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- UK industrial production declined more than expected in December
UK industrial production declined more than expected in December
In the three months to December 2017, the Index of Production was estimated to have increased by 0.5% compared with the three months to September 2017, due to a rise of 1.3% in manufacturing; this was partially offset by a decrease of 4.7% in mining and quarrying, caused mainly by the shut-down of the Forties oil pipeline for a large part of December 2017.
Within manufacturing, 9 of the 13 manufacturing sub-sectors experienced growth; the largest contribution to quarterly growth came from basic metals and metal products, which increased by 5.7%.
Total production output increased by 2.3% for the three months to December 2017 compared with the same three months to December 2016; manufacturing provided the largest upward contribution with an increase of 3.4%.
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