Industrial production in the UK rose by 0.3 per cent in January, compared to December, a slightly slower pace of expansion than economists had expected, but a bounce back from the 1.1 per cent shrinkage in December, and the previous month’s decline.

Manufacturing, the largest component, swelled by 0.7 per cent on the month, the Office for National Statistics said. On the year, industrial production swung to a rise of 0.2 per cent, from an upwardly revised decline of 0.2 per cent in December.

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