Weak industrial output weighs on British growth
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Britain's industrial sector appears to have been a bigger drag on overall economic growth in the third quarter than was first assumed.
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British industrial output fell more sharply than expected in the third quarter, official data showed on Friday. The Office for National Statistics (ONS) said the July to September
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The UK economy is set to slow markedly in 2005, Deloitte warns, with growth of just 2%.
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Sterling rose on the news, with separate data for eurozone manufacturing coming in much weaker than expected. Output actually contracted in Germany and Italy.
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U.S. industrial output growth nearly  stalled last month as production cuts at mines and utilities  nearly swamped a solid performance in factories, a report from  the Federal Reserve showed on Wednesday.
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Gloom over the British economy spread on Monday as the Confederation of British Industry slashed its growth forecasts and more evidence emerged of falling house prices.
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The economy grew at a weaker-than-expected rate in the final three months of last year, the government's latest estimate on Wednesday showed, as businesses built fewer inventories and consumers spent less.
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Business & money: British economy faces rising costs of food and increasing energy prices amid slowing growth
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Gloom over the British economy spread on  Monday as the Confederation of British Industry slashed its  growth forecasts and more evidence emerged of falling house  prices.
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Britain recorded economic growth of 3.1 percent last year, picking up after a rate of 2.9 percent in 2006, according to official data published on Wednesday.
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Britain&#39;s manufactured output fell in July from the previous month, with big falls in transport industries, official data showed Thursday.
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U.S. business productivity growth proved surprisingly sluggish at the end of 2004 and claims for jobless aid unexpectedly dipped last week, according to government reports that showed a good sign for employment which could fan inflation fears.
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Industrial output across the UK dropped at its fastest pace in more than a year in October, official data shows.
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U.S. business productivity growth  proved surprisingly sluggish at the end of 2004 and claims for  jobless aid unexpectedly dipped last week, according to  government reports that showed a good sign for employment which  could fan inflation fears.
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Business & money: Strong line-up and weaker pound boost result, with renaissance seen as an example to manufacturers
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Worries about the credit crunch led to slower growth in UK manufacturing last month, industry figures show.
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UK manufacturing output suffered a surprise fall in August, prompting concerns over that the sector's recovery may be on the wane.