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British Manufacturing Output Hits 27 Year Low

Was down 10.2% from last year

Manufacturing output tumbled 2.2% in December from November Office for National Statistics (ONS) said.

Output was down 10.2% on a 12-month basis to record the biggest annual drop since 1981.

The ONS said that a wider measure of industrial production, which includes mining, quarrying and energy, plunged 1.7% in December from November and was down 9.4% year-on-year.

In other official data, the price of goods leaving British factories rose for the first time in six months in January, while input prices climbed 1.5% month-on-month.

Output prices gained 0.1% in January from December and were up 3.5% year-on-year.

Copyright Agence France-Presse, 2009

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