Nov factory output rises in UK, falls in Germany, France
The country’s manufacturing activity posted the fastest increase in seven months in November in spite of a decrease in oil and gas extraction. On a yearly basis, the UK’s industrial production increased 1.1% in November.
Meanwhile, industrial output in Germany and France unexpectedly declined by 0.1% and 0.3%, respectively, in November. Economists’ initial estimates called for a 0.3% increase for France and a 0.4% rise for Germany. France’s manufacturing also weakened 0.6% to post the biggest fall since May.
Germany’s exports declined for a second straight month in November. The country’s exports were down 2.1% in November while imports rose 1.5% on a seasonally adjusted basis, thereby narrowing the country’s trade surplus to €17.7 billion.
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