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UK industrial output grows at forecast rate

first_imgTuesday 9 November 2010 5:24 am whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution UK industrial output grows at forecast rate Tags: NULL Show Comments ▼ Sharecenter_img whatsapp John Dunne More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org British industrial output grew in line with expectations in September, though its manufacturing component was slightly weaker than forecast, official data showed. The figures do not point to any future revision of the initial third-quarter GDP estimate, and will not shift market expectations that the Bank of England will keep interest rates at record lows for many months to come.The Office for National Statistics said that industrial output grew 0.4 per cent in September, the same as an upwardly revised 0.4 per cent for the previous month, and in line with economists’ forecasts.However, the manufacturing component slowed slightly more than expected to 0.1 per cent, its weakest pace of growth since April, after expanding by an upwardly revised 0.4 per cent in August.Industrial output was up 3.8 per cent on the year, while manufacturing grew by an annual 4.8 per cent in September.Separate figures showed Britain’s deficit in global trade for goods and services fell to its lowest level since June, shrinking to £4.57bn in September from £4.8bn.The trade in goods both globally and excluding the EU showed a similar trend.Iain MacDonald of Barclays Corporate said: “Despite some encouraging figures coming out of the UK manufacturing sector recently, a resulting increase in export figures is still yet to be realised despite a deficit reduction in September. “However, we’re now seeing a marked increase in the interest amongst UK companies in developing opportunities abroad, particularly in the more traditional export destinations across Europe and North America. Although competition in these markets still remains tough, demand for UK goods remains buoyant.” last_img read more

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