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UK industrial output falls 1.1% in Q4

UK industrial output falls 1.1% in Q4

Mubasher: UK industrial production growth fell by 1.1% in the fourth quarter of 2018, compared with the previous quarter, with a decline of 0.5% last December, data released on Monday showed.

A decline of 0.9% in manufacturing output in Q4-18, which marked the biggest fall since Q4-12 fuelled the quarterly drop in industrial production, the National Office for Statistics (ONS) stated.

In addition, the manufacturing sector provided the biggest downward contribution for the monthly decline in production output, as factory output fell 0.7%, the strongest monthly decline since 2017.

By 9:39 am GMT, the GBP/USD pair fell 0.31% to $1.2904, while the EUR/GBP pair rose 0.29% to GBP 0.8766.