A surprising decline in British industrial production disappointed UK economy watchers, after a string of survey data suggested the economy there was poised to pick up steam. Pharmaceuticals and metal making led the decline. Here’s a look at manufacturing output, which dropped 0.8% in May from April.
For a broader view of industrial production in Old Blighty, take a look at the year-over-year numbers. They declined 2.3% in May from the previous year. Here’s a look at just how nonexistent the recovery in Britain’s industrial economy has been since the depths of the Great Recession.