By Jonathan Davies

Industrial output in the UK fell by 0.1% in January, according to the Office for National Statistics (ONS).

The figures compare with December - the ONS recently published figures that also indicated a 0.5% drop in manufacturing between December and January.

The fall is largely attributed to the computer, electronic and optical sector, with output down 9.5% - the dived monthly drop since October 2002.

However, there are far less gloomy figures when comparing with last year. Compared with January 2014, industrial output was up 1.3% and manufacturing increase by 1.9%.

The ONS said UK oil and gas production recovered in January, rising 2.4% compared to December.

A Treasury spokesman said: "Today's figures from the ONS show manufacturing output grew by 2.6% in the three months to January compared to a year ago.

But the Treasury warned the UK was "not immune to the risks facing the global economy".