UK Industrial Production Holds Steady In November

(RTTNews) - The U.K.'s industrial production remained unchanged in November compared with the previous month, the latest figures from the Office for National Statistics showed Friday.

The weaker-than-expected outcome followed two successive months of improvement. Output increased by a revised 0.3 percent in October and 0.9 percent in September. Economists had forecast a 0.4 percent increase in November.

Manufacturing output also remained steady on a month-on-month basis. In October, factory output grew by a revised 0.2 percent. Economists had forecast a 0.4 percent increase.

Year-on-year, industrial production increased 2.5 percent in November compared with expectations for a 3 percent rise. Manufacturing output rose grew 2.8 percent annually, slower than the expected 3.3 percent expansion.