U.K. Industrial Production Recovers At Slower Than Expected Pace


08/02/2014 08:40 AST

U.K. industrial production recovered at a slower than expected pace in December, suggesting a slightly weaker outcome from manufacturing than the findings of business surveys at the end of 2013.

On the other hand, the trade deficit of the country narrowed in December, helped by rising exports.

Industrial production grew 0.4 percent from November, the Office for National Statistics said on Friday. Economists had expected output to grow 0.6 percent, after falling 0.1 percent in November.

Similarly, manufacturing output rose 0.3 percent month-on-month, offsetting the 0.1 percent drop in November. It was also forecast to rise by 0.6 percent.

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