"March 10 (Bloomberg) -- U.K. factory production unexpectedly fell in January for the first time in five months, a sign manufacturing is struggling to shake off the recession.
Factory output dropped 0.9 percent from December, the Office for National Statistics said today in London. Economists predicted a 0.2 percent increase, according to the median of 26 forecasts in a Bloomberg News survey. Manufacturing expanded 0.2 percent from a year earlier, the first gain in almost two years.
...
The pound fell as much as 0.3 percent after the report and traded at $1.4910 as of 9:33 a.m. in London, down 0.6 percent on the day. The yield on the benchmark two-year government bond was up 2 basis points today at 1.24 percent.
Of the 13 categories in manufacturing, 11 fell, the statistics office said. The drop on the month was led by electrical and optical equipment, and chemicals and man-made fibers. Machinery and equipment, and food, drink and tobacco showed the only increases. ..."
[Bloomberg]
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