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Surprise Rise in UK Output

10 - 06 - 2009

UK industrial output rose unexpectedly in April for the first time since February 2008, official figures have shown.

UK industrial output rose unexpectedly in April for the first time since February 2008, official figures have shown.The Office for National Statistics said output rose by 0.3% from the previous month, compared with forecasts by analysts of just a 0.1% rise.

Manufacturing rose 0.2%, which was also an unexpected rise. Commenting on the figures, David Kern, chief economist at the British Chambers of Commerce (BCC), says: “Manufacturing output has recorded a modest increase, which is better than analysts expected. “By any longer-term perspective, manufacturing is in deep decline of more than 13% compared with a year earlier. Any talk of recovery at this stage is premature and potentially misleading.”

Source: Recruiter Magazine 10th June 2009

This entry was posted on Wednesday, June 10th, 2009 at 1:50 pm and is filed under Good News Group - Engineering, Good News Group - Leicester, Good News Group - Sales & Business Development, Good News Group - Technical . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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