boosting production in July and then halting during the August holiday period. Output also suffered due to factories closing for maintenance. "August's dismal industrial production figures will dampen some of the recent optimism about the economy's apparent bounce-back," Vicky ...
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