United Kingdom industrial output jumps in September

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That was driven by a 0.7 per cent rise in manufacturing production, the Office for National Statistics (ONS) said, which was up on of expectations of a 0.3 per cent rise, although slightly lower than the previous month's 0.4 per cent. Production is expected to fall 0.3% month-on-month in September, reversing a 1.2% rise in August.

Despite also showing a sharp downturn in construction, the figures as a whole are likely to hearten Bank of England officials who last week voted to raise interest rates for the first time in more than 10 years.

Construction fell for a second straight quarter, with the 0.9 per cent decline exceeding the 0.7 per cent initially estimated.

Britain's trade gap has narrowed and output from factories and other industrial sites in September grew at its fastest pace this year.

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The ONS said the latest economic data did not suggest there would be any change to its initial estimate that the United Kingdom economy grew 0.4% in the third quarter of the year.

Manufacturing rose 0.7 per cent in September, the fifth consecutive increase and more double market forecasts.

A private-sector business survey last week showed British manufacturing grew robustly in October but also suffered rising inflation pressure.

Exports of goods and services fell by 0.2pc, or £0.3bn, while imports rose by 1.6pc, or £2.6bn.

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A widening in the trade deficit in the third quarter, to £9.5 billion from £6.5 billion in the previous three months, means net trade once again dragged on growth during the period.

Output in September plunged 1.6 per cent from August and was up only 1.1 per cent on the year - weakest annual growth since March 2016.

The construction output data was much weaker than expected.

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