World Economy
0

UK Output Rises

UK Output RisesUK Output Rises

UK manufacturing output rose the most in seven months in November, as total industrial production suffered an unexpected decline due to maintenance at some North Sea oil fields. Factory production increased 0.7 percent from October, exceeding the 0.3 percent median forecast of economists in a Bloomberg News survey, according to data published today. Industrial output fell 0.1 percent, with oil and gas extraction dropping 5.5 percent, the most since January. The Bank of England left its key interest rate at a record-low 0.5 percent Friday as a weakening euro area holds back UK economic growth and impedes rebalancing.

Financialtribune.com