FRANKFURT (MarketWatch)
British manufacturing output posted a 1.2% monthly
rise in May, while the broader measure of industrial production grew by 1%, the
U.K
Office for National Statistics reported Tuesday. Compared to May 2011,
manufacturing declined 1.7% and industrial production fell 1.6%
Economists
surveyed by Dow Jones Newswires had forecast manufacturing output to fall 0.2%
on a monthly basis and 2.2% year-on-year, while industrial production was
projected to see a 0.2% monthly fall and a 2% year-on-year decline
The ONS
noted that the movement of the traditional end-of-May bank holiday to June this
year resulted in an additional working day in May, which may have contributed to
month-on-month growth.
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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