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