Annualized manufacturing production from the United Kingdom dropped for the 5th consecutive month according to the latest report from the Office for National Statistics. Manufacturing output for the month of November fell -0.40%, matching the October contraction with the year over year figure shrinking -1.20% from previous month’s revised -0.20%. Machinery and equipment continued their slide, declining for a 12th month after recording a -13.70% drop while transport equipment managed to be the one bright spot, growing by 6.40%. With manufacturing contributing around 80.00% of total industrial production, the monthly output contraction of -0.70% from October’s 0.10% marked the biggest decline in 3 years. Electricity, gas and steam recorded the largest drop, falling -2.10%. Annual industrial production expansion slowed to 0.90% versus the prior month’s 1.70%. The Pound continues to give ground with the GBPUSD pair briefly falling below 1.4400 before rebounding.