Tuesday, 11 October 2011

Decline in British industrial production more than expected

industrial production fell in the UK more than expected in August, down for the third month in a row according to official data showed on Tuesday.

In the report, said the Office for National Statistics in the UK industrial production fell by 0.3% in August, worse than the expected rate, which was estimated at 0.1%.

The figure was revised in July Ahier to decline by 0.2% from the previously mentioned increase, which was 0.1%.

Increased quantities of the manufacturing sector at an annual rate of 1.5%, below expectations, which was estimated by 1.6%.

The report showed that industrial production rose by 0.2% in August despite expectations Bankhvadh by 0.2%.

The figure was revised in the previous month, indicating lower than 0.2%. To 0.4%.

Industrial production fell at an annual rate of 1.0% in August, compared with expectations of declining by 1.1%.

Decline of the pound against the dollar after the data release, with GBP / USD by 0.2% to trade at 1.5637.

At the same time, European stock markets fell after the opening, with London's FTSE 100 rose 0.65%, and Euro Stoxx 50 fell 0.7%, down France's CAC 40 rose 0.8%, while Germany's DAX index fell by 0.6%.

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