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The U.K. Office for National Statistics released manufacturing and industrial production figures on Friday. Manufacturing production in the U.K. rose 0.7% in November, exceeding expectations for a 0.3% rise, after a 0.7% drop in October.
On a yearly basis, manufacturing production in the U.K. increased 2.7% in November, beating expectations for a 2.3% gain, after a 1.7% rise in October.
Industrial production in the U.K. decreased 0.1% in November, missing forecasts of a 0.2% rise, after a 0.3% decline in October. October's figure was revised down from a 0.1% decrease.
The decline was driven by falling oil and gas prices and maintenance shutdowns at two large fields in the North Sea.
On a yearly basis, industrial production in the U.K. rose 1.1% in November, missing expectations for a 1.6% rise, after a 1.0% gain in October. October's figure was revised down from a 1.1% gain.
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