Forex News: Industrial production in UK below expectations
Forex NewsThe index of industrial production in Great Britain, one of the indicators of economic growth in the country, was far below expectations in October. The reading was -0.8% in a month and +0.6% in a year, compared with +0.2% and 0.5% in September, in a month and year respectively.
It was largely expected that the index of industrial production, which includes manufacturing output as well as outputs in mining and quarrying sector and municipal economy, would amount in October to +0.1% in a month and +0.6% in a year.
The index of manufacturing output was in October -0.4% in a month and +2.5% in year, compared with the preceding reading, 0.0% and 2.0%, in a month and year respectively. According to forecasts, the index was to be in October +0.2% in a month and +3.0% in a year.
posted by Kalin Tasev @ 1:51 PM
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