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British industrial production bounced back in September after two consecutive declines, the latest figures from the Office for National Statistics showed Wednesday. The rebound was stronger than expected by economists.
Total production rose 2.2 percent year-on-year in September following a 1.5 percent fall in August and a 1.1 percent decline in July. The consensus was for an increase of 1.8 percent.
Manufacturing output grew 0.8 percent annually in September. This comes after a 0.2 percent fall in August and a 0.4 percent drop in July. The outcome matched economists' forecast.
On a monthly basis, total production increased 0.9 percent compared with forecast for a 0.6 percent gain. Factory output increased 1.2 percent in September from a month earlier, a tad faster than 1.1 percent rise expected.
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