U.K. Nov. Manufacturing Output Unchanged
UK-Economy

The recent data by National Statistics on Wednesday revealed that manufacturing output was flat between October and November, and was down 5.4% on the year.

British manufacturing production improved to -5.4% in November over the -7.8% registered in October. The market consensus, however, had speculated a reduced contraction of around -5.1%.

However, the British economy claimed great performance in the industrial sector for November, 2009. Industrial production rose by 0.4% in the month, beating both the slight 0.1% slide in October as well as analysts' expectations of a more modest increase in of 0.3%.

In annual terms, British industrial production registered -6.0% as of November, better than -8.4% in October.

In addition, the industrial production was backed by a 7.2% increase in oil and gas output which National Statistics cited was because of fields coming back on track. The rise in oil and gas contributed a 0.9% point to the monthly change in industrial production.

However, UK manufacturing output will likely improve over the coming months, according to the ecPulse. com analyst's team.

Latest News

FTC probing Google’s display ad business: report
Facebook recommends holding off HTC First’s U.K. launch: EE
AMD launches three new APUs
Facebook decides not to bring HTC First to the UK
Opera for Android available for the masses
Wireless-power startup Powermat acquires PowerKiss
HTC in a state of utter freefall: The Verge
Verizon partners with Jennifer Lopez’s Viva Movil
Pinterest tweaks pins to provide more details on showcased items
South Australia’s first Apple Store to open at 10a.m. on Saturday
Samsung launches Galaxy S4 compatible TecTile 2 tags
Soaring gas prices surprise market watchers