Increase in UK Manufacturing Production as oil imports dipped

UK manufacturing production output increased 0.4% to seven month highs in November, since the total industrial output was affected by unpredictable drop in oil and gas extraction by 5.5%. Therefore, factory output rose 0.7% from October, while industrial production, in turn, fell 0.1%. Concerning the trade data, the goods-trade gap curbed to 8.8 billion pounds in November as imports plunged 3.2%.