U.K. industrial production grew slightly as expected in October, figures from the Office for National Statistics showed Tuesday.
Industrial output edged up 0.1 percent in October from September, when it remained flat. The monthly growth rate came in line with expectations.
Meanwhile, manufacturing output declined for the first time in three months in October. Output fell 0.4 percent, reversing a 0.9 percent rise in September. Output was expected to drop marginally by 0.2 percent.
On a yearly basis, growth in industrial output improved unexpectedly to 1.7 percent from 1.5 percent. Economists had forecast a 1.2 percent rise for October.
At the same time, manufacturing output slid 0.1 percent but slower than September’s 0.4 percent decrease. It was expected to remain flat in October.
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