UH-OH: UK Industrial Production Unexpectedly Drops

Rolls Royce
Rolls Royce

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UK Industrial production unexpectedly fell 0.8 per cent month-over-month in October, reports Bloomberg’s Linda Yueh.  This was much worse than the 0.8 per cent increase expected by economists.Manufacturing fell 1.3 per cent versus and estimate for a 0.2 per cent decline.

Markets are down modestly in Europe.