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JUL 08, 2014 - Yahoo! News

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British industrial output drops

Industrial output across Britain surprisingly slid in May, official data showed on Tuesday. Output fell by 0.7 percent in May compared with a gain of 0.3 percent in April, the Office for National Statistics (ONS) said in a statement. Analysts' consensus forecast was for another gain of 0.3 percent in May, according to a survey by Dow Jones Newswires. Over a 12 month period, industrial output jumped by 2.3 percent in May, the ONS added, also falling below market expectations for a gain of 3.2 percent.

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