, UK industrial output increases in December reducing risk of triple-dip recession
According to data released by the Office for National Statistics on the 7th of February, UK industrial output increased in December more than initially expected. A 1.1 percent increase in British industrial production poses a hope that the UK economy will avoid entering a triple-dip recession. Data showed that UK manufacturing production in December reached the highest level since July 2012 as it was mainly driven by equipment and chemical products segments.
