Economics

U.K. Recession Risk Rises as Industry Weakness Persists: Economy

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U.K. industrial production rose less than economists forecast in November and manufacturing unexpectedly fell, increasing the risk the economy is heading for a triple-dip recession.

Output rose 0.3 percent from October, when it fell 0.9 percent, the Office for National Statistics said today in London. Economists had forecast a 0.8 percent increase, according to the median of 25 estimates in a Bloomberg News survey. Factory production declined 0.3 percent.