UK: Annual Industrial Production dips 1.7% in December

Year-over-year UK Industrial Production fell by 1.7% in December, following a 2.4% drop in November, National Statistics informed on Tuesday. This is a more positive result that the forecasted 2.1% decrease. UK Industrial Production rose by 1.1% between November 2012 and December 2012, in comparison with the 0.2% growth registered between October 2012 and November 2012 and above expectations of +0.9%.

On an annual basis UK Manufacturing Production fell by 1.5%, after decreasing 2.0% and above expectations of a 2.4% decline. Month-over-month Manufacturing Production rose 1.6%, following a 0.3% drop and exceeding market consensus of 0.8% growth.