Tuesday, 8 November 2011

A small green shoot?

Now some good news on the economy-well at least sort of.

September saw a slight increase in the country's manufacturing output,up 0.2 per cent on the previous month helping industrial production as a whole to post its strongest quarterly growth in over a year.

The figures come after a 0.3 percent decline in August, and slightly above economists' forecasts for a reading of 0.1 percent.

The main risers in the stats were transport equipment, basic metals and metal products and machinery and equipment.

The biggest falls were recorded in the food, drink and tobacco, computer, electronic and optical equipment

However less encouraging was that industrial production overall in September was unchanged from August,causes pointing at the door of maintenance at the country's gas and oil sector.

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