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Production output growth recorded for November

14 January 2010
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Production output growth recorded for NovemberThe UK saw its production output rise during November 2009 following a 0.1 per cent monthly fall in October.

Industrial production rose over the period in question by 0.4 per cent, exceeding analysts'' expectations, data from the Office for National Statistics (ONS) reveals.

According to the data, manufacturing production held steady between October and November, something which may be of interest to those involved in operations management and improving manufacturing processes.

Particularly sharp increases were seen over the month in the oil and gas production and mining and quarrying sectors.

The ONS figures also show that over the year to November 2009, overall output was down by six per cent, while manufacturing was 5.4 per cent lower than in 2008.

Commenting on the report, Caxton FX senior analyst Duncan Higgins said that it may be indicative that "the UK economy has finally returned to growth", with the current weakness of sterling continuing to drive up exports.ADNFCR-3058-ID-19557493-ADNFCR
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