6 December 2001, 12:35  UK Oct industrial output down adj 1.1 pct from Sept; manufacturing down 0.3

LONDON (AFX) - Total output of the UK production industries fell a seasonally adjusted 1.1 pct month-on-month in October which left it 4.2 pct down on the year, according to National Statistics. The AFX News median of analysts' forecasts was for October industrial output to be up 0.4 pct on the month for a 3.5 pct year-on-year fall. In the three months to October, output fell 0.9 pct compared with the previous three months for a year-on-year fall of 3.5 pct. NS said latest estimates suggest trend production growth of down 4.0 pct, which compares with 3.5 fall last month. There was a 6.1 pct month-on-month fall in mining and quarrying output, the fastest fall since June 1996, while oil and gas extraction was down 7.1 pct on the month. Output of the gas, electricity and water supply industries fell 2.7 pct. Manufacturing output was down 0.3 pct in October for a year-on-year decline of 4.4 pct. The AFX News median of analysts' forecasts was for October manufacturing output to have risen 0.4 pct on the month for a 3.3 pct year-on-year dip. Manufacturing output was down 0.8 pct in the three months to October when compared with the previous three months and was down 3.7 pct from a year ago. The latest data left the trend in manufacturing output down 6.0 pct, compared with a 5.0 pct fall last month. Significant falls in the latest three months were reported in electrical and optical equipment, basic metals and metal products and machinery and equipment with offsetting falls recorded in trnasport and equipment.

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