UK industrial production falls at worst rate in four years
by Angela Monaghan from on (#24BH3)
Surprise 1.3% drop in October dents hopes economy will end year on a high
Industrial production fell sharply and unexpectedly in October, dealing a blow to hopes that the UK economy will end 2016 on a high.
A surprise 1.3% drop in production over the month followed a 0.4% decrease in September, according to the Office for National Statistics, and was the biggest monthly fall in four years. Economists had forecast a 0.2% rise for October.
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