UK industrial production jumps 0.3% month-on-month

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Source: Investing.com
Industrial production in the United Kingdom increased 0.3% on a monthly basis in the third month of the year, better than the last month's drop of 0.2%, bur worse than forecasts of a 0.5% gain. On an annual basis, Britain's industrial production dropped 0.2%, surpassing analysts' outlooks of a 0.4% fall and following the previous month's 0.1% increase.


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Wed, 11 May 2016 15:28:23 GMT

Gold adds on weaker US Dollar

On Wednesday, the yellow metal rebounded after its two-week lows, as the US Dollar showed weakness against other world currencies. The bullion added 1.2%, trading at $1,279.40 per ounce by 14:00 GMT on the NYSE, after touching its lowest level since April 27 of $1,264.80 on Tuesday. Meanwhile, gold dropped around 3%, after reaching $1,300 level last week for the first

Wed, 11 May 2016 14:01:05 GMT

UK manufacturing sector increases 0.1% in March

Britain's manufacturing production jumped 0.1% month-over-month in March, whereas analysts expected to see a 0.3% rise after the previous month's revised down drop of 0.9%. In the meantime,on a year-over-year basis, the UK's manufacturing production declined at a 1.9% rate, meeting analysts' expectations and following February's -1.6% reading.

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