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UK industrial production falls, manufacturing output strengthens

Staff Writer | November 8, 2016
UK industrial production surprisingly dropped in September but manufacturing output was unexpectedly stronger.
UK industrial production
Britain   The Office for National Statistics:
UK manufacturing production rose 0.6% over the course of September, the Office for National Statistics revealed, which was up from August's 0.2% month-on-month rise, versus the consensus estimate of a 0.4% rise.

Compared to last year, manufacturing output surprisingly rose 0.2% when economists had expected a 0.1% fall after the 0.5% year-on-year rise in August.

Industrial production as a whole was down 0.4% on the previous month, for the second consecutive month, versus the consensus estimate of a flat reading.

This was mainly due to a fall in oil and gas extraction from the North Sea maintenance work, plus a drop in mining and quarrying activity.

On a yearly basis, industrial production was up 0.3%, short of the 0.8% expected and down from the previous month's 0.7%.


 

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