Economy

xchrom

(108,903 posts)

44. Industrial output fall raises recession risk

Thu Jan 12, 2012, 10:07 AM

Jan 2012

http://uk.reuters.com/article/2012/01/12/uk-nov-industrial-output-idUKLNE80B00920120112

(Reuters) - British industrial output posted a surprise fall in November as oil and gas extraction and electricity production were scaled back sharply, official data showed on Thursday, raising the prospect the overall economy contracted in the final quarter of 2011.

The figures from the Office for National Statistics confirm recent weak business surveys and boost concerns that Britain is slipping into recession, giving the Bank of England more reason to inject fresh stimulus into the economy to support growth.

British industrial output shrank 0.6 percent on the month in November, against forecasts for an unchanged reading.

The narrower reading of manufacturing output, which excludes utilities and oil and gas extraction, fell 0.2 on the month in November after a downwardly revised drop of 0.9 percent in October.

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STOCK MARKET WATCH -- Thursday, 12 January 2012 [View all] Tansy_Gold Jan 2012 OP

1st Rec. Wow been a while. n/t kickysnana Jan 2012 #1

What can I say, Tansy, good American folks? Ghost Dog Jan 2012 #2

Oh, you have no idea Tansy_Gold Jan 2012 #3

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U.S. Dec retail sales post weakest reading in 7 months xchrom Jan 2012 #39

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