AS demand falls in the weakening eurozone, industrial production in the UK fell 0.2 percent in December, leading some market watchers to conclude that the country’s economic recovery is slowing down. However, production was up 0.1 percent in Q4. The Office for National Statistics (ONS) had predicted earlier the industrial production would fall by 0.1 percent. Industrial production for 2014 increased by 1.4 percent from the previous year, mainly thanks to growth in the manufacturing sector. Output in mining, energy and utilities all decreased. Manufacturing, meanwhile, increased by 0.1 percent in December, down from 0.8 percent the previous month.
