FXstreet.com (Barcelona) - UK industrial production has edged down in December, instead of increasing slightly, as the market had expected, manufacturing output also fell on the month despite the significant increase in output on electrical and optical equipment industries, according to data by National Statistics.
Industrial production has edged down 0.1% from November to December, instead of the 0.2% increase forecasted by the analysts. On the year, industrial production has risen 0.6%.
Manufacturing output has decreased 0.2% on the month weighed by widespread declines in manufacturing, although the decrease has been softened by the 1.6% increase on electrical and optical equipment industries' output.
On the fourth quarter of the year, manufacturing output decreased by 0.1% while the output of electrical and optical equipment increased 1.7%, and mining and quarrying output rose 0.3%.
For the whole 2007, industrial production has increased 0.4%, while manufacturing output rose 0.6%.