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Increase in oil and gas production has boosted UK industrial output

07 Oct 2015

A sharp increase in oil and gas production alongside a slower but present boost in manufacturing, has risen UK industrial output.

Concerns over a slowdown in emerging markets for manufacturers and exporters have been kept at bay this quarter following the increase in output.

Industrial production increased by 1% between July and August. This was largely driven by increases in crude oil production, with output in mining and quarrying rising nearly 18% year on year.