Surprise fall in factory output

Tue, 06/12/2012 - 05:05 EDT - BBCNews

There was a surprise fall in UK manufacturing output in April, official data from the Office for National Statistics show.

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British manufacturing in surprise official fall
British manufacturing output fell unexpectedly in April from the level in March when it had soared, official data showed on Friday.Output in April dropped 0.4 percent from March but it grew by 3.4 percent on a 12-month basis, the Office for National Statistics (ONS) said in a statement.Output in March had jumped 2.2 percent from the February level in the biggest rise for eight years.
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TORONTO — Canada’s manufacturing activity eked out the smallest of expansions in April after shrinking in March but the sector did see an encouraging rise in new orders from abroad, according to data released on Wednesday. The RBC Canadian Manufacturing Purchasing Managers’ Index was at 50.1 last month after adjusting for seasonal variation, up from 49.3 in March. A reading above 50 represents expansion, while a number below means contraction.
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The Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) rose to a 15-month high of 51.4 in December from an upwardly revised 49.2 in November – a far stronger increase than any predicted in a Reuters poll of 24 economists.
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U.S. factory sector ticks up to 2-year high as China bounces back
NEW YORK — U.S. manufacturing growth picked up in March as new orders increased and hiring quickened, closing out the best quarter for the sector in two years, a survey showed on Monday. Financial data firm Markit said its U.S. Manufacturing Purchasing Managers Index rose to 54.6 last month from 54.3 in February. A reading above 50 indicates expansion. Output increased, though the rate of growth slipped to 56.6 from 57.3 in February.
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The Federal Reserve released its report today on Industrial Production in April, here are some highlights:
British GDP data set to show economic slowdown
Official data due Tuesday is set to show that the British economy witnessed a sharp slowdown in the second quarter due to weak real income, high prices and austerity measures, analysts said.The Office for National Statistics will publish its first estimate for gross domestic product (GDP) for the April-June period at 0830 GMT.Many analysts expect weak growth of around 0.1-0.2 percent in the second quarter compared with the previous three months, while some predict that GDP may even hit reverse gear.

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Surprise fall in factory output

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