U.K. manufacturing production increased 1% in December…

Thursday, 9 February 2012 03:05

British manufacturing output climbed by 1% in December, exceeding highly 0.2% expectations for growth.

This is a first improvement in last 3 months reported by Office for National Statistics.

Comparing with 2010 factory output rose at 0.8% pace in December after 1.0% decline in November.

U.K. Trade deficit on goods and services reached the lowest level since April 2003.  December’s reading showed seasonally adjusted 1.1 billion pounds of deficit.

The couple GBP/USD was traded at 1.5850 at the time of news.