France Industrial Production Rebounds In September

UK trade deficit

September saw the UK trade deficit narrow by £700 million

India's industrial output grew 3.8 per cent in September from a year earlier, the data from Central Statistics Office of the Ministry of Statistics and Programme Implementation showed today.

In terms of industries, 11 out of the 23 industry groups in the manufacturing sector have shown positive growth during September 2017 as compared to the corresponding month of the previous year.

Separate data showed the UK's trade deficit in goods and services narrowed by more than expected in September.

"It was a different story altogether for the building sector, with construction output down 1.6% in September".

Manufacturing output - a subset of industrial output - also rose by 0.7% in September.

Britain's industrial output grew at its fastest pace this year in September, according to official figures, owing to growing machinery and equipment output.

September was the sixth consecutive rise in industrial production, which Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, pointed out was "a feat last achieved 23 years ago".

The revisions have little effect on GDP growth in the third quarter, the ONS said.

Year-on-year, construction output rose 1.1%, short of the 2.2% forecast and down from a revised 3.9% rise for August. However, this was weaker than the expected increase of 0.8 percent.

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

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.

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