UK Manufacturing Output Gets February Boost

Written By Unknown on Selasa, 09 April 2013 | 16.01

UK manufacturing output went up 0.8% in February as it rebounded from a snowy January, according to official figures.

The Office for National Statistics (ONS) said the 0.8% boost, which was almost double that forecasts by economists, came after it said output fell 1.9% the month before.

The ONS said that overall industrial output in Britain rose 1%, which was also above forecasts.

The encouraging February figures come as concerns continue about the risk of Britain returning to recession and the so-called triple-dip.

However, the balance of trade in February reached £9.41bn as imports exceeded exports of British goods, up 15% on January's figure.

Sky News Economic Editor Ed Conway said: "The trade deficit has deteriorated over the course of the recession.

"The concern is the UK's recovery has not been allowed to fully take place, partially because there isn't an appetite in Europe for Britain's goods."

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