Industrial data suggests future revision to gross domestic product figures according to Cebr
Data released this morning by the Office for National Statistics showed that industrial production rose by 0.5% in December from November.
According to the Centre for Economics and Business Research this was higher than the consensus forecast of month on month growth of 0.2% and follows a 0.4% increase in production output between November and October.
The company highlighted that production output was 3.6% lower in December compared to the same month a year earlier. It added that this is an improvement from a decline of 5.7% over the year to November and represents the shallowest annual decline since September 2008.
Owen James
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