UK Manufacturing output rises in November

FXStreet (Mumbai) - The data released by the UK Office for National Statistics (ONS) showed manufacturing production in November rose 2.7% year-on-year, beating the estimate of a 2.3% rise, and up from the October’s print of 1.7%.

Month-on-month the output rose 0.7%, beating the estimate of a 0.3% rise. The main contributors to the rise in a manufacturing production other manufacturing & repair; the manufacture of basic metals & metal products; the manufacture of transport equipment.

UK industrial production weaker than expected

The seasonally adjusted index of industrial production increased by 1.1 percent between November 2013 and November 2014 according to data released by the Office for National Statistics. This reflects an increase of 2.7 percent in manufacturing. The index printed level with the October reading but disappointed expectations of a 1.6 print.
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GBP/USD edges lower after Mixed UK data

Cable edged lower, after industrial production data declined unexpectedly between October and November due to temporary maintenance works on oil and gas rigs in the North Sea while manufacturing sector output surged above estimates.
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