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Wednesday, the Office for National Statistics said industrial production in the U.K. grew 0.5% in December from November. Economists had expected the industrial output growth to ease to 0.2% from November's 0.4%. From December 2008, industrial output dropped 3.6%, which was smaller than the expected decrease of 4.1%.
Mining and quarrying output was down 5% month-on-month with a decrease in oil and gas production output of 5.5%. Meanwhile, energy supply output rose 4.2% on the month with increases in the electricity, gas and water supply outputs.
At the same time, manufacturing output rose at a pace of 0.9%, following a revised 0.2% monthly rise in November. The expected increase was just 0.3%. Annually, manufacturing output decreased 1.9%, much smaller than the consensus forecast of 3% decline.
The seasonally adjusted index of production for 2009 as a whole fell 10.2% and that for manufacturing slipped 10.5% compared with the 2008.
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