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U.K. Industrial Output Rises For First Time In 3 Months

U.K. industrial production expanded for the first time in three months in February, the Office for National Statistics said Friday.

Industrial output rose 0.1 percent on a monthly basis in February, offsetting January's 0.1 percent fall. But the rate was weaker than a 0.3 percent rise forecast by economists.

At the same time, manufacturing output advanced 0.4 percent reversing a 0.6 percent drop a month ago. The monthly increase came in line with expectations.

Year-on-year, growth in industrial production eased more-than-expected to 0.1 percent from 1.2 percent. It was forecast to rise 0.3 percent in February.

Likewise, manufacturing output growth slowed to 1.1 percent from 1.7 percent in January. Economists had expected 1.3 percent annual growth.

Another report from ONS showed that construction output dropped 0.9 percent from January and declined 1.3 percent from February 2014.

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