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- U.K.: Industrial Production declines, Manufacturing Production rises
U.K.: Industrial Production declines, Manufacturing Production rises
While Industrial Production declined, Manufacturing Production rose in December.
U.K.'s Industrial Production declined by -0.2% on a monthly basis in December according to the U.K. Office for National Statistics, short of expectations for an +0.3% increase. On a yearly basis Industrial Production grew less than predicted +0.5% compared to forecasts of +0.8%.
Manufacturing Production grew by a seasonally adjusted 0.1% in December, compared to expectations for an increase of +0.3%. Year on year it rose by +2.4%, beating expectations of +2.0%.
Markets await the NIESR GDP Estimate scheduled for 15:00 GMT.
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