British industrial output rebounded in November, helped by a recovery in oil and gas and adding to signs that the economy kept its momentum in late 2016 despite June’s shock Brexit vote.
But Britain’s trade performance deteriorated, the data also showed. A record increase in imports completely outweighed exports which also hit an all-time high, showing the pound’s drop since the referendum has yet to improve Britain’s balance of trade.
The Office for National Statistics said industrial output rose 2.1 percent in November alone, recovering from a 1.1 percent drop in October and beating expectations for a 0.8 percent jump in a Reuters poll of economists.
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