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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 November, missing expectations for a 0.1% gain, after a 0.4% decrease in October.
Manufacturing output was mainly driven by a drop in basic pharmaceutical products and pharmaceutical preparations, which plunged by 4.9% in November.
On a yearly basis, manufacturing production in the U.K. decreased 1.2% in November, missing forecast of a 0.8% fall, after a 0.2% drop in October. October's figure was revised down from a 0.1% decrease.
Industrial production in the U.K. slid 0.7% in November, missing forecasts of a flat reading, after a 0.1% rise in October.
The decline was driven by a demand for energy. Electricity and gas output plunged 2.1% in November.
On a yearly basis, industrial production in the U.K. gained 0.9% in November, missing expectations for a 1.7% rise, after a 1.7% increase in October.
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