Factory Output Springs a Surprise with Fall of 0.5% [Edition 3]

Evening Standard - London › July 07, 2009

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Summary

UK FACTORY output unexpectedly fell in May when most economists had been predicting a modest improvement as the economy began to recover from the worst slump since the Second World War.

Analysts said today's setback was a disappointment, but added that it was too early to say whether the data signal a W-shaped recovery, where the economy will dip down again before it gets better, or a plateau in a V-shaped recovery.

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Factory Output Springs a Surprise with Fall of 0.5% [Edition 3]

"Maybe we were getting a bit too optimistic or ...

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