Manufacturing sector expands for sixth month in October

United Kingdom industrial production remained unchanged in October, data from the Office for National Statistics showed Friday.

Factory output grew by 0.1% compared with September, and by 3.9% compared with October 2016, both slightly above the expectations of analysts polled by The Wall Street Journal, who predicted no monthly growth and an annual expansion of 3.8%. Manufacturing output was also forecast to remain flat in October. Production was expected to climb 3.5 percent.

"Past experience suggests that the impetus to growth in manufacturing output from the weaker exchange rate will fade soon, now that 18 months have passed since the biggest decline in sterling", said Samuel Tombs of Pantheon. Economists had forecast a 3.8 percent rise.

Fantasy Hockey Breaking News
Calgary remains in search of its first win of the month after falling to 0-2-1 with Wednesday's 2-1 shootout loss at Toronto. Rittich made only his second career start and improved to 2-0-0 after beating Colorado in his season debut on November 25.

Separately, the ONS also said the United Kingdom goods trade deficit with the rest of the world widened slightly in October, to GBP10.8 billion, from the revised September figure of GBP10.5 billion.

United Kingdom manufacturers eked out some growth in October, but construction output fell drastically, according to a mixed batch of data from the Office for National Statistics.

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