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Industrial output of the British
economy rose below economists expectation by 0.3% in November,
despite growing gas and oil extraction on the largest British North
Sea field, which underline the fact the U.K. economy contracted in
the Q4. Manufacturing production decreased 0.3% in the same month
compared to prior expectation of 0.5% gain, following a 1.3% fall
recorded in October.
"It's a disappointing set of data. We had thought that we
might see a bounce back in manufacturing output over the month, but
what we saw instead was a further contraction," said Philip
Shaw, an economist with Investec in London. "Most of the
official data are suggesting weakness over the fourth quarter."