UK Manufacturing Output on the Rise

The Office for National Statistics (ONS) announced to day that manufacturing output in the UK increased by 0.5 percent in the final quarter of 2009. This helped the overall economy grow by 0.1 percent during the last three months of the year.

According to the British Chambers of Commerce, the result was “stronger than expected and reinforce hopes that 2009’s fourth quarter GDP growth will be revised upwards – possibly by even more than the ONS has indicated.”

Despite the positive result, the BCC warned that the improvement “does not mean there is any room for complacency. Manufacturing declined sharply last year and annual growth is still in negative territory”.

Source: BBC News

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