| UK production slumped dramatically in December as resource companies took a hammering from the global commodity price crash. Overall production dropped 1.1% over the period, far outstripping expectations of a 0.1% decline. While manufacturing was little changed, mining and quarrying output led the index lower, down 4%.
A relatively mild winter also took a toll on energy generation, with output falling 5.4% month-on-month. Looking ahead, energy supply output should spring back, but the shake-out of excess production in the oil sector has further to run, noted Samuel Tombs of Pantheon Macroeconomics...............................................Full Article: Source
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