U.K. Manufacturing Unexpectedly Drops Most in Eight Months – Bloomberg

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U.K. manufacturing output unexpectedly fell the most in eight months in October as pharmaceuticals slumped.

The 0.9 percent drop compared with forecasts for a 0.2 percent increase and marked the biggest decline since February. Industrial production fell 1.3 percent, driven by a slide in oil and gas extraction. That was due to a shutdown of Buzzard, one of the U.K.’s biggest fields, the Office for National Statistics said on Wednesday.

From a year earlier, manufacturing fell 0.4 percent and total production declined 1.1 percent. The annual drop in overall output was the biggest since August 2013. The ONS also revised production for the third quarter to…

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