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The Office for National Statistics (ONS) released its manufacturing industrial production figures for the U.K. on Tuesday. Manufacturing production in the U.K. fell 0.4% in October, missing expectations for a flat reading, after a 0.9% increase in September. September's figure was revised up from a 0.8% rise.
Manufacturing output was driven by a drop in the repair and maintenance of aircraft and spacecraft, which plunged by 21.5% in October.
On a yearly basis, manufacturing production in the U.K. decreased 0.1% in October, missing forecast of a 0.1% gain, after a 0.4% drop in September. September's figure was revised up from a 0.6% decrease.
Industrial production in the U.K. climbed 0.1% in October, in line with forecasts, after a flat reading in September. September's figure was revised up from a 0.2% decline.
The increase was driven by a rise in the production of oil, water and power.
On a yearly basis, industrial production in the U.K. gained 1.7% in October, exceeding expectations for a 1.2% rise, after a 1.5% increase in September. September's figure was revised up from a 1.1% rise.
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