UK industrial output beats expectations in November

| January 13, 2010 | 0 Comments
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The Office for National Statistics (ONS) has today revealed a rise in UK industrial production for the month of November.

The official data showed that output rose by 0.4% in November compared with October and was slightly higher than analysts expectations of a 0.3% rise.

The figures will boost hopes that the UK emerged from its worst recession in decades in the fourth quarter of 2009.

The UK has been lagging behind other economies and is now the last major economy that is still in recession.

Meanwhile, manufacturing output, a subset of industrial output, remained flat for a second consecutive month in November.

On an annual basis, UK industrial production fell by 6%, while manufacturing declined by 5.4%, according to the ONS.

Commenting on the figures, Howard Archer, chief UK and European economist at IHS Global Insight, said: “It is evident that the manufacturing sector is still struggling to develop decent recovery after a largely dismal 2009.

“The further stagnation in manufacturing output in November is a telling reminder that the UK still faces a major challenge to develop significant, sustainable recovery,” concluded Mr Archer.

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