LONDON (AP) — Factory output in the United Kingdom rose by 1.2 percent in May compared to April, beating the market consensus of a 0.9 percent gain.
The Office for National Statistics said Tuesday that the increase was driven by a 3.7 percent gain in output of transport equipment and a 2.2 percent rise in food, drink and tobacco.
The broader index of production was up 1 percent led by a 1.2 percent rise in output of electricity, gas, steam and air conditioning.
Factory output in March-May period was down 0.3 percent compared to the previous three months.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Reader Comments (